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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
EconomyThe European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM). The document showed that due to the strong deterioration of Greece’s economic and financial situation, the EC has revised downwards
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomy) of the ECB. According to BoG latest official figures, the NPL ratio slipped to 33.8 percent at the end
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Greek business feeling the pinch from capital controls
Economythe relevant official committees. Market sources stressed that several issues would have been eliminated had
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Possibility of snap elections after third bailout agreed is firmly on Tsipras's agenda
PoliticsGreek Politics(ANEL) has also voiced support this week for Tsipras and possible early elections. Top ANEL official
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyyear, official forecasts saw GDP growth of 2.9 percent in 2015, among the highest growth rates
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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammelevel. “Nominal haircuts on official debt cannot be undertaken,” stressed the document. In his press
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These are the bailout deliverables expected from Greece in September
EconomyProgrammeof Understanding (MoU) with its official creditors that are due to be implemented by September, i.e.
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomy. The official estimates by the institutions that oversee Greece’s adjustment programme call
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Tsipras bid to focus campaign on corruption issue runs into trouble
PoliticsGreek Politicslicense and submitted his papers for retirement as soon as he was made a minister. The SYRIZA official
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Overhaul of energy market among tasks looming for government
EconomyProgrammeefficiency making best use of EU funds, international official funding and private funding. Moreover
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