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  1. Stronger rise of 4.1 pct for Greek industrial turnover in October

    EconomyMacroeconomy

    ). In contrast, the sharpest drop was recorded in other transport equipment (down 51.4 percent), with motor vehicles and trailers (down 40.4 percent), leather and related products (down 19.7 percent) and wood and cork (down 17.6 percent) following suit. Τhe Markit’s Manufacturing PMI slightly improved

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  2. Industrial turnover dips again in November after upswing in two previous months

    EconomyMacroeconomy

    . The highest drop was posted by transport equipment (down 62 percent), followed by leather and related products (down 34.1 percent), wearing apparel (down 19.8 percent) and textiles (down 14.9 percent

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  3. Newsletter 13 - 30/01/2015

    Newsletters

    Athens would give in return is not clear but Tsipras clearly put clamping down on tax evasion... tracking down tax evaders. Clearly, there will have to be more to what the new government is offering... after election Government tries to play down concerns For first time since Greece’s accession

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  4. Everybody be cool
    Photo by MacroPolis

    Agora

    percent and a handling fee. Now, these loans do not have to be repaid before 2020 and the margin is down... that there are serious concerns over conflicts of interest. Stepping down is a natural development... probably satisfy Northern european countries and calm down Spain, where the rising Podemos is giving

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  5. You've heard the Greek crisis myths, now here are some truths
    Photo by MacroPolis

    Agora

    down to 38.4 billion in four years, a 27 percent reduction. The task was made even more difficult.... To make this effort Sisyphean, the troika decided in 2012 to push down the minimum wage by 22 percent... in 2008 to just 24.3 billion euros in 2013, down 21 percent. At the same time, taxes on income were

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  6. Newsletter 17 - 27/02/2015

    Newsletters

    and the highest since 2002, when Greece entered the eurozone. It pulled balances down to 148.04 billion...-on-year growth for Q4 was also revised down to 1.3 percent from 1.7. Overall, the Greek economy grew... not complete the review. This ties Athens down to the incredibly testing process of working with lenders

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  7. General gov't primary surplus shrinks to 419 mln in January

    EconomyMacroeconomy

    million, yet it was down 68 percent year on year (YoY). Local governments’ surplus followed suit... of extrabudgetary funds nosedived to 84 million from 387 million a year ago (down 78 percent YoY), while... of total). The other subsectors showed slower changes with state budget arrears down 22 million MoM to 135

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  8. Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target

    EconomyMacroeconomy

    , down 40 percent, according to the Finance Ministry (MoF) final budget bulletin. Tuesday’s figures... the 2-month figure at 7.9 billion, down 5.6 percent. Following an underperformance of 968 million euros... reached 7.29 billion, down 7.3 percent and 1.17 billion below target. Primary expenditure declined

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  9. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    the 8-month figure down 4.7 percent to 30.26 billion, 4.23 billion short of target. Note though... to just 39 million. For the 8-month period, direct taxes are down 9.3 percent to 11.53 billion... by CIT (298 million). Indirect taxes fell 4 percent in August with the 8-month figure down 2.9

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  10. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    shrinking with the 9-month figure at 1.9 billion euros, down 17 percent from last year’s number. Revenues... in August, to 3.78 billion euros, bringing the 9-month figure to 35.04 billion, down 6.7 percent... reading in the course of 2015. However, the 9-month figure of 2.17 billion (down 40.5 percent) still

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