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Primary cash surplus quadruples to 2.09 bln in first two months of 2016
EconomyMacroeconomyGreece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece (BoG) figures displayed on Wednesday. The net balance of the central government also posted a surplus
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Net job hirings in private sector reach record high of 90,631 in April
EconomyMacroeconomyThe employment balance showed net hirings of 90,631 in April 2016, up by 10,408 compared...). This is the third successive positive balance this year and is the highest monthly reading since 2001, when... departures. Unlike the previous three months, the majority (more than 55 percent) of April hirings
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Shaping the post-programme narrative in Greece
Agoraagreement with the European creditor institutions confirmed the primary balance target of 1.75... targets for 2018 and beyond, namely a primary balance of 3.5 percent of GDP. While the Eurogroup... in higher volumes than what it is financially committing. Therefore, the IMF’s repeated advocacy in favour
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomycompared to the decline of 3.3 billion in the previous month, Bank of Greece's (BoG) annual balance sheet... balance at 66.62 billion at the end of December, its lowest level in the last two years. The decrease... by more than 7.24 billion since their peak of 50.48 billion in June 2015. However, they remain 13.11
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Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
EconomyMacroeconomysector deposits as of December 2016, BoG noted. Therefore, the reported outstanding deposit balance... area residents’ positive flow of 173 and 189 million respectively more than offset by other euro area resident’s outflows of 617 million. Last week the BoG’s annual balance sheet revealed that Greek
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General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
EconomyMacroeconomy. Although all other sub-sectors posted a positive primary balance, it deteriorated from the previous year... as of local governments eased to 598 and to 138 million respectively. The breakdown of the gg balance..., while transfers more than doubled to 170 million. Arrears Following a significant decrease by around
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These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomy, taking their total to 24.93 billion. In contrast, capital transfers fell by more than 2 billion to 3.21... balance grew by 6.8 billion from the previous year and turned to a surplus of 1.22 billion in 2016... balance, the overall fiscal consolidation reflects a decline in interest payments by 673 million
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Newsletter 116 - 28/04/2017
of employees remained almost stable at 21.61 billion. The overall balance grew notably by 6.8 billion... of the remarkable improvement in the primary balance, the overall fiscal consolidation also reflects a decline... over the next seven years, the expected revenues of more than 170 million from the concession agreement
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomycash balance turning from a deficit of 72 million euros last year to a surplus of 1.01 billion... than half of total expenditure, while compensation of 3.89 billion accounts for 21.5 of the total... months respectively. The outstanding balance stood at 5.05 billion at the end of March. The modest
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Govt hopes counter-measures, debt relief talks enough to escape multi-bill maelstrom
PoliticsGreek Politicsthe focus to the overall balance of the package. The prime minister’s office issued a non-paper over... measures and expansionary policies will be almost completely equal in 2019, before the balance tips... this year’s growth projection to just 1.8 percent of GDP, which is lower than the European
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