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  1. Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    PoliticsGreek Politics

    . According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... percentage point reduction in the primary surplus target this year is tempered by the fact... the New Democracy-PASOK coalition had lined up for this year. As a result, Tsipras will probably

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  2. Newsletter 30 - 12/06/2015

    Newsletters

    , an improvement of 1.2 points from Q1 last year, when the rate reached 27.8 percent. The number of long... reflects year-on-year improvement of 1.2 points. Price index falls steadily Greece’s consumer price index... are demanding 3 billion euros of fiscal measures this year alone and another substantial overhaul

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  3. Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015

    EconomyMacroeconomy

    ). This is the slowest month on month (MoM) increase in the first half of 2015. The year-to-date figure of tax debt reached 5.89 billion euros, down 5.4 percent year on year (YoY). The absolute figure shows an average monthly rise of almost 1 billion euros in the first six months of the year, corresponding to a 14.4

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  4. General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow

    EconomyMacroeconomy

    million in the first half of 2015 from 1.85 billion last year, according the gg bulletin published... positive at 145 million, despite almost halving from 288 million last year. On the flipside... billion euros in the first half from surplus of 416 million last year. This corresponds

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  5. Greek Q2 growth of 0.8 pct confounds recession forecasts
    Photo by MacroPolis

    EconomyMacroeconomy

    . The flash estimates also displayed the year on year (YoY) GDP growth rate accelerated to 1.4 percent... dropped by 0.7 percent QpQ in Q2 after rising by 0.9 percent in Q1. Compared to last year though... year, official forecasts saw GDP growth of 2.9 percent in 2015, among the highest growth rates

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  6. Cash primary surplus for Jan-Jul close to 3 bln on improved revenues

    EconomyMacroeconomy

    in the 7-month period of 2015 from 2.42 billion last year, according to the Bank of Greece (BoG). It should be noted that last year’s figure incorporated one-off revenues of 1.31 billion euros related to the payment of preference shares by Alpha and Piraeus. Similarly, this year’s figure includes

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  7. July rise of 388 mln in unpaid taxes is lowest for two years

    EconomyMacroeconomy

    on their deposits. Following the evolution in July, the year to date figure stood at 6.28 billion euros, down 13.3 percent year on year (YoY). In addition the average monthly increase in the 7-month period... at the slowest pace this year by 281 million in July almost half the respective figure of 507 million in June

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  8. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    . The comparison with the corresponding period last year (YoY) shows that the unemployment rate also... and 22.8 percent last year. The number of ‘long-term’ (more than 1 year) unemployed fell well below... reading since 2008. ELSTAT figures showed that 162,794 persons who were unemployed a year ago found

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  9. Newsletter 44 - 25/09/2015

    Newsletters

    of refugees and migrants reaching the country, mostly by sea, this year and is under pressure from... Chouliarakis, also conveyed a similar message of softer GDP contraction this year. However, it is not clear... billion posted last year. The improvement is mainly due to an inflow of 1.8 billion euros from SMP returns

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  10. Crumbling Greek pension system threatens big fiscal gap, budget derailment
    Photo by MacroPolis

    Economy

    in the corresponding period last year, which means there was a fiscal deterioration by 817 million year on year... year. The ministry indicates that this mainly reflects lower than expected social security contributions, increased main pension expenditure by 167 million compared to last year’s budget

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