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  1. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    billion. A further decline in the ELA limit by 1.1 billion was also announced by the ECB on June 8... decreased by around 70 billion euros from the peak of 126.57 billion in June 2015, when the third bailout... in circulation have dropped by 9.33 billion since their record high of 50.48 billion in June 2015

    2%

  2. Government stalls possible bond issue, clashes again with judiciary
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Monetary Fund is holding its executive board meeting on June 20, rather than June 27 as was initially... momentum built up since the June 15 Eurogroup agreement. Nevertheless, Greek bond yields have continued

    2%

  3. PMI stays at 50.5 in July with second positive reading in 11 months
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    as in June, and represents the second reading above the 50-point mark in almost a year. The report notes... in job creation. Although the rate of growth slowed from that seen in June, it still represents one... June. Along with a rise in payrolls, this factor led to a further fall in volumes of unfinished

    2%

  4. Car sales increase by 28.3 pct in July
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    , a marginal increase on June’s rise of 28.2 percent, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. Car sales reached 14,998 in July, declining from June’s figure of 15,945. Passenger cars rose by 34.7 percent in July, rising from June’s figure of 30.9 percent, and came to 12,659

    2%

  5. Budget primary surplus at 3.05 bln in 7-month, above target on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros in July from 96 million in June, the highest figure for the year so far. Furthermore... June’s decline of 8.4 percent, and totalled 5.40 billion euros. This represents the highest reading... percent in June and landed at 3.84 billion euros. The aggregate figure for the seven-month period

    2%

  6. Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    96 million in June, the highest figure for the year so far. The budget balance came to a deficit..., rebounding from June’s decline of 8.4 percent, and totalled 5.38 billion. This represents the highest... percent, the highest level for the year so far, after falling by 7 percent in June and landed at 3.85

    2%

  7. Inflows continue in July as deposits increase by 927 mln

    EconomyMacroeconomy

    million from 1.09 billion in June, Bank of Greece (BoG) figures revealed on Monday. The outstanding... of the second programme review in June. The breakdown showed that time deposits posted total inflows of 847... is the most substantial for the year so far and surpasses the drop in June of 2.67 billion. As a result

    2%

  8. Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent noted in June, Bank of Greece (BoG) data revealed on Thursday. Receipts came to 2.93 billion euros.... The average expenditure per trip went down by 4.5 percent to 552.4 euros from the figure for June 2016 which stood at 578.4 euros. The figure for this June was 589 euros. During the month of July, travel

    2%

  9. Tsipras tries to weather Kammenos storm, looks for poll boost
    Photo by Fosphotos Pool

    PoliticsGreek Politics

    SYRIZA garnered 17.5 percent. The conservatives saw their ratings drop by 2.5 points since June... fell from 83 percent in June to 80 percent in September, which is the lowest it has been for more... that their household finances will worsen in the next 12 months. It fell from 64.5 percent in June to 50.5 percent

    2%

  10. Deposit inflows rise to 1.41 bln in August, highest for 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    on depositor sentiment from the conclusion of the second programme review in June, after which deposit... for the year so far and the highest since June 2016. As a result, central bank funding landed at 45.3 billion euros at the end of August, which is the lowest reading since June 2014. The ECB decided

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