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Rhetoric ramped up ahead of Eurogroup but deal still in sight
PoliticsGreek Politicsthat he has maintained since the last Eurogroup on May 22, which implies he wants to keep alive... on the debt relief measures set out in May 2016 and regarding the process for these interventions.... The more pessimistic quote from the Greek official may be Athens’s way of trying to get back at Schaeuble
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CPI up again in June with 1 pct increase
EconomyMacroeconomyhas eased slightly from the CPI recorded in May, it represents the sixth continuous positive reading after four years. The core index edged up by 0.4 percent after staying flat in May while the goods..., covering the fall of -10.4 which was registered in May. On a year-to-date basis, the indicator has
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Healthcare next stop for Tsipras amid Georgiou case fallout
PoliticsGreek Politicsstatisticians had during Georgiou’s court case may provide Greece’s lenders with the extra ammunition... in a difficult position because Georgiou’s ongoing legal troubles may be a useful distraction and one... defendants "regardless of the special relationship they may have with agencies that operate under
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New overdue tax obligations reach 727 mln in June, total at 95.6 bln
EconomyMacroeconomyGreece’s new tax debt rose by 727 million euros in June, up slightly from 717 million euros in May... categories rose by 692 million in June, picking up pace from the figure of 599 million in May... as in May, since these obligations are paid in the second half of the year. The aggregate figure
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Macron visit gives Tsipras chance to build ties, refocus
PoliticsGreek Politics. It has also been suggested that Macron may be favourable to the idea of the International Monetary Fund... will make it more difficult to conclude the third review and that the Washington-based organisation may... of the way and Macron settling into his job, it may be that Berlin and others are more willing to discuss
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Retail sales up by 3.2 pct in June for sixth straight rise
EconomyMacroeconomypercent rise in May, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday. Compared to the May figure, the index jumped by 8.1 percent in June. The headline figure... month-on-month (MoM) to 72.4 in June while volumes increased in June by 2.5 percent compared to May
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyrevised figure of 21.5 percent in May, the Hellenic Statistical Authority (ELSTAT) labour force survey... to May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish
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Early banks stress tests offered as Greek programme compromise
EconomyProgrammethat the SSM may “frontload” the stress tests that are due to be carried out next year so the results... be finalised in early May. This claim was also repeated by a Bloomberg source, while a Bank of Greece... to fall significantly. Developments in Germany, where the liberal FDP party may be part of the next
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomyStrategy (MTFS), which was only submitted in mid-May. Since then revenues have been slipping each... of the solidarity levy. With ordinary revenues half a billion euros below the MTFS figure of May and 120... the May MTFS figure of 21.45 billion euros to 20.78 billion, raising serious questions about the ability
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammebeen suggested that the government may try to tap the markets for a total of 6 billion euros next... as five new fixed-coupon bonds. The maturities of the new bonds may be the same as for the existing notes... the swap may begin on November 13, with the aim of being completed before the institutions’ mission
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