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The EU, the troika inquiry and the big disconnect
Agoraextreme duress. In February 2012, Greek MPs had two days to read around 800 pages that made up the second... to, or at least unwilling to see, the resentment and mistrust that has built up in the eurozone... to 19 percent last year but France, for instance, also experienced 17 percentage point drop to 47
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Does return to markets signal end of Greek crisis? The perils of ignoring macro-economic fundamentals
Agorahand in hand with the efforts to talk up confidence in the Greek economic recovery narrative. But to what degree is that confidence warranted? Do certain macro-economic indicators back up such optimism... are excluded the drop was even larger, reaching 2.2 percent. Aggregate demand is frequently cited as an early
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EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Economyin March for the first time this year bringing the 3-month figure to 11.39 billion, up 4.7 percent... million, up 230 percent, and also reflecting a low-base effect. Unlike last year, the recorded tax... revenues and higher tax refunds. On the expenditure front, the drop in primary expenses further
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European Commission review of Greek programme: The key points
EconomyProgrammethrough repo operations which would fetch up to 3 billion and b) use of idle resources available in other... by the actions mentioned above, it remains unclear how the remaining funding needs up to the 10.5... sustainability After peaking at 177 percent of GDP in 2014, debt to GDP ratio is expected to gradually drop
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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomy, according to the Bank of Greece (BoG). They were up 16.3 percent in June. The absolute figures showed... to 10.49 million. In addition, the double-digit drop in travel spending per trip in July, led...) and the UK (1.01 million) make up 10 percent of total arrivals each. The breakdown of travel
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Wealth in Greece plunged by 170 bln since 2007, report finds
Societyexceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year... contraction of 22 percent over this period, while Spain’s GDP showed a cumulative drop of 6 percent... a net wealth of at least 850,200 euros and make up almost 50 percent of total European wealth, while
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyof employees in the private sector in 2014 at 1,531,179, up 11.65 percent on the 1,371,450... a salary amounting to more than 1,000 a month (a five-point drop on the 2013 figure), another two in five... that the total gross monthly wage bill in Greece amounts to 1.595 billion euros, up 5.35 percent on last
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomytravel receipts (up 30.7 percent) on surging non-residents’ arrivals (up 53.9 percent). Following... of the travel surplus by 10.7 percent to 11.4 billion. This stems from increased travel receipts (up 10.8... of the other C/A components showed the drop in income account deficit is attributed to lower net interest
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Greek shares rebound after calming comments from PM and finance minister
EconomyThe Greek stock market rebounded by 4.64 percent on Monday following a drop of 1.6 percent... strong gains up 9.2 percent, while Alpha and Piraeus rose more moderately by up to 2 percent. From... in the banking sector, which made up more than half of the total turnover. Bonds Unlike domestic
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Newsletter 14 - 06/02/2015
by the ECB on Greek bonds it bought in the secondary market (SMP), and combine this with the issuing of up... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013... clear up some of the doubts, although a totally clear picture has yet to emerge. The initial
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