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  1. Greek central government primary cash surplus to August at 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year. The net balance on a cash basis showed the deficit narrowing by 71.1 percent to 2.61 billion from 9.04 billion last year. The BoG reports

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  2. Current account surplus reaches 1.68 bln in July thanks to services
    Photo by MacroPolis

    EconomyMacroeconomy

    , reaching 1.68 billion euros, which was 40.3 percent down year on year (YoY), according to the Bank of Greece (BoG). However, last year’s figure included 1.5 billion euros from the first disbursement under.... The strong C/A surplus posted in July turned the year to date C/A balance to a surplus of 567

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  3. Greek debt: A case of learned helplessness?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    to overlook opportunities for relief or change. Over the last year, the Greek public has been... deficit including interest payments. Over the program’s three-year period Greece was expected... in the PSI had a 30-year maturity period, no principal repayment before the 11th year and a coupon of just 2

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  4. Growth, recovery, change and other words lost in the wind
    Photo by Harry van Versendaal

    Agora

    of this year and take off in 2015," Finance Minister Gikas Hardouvelis told a gathering of Greek businessmen... the Greek economy will grow by 0.6 percent this year and 2.9 percent next year. On Tuesday... a year on from the said departure, Greece is still taxiing towards the runway. Around the same time

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  5. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    in September, which is almost three times higher year on year. The 9-month figure stood at 2.19 billion, up... significant risk for the remainder of the year remains the continued increase in unpaid taxes, which rose... of Information Systems (GSIS) today. The year to date figure surpassed the 70-billion-euro mark

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  6. Greece continues to edge up in "ease of doing business" rankings despite persistent problems

    Economy

    of ease of doing business in 189 countries. This is up from 72nd a year ago (or from 65th, according to the updated methodology). It is the fourth consecutive year in which Greece has risen from.... Greece’s ranking in this category improved to 116 from 161 last year. b) Starting a business, which

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  7. In Greece, number of people at risk of poverty or social exclusion rises to 3.9 mln in 2013

    Society

    year, 3.9 million people in Greece – or 35.7 percent of the country’s population – were at risk... of the year. In Greece, that figure stood at 18.2 in 2013, up four points on the previous year. In Croatia, that figure fell from 16.1 percent in 2012 to 14.8 percent the following year. Greece: percentage

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  8. Greek deflation shoots up to 1.7 pct in October
    Photo by MacroPolis

    EconomyMacroeconomy

    year on year (YoY) and 0.9 percent MoM. From the 12 main groups of goods and services, only one... trailing index fell 1.4 percent in October and has remained above the 1-percent mark throughout the year. This implies that the headline figure for the whole year will exceed the 0.8-1 percent forecast

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  9. Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
    Photo by MacroPolis

    EconomyMacroeconomy

    The Greek non-seasonally adjusted (NSA) GDP at constant prices posted a growth of 1.9 percent year on year (YoY) in Q3, higher than the flash estimate of 1.7 percent, according to the provisional... the full-year official forecast by the troika institutions and the Greek government of 0.6 percent

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  10. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    in the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin... in the corresponding period last year. All key gg entities continued posting a primary cash surplus... year the state budget recorded a primary deficit of 2.4 billion. The primary surplus of extrabudgetary

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