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  1. Greek economy slips into recession as Q1 GDP contracts by 0.2 pct QoQ
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    for the first time since 2007. The respective figure at current prices contracted by 2 percent in 2014... contraction of 1.5 percent in 2015 from growth of 1 percent estimated a month earlier.

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  2. Newsletter 28 - 29/05/2015

    Newsletters

    indicate that a surplus of around 1 percent will be agreed for this year, 1.5 for 2016 and 3.5.... 2 Will SYRIZA MPs back a deal? Predicting how leftist party will move in next few weeks is futile

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  3. Greece: After a deal, work on a solution
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to the OECD. Partly as a result, Greek labour costs and prices have fallen considerably (see Chart 1... Germany was in the not-so-distant past (see Chart 2). The OECD has compiled a list of 329

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  4. Bank of Greece warns of dangers in failure to reach deal with lenders
    Photo by MacroPolis

    EconomyMacroeconomy

    -oriented model include: 1) Continuation of structural reforms to products and services that would facilitate the market entry of new enterprises, improve competition and promote innovation. 2) Tackling

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  5. Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    December 2014 to more than 88 billion currently, reflects: 1) Replacement of ECB with ELA funding... funding purposes. 2) Extended deposit withdrawals of 37.6 billion (31.5 billion from the private sector

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  6. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    is largely attributed to: 1) The delay in the collection of the first instalment of corporate income tax, estimated at 555 million 2) The non-receiving of ANFA income of 132 million The revenue breakdown

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  7. Newsletter 33 - 03/07/2015

    Newsletters

    a short-lived rise by 1 percent in March. The highest decline was posted by automotive fuel (-10 percent). Retail volume also contracted by 1.9 percent in April . 2 Tragedy and drama Neither Greece... is unlikely to en masse favour being part of a national emergency government. The other possibility

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  8. Greece submits proposals to lenders in hope of paving way for agreement

    EconomyProgramme

    to cover potential fiscal shortfalls: 1) Increase the tax rate on income for rents with additional revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point

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  9. Industrial production down by 4 pct in May after three successive rises

    EconomyMacroeconomy

    After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic... the seasonally adjusted IPI contracted 4.9 percent month on month (MoM) in May after a 2 percent MoM drop

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  10. On the Greek crisis and German imbalances

    Agora

    is that it was unable to foresee that 1) delays would have severely and adversely impacted the Greek economy, and 2) that this deterioration would have weakened its negotiating power as Prime Minister

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