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  1. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    the recession was more than 1.3 billion deeper than previous estimates suggested. The breakdown...), which corresponds to lower investments of more than 19 billion for the 5-year period. At the same time, the cumulative rise in exports (16.2 percent) was lower than the 18.1 percent released in March

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  2. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    in Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... was partly offset by lower expenditure (by 3.1 billion) and a better than expected PIB balance (by 929... revenues of more than 5.7 billion in each of the next three months for the new full year target

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  3. Eurogroup gives Greece another week to agree measures, keeps tranche and recap funds on hold
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    admitted that the bank recapitalisation process is progressing more rapidly than initially expected two... euros, the actual funding to Greece under the third bailout programme will be lower than the 86... the institutions no later than the beginning of next week. Such a development will unlock the 2-billion-euro sub

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  4. Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment

    EconomyMacroeconomy

    percent YoY. Private consumption is the largest contributor, making up more than 69 percent of 2015 GDP... a nosedive by more than 32 percent in disposable income attributed to heightened unemployment, a series... decrease, also reflecting a double-digit growth in Q1. Since 2008, investment plunged by more than 68

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  5. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    than offsetting a revenue shortfall of 1.43 billion. November revenues and primary expenditure exceeded... billion lower than target. Expenditure As already evident in the preliminary figures, primary... by 1.7 percent to 42.49 billion, 2.34 billion better than target. The latter also reflects notably

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  6. New Democracy counts down to Sunday's leadership vote
    en_GB Photo by MacroPolis

    PoliticsGreek Politics

    of areas. According to the Pulse poll, 38 percent of voters think Mitsotakis would be better than... their faith in Meimarakis. Meimarakis, however, does better than his opponent when voters are asked... levels of the party may prove more potent on Sunday than Mitsotakis’s active campaign, which included

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  7. Declining flow of refugees gives struggling government some hope

    PoliticsForeign Policy

    been an average of 996 refugee arrivals per day. This is substantially lower than the daily average... on Monday, there are no more than 5,300 people (out of a total of just over 50,000) at the reception... arrivals for March appear well down on February's, they are far higher than the figures for last

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  8. Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending

    EconomyMacroeconomy

    million), more than offsetting an underperformance of the Public Investment Budget (PIB... slipped 1.3 percent to 14.11 billion, 325 million higher than target. Expenditure Primary expenditure edged up 1.7 percent in April to 3.12 billion euros, which is 472 million lower than target

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  9. General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros..., albeit lower than last year. The breakdown of the key figures showed gg revenues increased by 2.52... increase of more than 700 million in the preceding two months. Since the beginning of the year

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  10. Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
    Photo by MacroPolis

    Economy

    of debtors owe less than 15,000 euros each for an aggregate amount of 1.14 billion euros (6.9 percent... 0.4 percent of total) owe more than 1 million each for a total amount of 3.76 billion euros, which... more than 60,300 debtors, accounting for 20 percent of total debtors. It is worth noting that KEAO

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