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  1. Central gov't primary cash surplus reaches 1.37 billion in first half of year

    EconomyMacroeconomy

    at 23.67 billion euros, 236 million higher than the BoG underlying item. Interest payments on a cash basis dropped 11.9 percent to 3.17 billion euros, 1 percent higher than the budget figure. The 6-month

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  2. Return of coastal bill may give SYRIZA new chance to build support
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    -DEI), whose interests were far narrower than those represented by the groups opposing coastal... Golden Dawn) demanded such a discussion, they backed seven different proposals rather than uniting

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  3. Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP

    Economy

    ), which are seen at 16 billion. More than half or the NPLs stem from corporate loans (42 billion euros... billion euros from more than 400,000 debtors and the latter’s at 7.5 billion from 370,000 debtors

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  4. Greece sizes up task of restructuring corporate debt

    Economy

    billion euros is less than half the figure of 42 billion recently disclosed by BoG governor Yannis... level rather than to just intervene at micro level. The workshop concluded that such exceptional cases

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  5. As imports rise, Greek C/A balance flips back to deficit in May

    EconomyMacroeconomy

    more than offsett a rise in the services surplus by 190 million. The widening of the trade deficit... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than

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  6. Greek deposits inch up again in June, reaching 163.21 bln

    EconomyMacroeconomy

    (BoG). Monthly net inflows more than doubled to 1.22 billion euros in June from 558 million in May... - savings’ inflows of 229 million more than offsetting time outflows of 708 million. June’s positive

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  7. After recent series of rises, economic sentiment and consumer confidence dip in July

    EconomyMacroeconomy

    above the 100-point mark for the second straight month, while it has improved by more than 11 points... by 1.2 points in July, falling to -51.0. This follows an improvement of more than 15 points

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  8. Greek PMI falls again in July, dropping to 48.7 points

    EconomyMacroeconomy

    goods. The rate of drop in July new orders was faster than that observed in June, mainly reflecting... prices were marginally higher than in June. One of the few areas of cost pressure stemmed from

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  9. Don't let the facts get in the way of "Argentinology"
    Photo by Quim Pagans via Flickr

    Agora

    via a currency board in an attempt to curb hyperinflation which had averaged more than 300 percent... in circulation than the central bank has reserves (dollars in this case) so it can convert them one

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  10. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    stand around 0.5 percentage points (pp) lower than a year ago. Although youth unemployment fell by 6.5... the past two years, yet it has more than doubled compared to the May 2009 figure of 24.9 percent

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