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  1. Greece in 2014: Where are we?
    Photo by Can Esenbel [www.mundanepleasure.com/]

    Agora

    Greece has entered its year of growth and recovery. At least that is how the government, its... insisted last year that the country had begun this upward trajectory. In reality, though, Greece’s narrative was far from linear in 2013. There is no reason to believe this year will be a straight story

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  2. Spain’s economic recovery languishes amid graft scandals

    Agora

    Overwhelmed by corruption cases, Spain is struggling to recover from a two-year-long recession..., January’s three-year bond yield falling to a record-low and a declining risk premium that has... they would not be hiring extra employees for another year or two, a Deloitte-El País survey has shown

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  3. Unemployment closes 2013 with new high of 27.5 pct in last quarter

    EconomyMacroeconomy

    of employed dropped by 2.5 percent year on year in Q4, while the number of unemployed increased... stable at 23.3 percent. In contrast, the ‘long-term’ (more than 1 year) unemployment further rose... they cannot find full time employment. In the last quarter of 2013, 143,391 that were unemployed a year ago

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  4. Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
    Photo by MacroPolis

    Economy

    spent less on average last year than in 2012. The average spending per trip eased by 1.9 percent year on year to 604 euros, remaining 38 percent lower than that of Spain (976 euros). In contrast... by 7.5 percent year on year, according to the BoG. Although dropping by 3.9 percent, arrivals from UK

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  5. C/A deficit to April narrows by 34.7 pct boosted by services

    EconomyMacroeconomy

    billion last year, according to the Bank of Greece (BoG). The moderate increase reflects a rise.../A deficit narrowed by 34.7 percent to 2.22 billion from 3.39 billion last year, showing a decelerating trend compared to the Q1 performance. The year on year improvement in the 4-month C/A balance

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  6. Greek primary budget surplus reaches 712 mln in first half of 2014

    Economy

    of the year from a primary deficit of 1.51 billion euros in the corresponding period last year, according... increase in May. The year to date figure stood at 22.21 billion euros, up 3.9 percent. The revenue... refunds, the 6-month figure soared 160 percent year on year to 1.56 billion euros, 6.6 percent above

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  7. Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct

    Economy

    euros from 868 million last year. The marginal rise in travel receipts is attributed to a 10.6 percent... last year. The highest rise in arrivals was posted by tourists from the USA (+43 percent), Russia... and 17.1 percent in the first half of the year. Arrivals in Athens exhibited the highest rise at 28

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  8. Greek cash deficit to July narrows 78.3 pct to 1.72 bln

    EconomyMacroeconomy

    percent to 1.72 billion euros in the 7-month period from 7.93 billion last year, according to the Bank... of 2.97 billion last year, implying a fiscal consolidation of 5.4 billion euros. The BoG calculates... last year and 308 million this year - as well as expenses of 451 million this year related to Greece

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  9. Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    figure in the 7-month period was recorded in February at 1.39 billion. The year to date figure of new..., with the actual figure reaching 12 percent. For the whole year, the target was set at 25 percent, with the year to date rate at just 13.1 percent. Tax audits on the three categories showed mixed trends

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  10. Loan rates rebounded in July, deposit rates continued heading south
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in July, according to the Bank of Greece (BoG). The year to date drop stands at 54 bps and occurred since April, while the rate remained stable in the first quarter of the year. The respective... the 200-bps mark. The evolution of time deposit rates and T-Bill yields this year also reflect last

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