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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomy, albeit at a slower rate, by 4.5 percent month on month (MoM) in May from 9 percent in April. The increase... showed arrears reached 5.04 billion at the end of May from 4.82 billion in April. This means that creation of arrears almost halved in May to 218 million from around 400 million in each
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Greece takes first round against Covid-19 but fight continues
Agoraas an unlikely role model, with international media referring to the “Greek model” of crisis management... delayed from the previous year and scheduled to be completed in May, in addition to 2,450 posts... of April and 1,000 beds by the end of May by erecting temporary wards. In response to the pandemic
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Left pulls together against ND's labour reform bill
PoliticsGreek Politicsof restrictions on outdoor gatherings – will offer a stark contrast to the fractured May Day celebrations where... being derailed by a lack of public support. While the bill looks likely to pass, it may emerge.... “We must decide whether we want a growth model based on research, innovation and well-paid work
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Greece not seen meeting milestones soon, refugee rise may add to tension
PoliticsForeign PolicyMinister Mevlut Cavusoglu warned in an interview with Kathimerini published on Tuesday that Ankara would
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomyGreek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April, according to the Bank of Greece (BoG). The May headline figure is the slowest drop since August 2011... deductions to 253 million in May from 542 million in April and is entirely attributed to household
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Unemployment rate fell to 25 pct in May, its lowest level in the last three years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell for the second straight month in May, when... (ELSTAT). The May headline figure is the lowest reading since June 2012. The non-seasonally-adjusted...) from 25.5 percent in April to 24 percent in May. This is also the lowest reading in the past three
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Five-month budget primary surplus of 2.27 bln, revenues outperform in May
EconomyMacroeconomy. On a monthly basis, the budget execution displayed a primary deficit of 448 million euros in May, from a surplus of 43 million in April, mainly reflecting a deterioration of the PIB balance in May. The state... (before tax refunds) strongly rebounded by 15.5 percent in May after dropping in the preceding two
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Jan-May travel balance of 1.78 bln beats same period in 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday. May’s balance was significantly higher than the 144.7 million euros registered in May 2021. It was also higher than
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Differing views on refugee crisis at heart of Greek-German relations
PoliticsForeign PolicyPrime Minister Alexis Tsipras to discuss cooperation on the refugee crisis with Ankara. There were... Ankara as the key to the solution of the problem. Germany has proposed joint Greek-Turkish patrols... Turkey’s EU accession process as a “carrot” for Ankara’s contribution to the refugee crisis
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Turkish unrest gives Greece the shivers
Agorathere is political instability in Turkey, Greece starts to worry about Ankara externalising the crisis and turning against a weaker neighbour to divert public opinion. It may be that decades of conflict... it may have on reunification talks in Cyprus). For starters, Greece has inadvertently found itself caught
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