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Greek banks push for return to normality
EconomyBankingGreece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement. Hampered by their enormous pile of non-performing loans (NPLs), an inability to either self-finance or access market liquidity via the sale of banking
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.05 billion euros in the first seven months of 2018, the Finance Ministry (MoF) final budget execution bulletin for July showed on Friday. Last year’s figure for the same period came to 3.02 billion. The primary surplus beat its target
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammeto achieve this year. According to a report in Naftemporiki newspaper on Friday, Finance Minister Euclid
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek Politics. The four-hour discussion, which Finance Minister Euclid Tsakalotos also took part in, left those
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GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
EconomyMacroeconomyfinance ministry’s (MoF) forecasts that were incorporated in the Medium Term Fiscal Strategy, private
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgrammefar. Finance Minister Euclid Tsakalotos will have a chance to hear what some of his counterparts
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 2.81 billion euros in the first seven months of the year, down by 1.33 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomyof Finance reported tax revenues of 24.38 billion euros in July, which means that for every 3.48 billion
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CPI rises by 1 pct in August, staying positive for fifth month
EconomyMacroeconomy). The Finance Ministry’s projection in the budget sees the HICP rising by 0.8 percent in 2018.
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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek Politicsadded. The state of play in Greek public finance, along with the 2019 budget, were due to be part
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