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Newsletter 3 - 14/11/2014
Samaras faces tough choices Troika pressure forces government to amend new tax debt payment law Following a week in which the government’s relationship with its own MPs as well as Greece’s lenders was tested, the coalition faces a delicate few weeks ahe...
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Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
EconomyGreece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion month on month (MoM) to 1.93 billion at the end of 2014 from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) preliminary budget ...
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Cash primary surplus for Jan-Jul close to 3 bln on improved revenues
EconomyMacroeconomyGreece’s central government primary cash surplus improved by 23.3 percent to 2.99 billion euros in the 7-month period of 2015 from 2.42 billion last year, according to the Bank of Greece (BoG). It should be noted that last year’s figure incorporated one...
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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomyGreece’s economic sentiment (ESI) had one of its most marked improvement of 2017 in the final months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC) figures revealed on Monday. December was the second t...
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The Agora Podcast - Episode 3 (Europe in recovery mode)
AgoraThe European Commission has presented its proposal for a recovery fund to help EU countries stimulate their economies and overcome the impact of the coronavirus. In this episode of The Agora, Nick Malkoutzis speaks to John Springford and Christian Odend...
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Tales From the Region #3
AgoraThe founders of the European Project dreamed of a united Europe: a continent of peace, solidarity and common prosperity. Europe without borders and divisions and diverse population. A Europe that will be "stronger together". Do Europeans today cherish t...
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Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June re...
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More lost ground made up in Aug as travel surplus nears 3 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data relea...
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Where is Odysseus? Part 3 - Participation
AgoraWe continue to trace the progress of Odysseus, who started a long voyage in 2018 to help bring Greece home to a sustainable and prosperous economy, seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP. Th...
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Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5 percent, from an upwards revised 12.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In the same month last year, the unemp...
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