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Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomyaccelerated to 3.1 percent with balance dropping below the 70-billion-euro mark to 69.89 billion. Monthly... the previous month, according to the Bank of Greece (BoG). Balances eased 0.35 percent month on month (MoM... institutions fell 2.9 percent, unchanged from the two preceding months. Balances fell by almost 1 billion
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Eurogroup agrees return of mission to Athens but key issues unresolved
PoliticsGreek Politicsand reducing pension spending) are considered reforms rather than further austerity. They also... about the prospect of reaching a staff level agreement” reflects the delicate balance... and will be fiscally neutral because every measure adopted would be balanced by another aimed
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomy) compared to fiscal targets calling for zero balance in 2013 and 2.75 billion (1.5 percent of GDP... the respective primary surplus figure (0.2 percent of GDP) is marginally lower than the initial target (0.3..., the MoF anticipates that the revenue shortfall of 805 million on a cash basis for 2013 will be more than
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomytargets calling for zero balance in 2013 and 2.75 billion (1.5 percent of GDP) respectively. New fiscal projections are higher than those incorporated in the 2014 draft budget, which saw a primary... for 2013 will be more than offset on an accrual basis with additional revenues of 1.16 billion
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Spain’s economic recovery languishes amid graft scandals
Agora, has rebuffed opposition criticism over his economic policies by pointing to a trade balance surplus... the 0.5 percent rate calculated by the European Commission but lower than the 1 percent estimated.... According to the European Commission’s economic forecasts, Spain’s deficit won’t be lower than 6 percent
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomywas 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised... deficit is one of the three key factors for the material improvement of the Current Account (C/A) balance
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Greek bank capital increases: A breakdown of what has been achieved
Economyand 1.75 billion respectively. Both transactions were reportedly more than 1.5 times oversubscribed... international) investors in the past six weeks. This is 2.7 times higher than the amount of 3.1... in Alpha, a minor negative balance of 82 million from Piraeus and a significant unrealized loss of 4
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Greek elections as seen (or imagined) from Berlin
AgoraThe following is a thought experiment, which claims no more authenticity than being an exercise... percent (more than 55 percent for those aged between 18 and 25) many analysts in the Chancellery..., throwing established modus operandi off balance. Cables from Athens to Berlin are likely to focus
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomyto the overall gg balance. The highest portion is made up by extrabudgetary funds and the state budget... decrease in the long-terms bonds by 8.1 billion euros, which is more than offset by a net increase..., the EFSF/ESM/IMF loans stood at 219.71 billion euros corresponding to more than two thirds of total
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyof Greece’s Economic Adjustment Program. The 7-month figures of 2014 primary and budget balance... in the 7-month period to 4.02 billion euros, which is 144 million lower than target. Following a stronger... expenditure surged 39.9 percent to 2.97 billion, 9.1 percent higher than target.
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