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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomybillion higher than the Economic Adjustment Program (EAP) target of 2.73 billion (1.5 percent of GDP...) more than offsetting the reduction of social security contributions (974 million). Direct taxes... also foresees that more than 2/3 of the GDP that has been wiped out from the domestic economy
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In Spain, the best generation is in danger of becoming the lost generation
Agorathan half of the Spanish youngsters that are looking for a job are currently unemployed. This brings.... Having applied unsuccessfully for four jobs (two of them were internships) in which more than 300 people... no more than 300 euros per month or even for free, with no hope of being hired in the short
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Greek central government debt inches down to 320.42 bln in Q1
Economydomestically (1.85 billion) and Financial Support Mechanism (FSM) loans (1.3 billion) more than offsetting... stands at 15.84 years, which is slightly lower than the 16.02 years at the end of 2013. The respective figure for new borrowing in 2014 stands at 0.36 years and refers to T-Bills. More than three quarters
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Greek politics in thrall to new faces and old ideas
Agorarather than divisive. His centrist party, To Potami (The River), posits a new proposition by relying on candidates whose strengths lie in their professional achievements rather than how many rungs up... will have to be built in the vision of its policy makers rather than according to the troika’s instruction
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Five things to watch for in today's elections in Greece
PoliticsGreek Politicsof more than 3 percentage points and support running in the high 20s would be considered a major... votes than the coalition parties combined and if there is a respectable turnout for the European... will struggle to get more than 7 percent of the vote. This could lead to turmoil within PASOK. A challenge
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsguard because his name was not among more than half a dozen that had been linked with the post over... of 4.19 billion euros (2.3 percent of GDP) in 2014, 0.8 percentage points higher than Economic... is at 1.27 million, which is t177 percent higher than March 2009. Youth unemployment remains
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, delayed structural reforms that slow competitiveness gains and higher than expected deflation... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about... fiscal outlook are broadly balanced. The upside risks mainly involve higher than estimated tax
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BoG sees encouraging signs for Greek economy but warns on reforms
Economy, marginally lower than the official troika projection of 0.6 percent. The encouraging signals... positive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor..., they could also result to better than expected fiscal outcome and faster achievement of fiscal
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyin April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent. The number of unemployed amounted to 1.3 million in April, slightly lower than the March figure by 1,300..., but remains exceptionally high at 56.3 percent. Over the past five years, it has more than doubled
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyin Attica building activity doubled to 38.6 percent in May. This is more than 10 percentage points higher than the country average. The Attica prefecture (Athens, Piraeus and suburbs) is making up 21 percent... in 2008. This means there has been a cumulative drop of 75 percent that is more than three times
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