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  1. PMI improves in May but points to further deterioration in manufacturing

    EconomyMacroeconomy

    month but the rate of contraction was moderate and slower than that of April. The largest drop... of employment drop was relatively modest and slightly faster than in April. Purchasing activity also

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  2. The key points from Greece's proposal to lenders

    EconomyProgramme

    of the property does not exceed 200,000 euros, the annual family income is not higher than 35,00 euros and the total household assets do not exceed 270,000 of which deposits not higher than 15,000 euros. Energy 1

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  3. Greece deal hangs in balance as IMF sees major differences
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    PoliticsGreek Politics

    are slightly lower than those in Germany, whilst Greek GDP per capita is less than half the German figure

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  4. PASOK elects new leader, hopes to stop slide and regroup

    PoliticsGreek Politics

    successor with more than 50 percent of the ballots cast (51.6 percent). An indication of how far PASOK’s popularity has plummeted is that less than 50,000 people voted for the three candidates on Sunday

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  5. Bank of Greece warns of dangers in failure to reach deal with lenders
    Photo by MacroPolis

    EconomyMacroeconomy

    of primary surplus targets should be ensured via structural interventions rather than revenue... (35.6 percent). As expected, the NPE coverage ratio stands at lower than that of NPL at 44 percent

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  6. Unemployment, cronyism and corruption fuel Greek brain drain
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    in ten earned more than that. As regards benefits, 66 percent said they had medical care, 54 percent... more than 2,000 euros a month.

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  7. Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    million against the legacy tax debt in the 5-month period corresponding to more than half... remains better than target most likely due to the new settlement process. Nevertheless, the revenue

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  8. Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    . The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew by 17.2 percent to 3.04 billion, 131 million higher than the respective budget figure of 2.91 billion

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  9. Greek coalition braces for internal debate over agreement with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    at companies with large profits and individuals earning more than 30,000 euros a year. Tsipras... a more convincing commitment than his predecessor, Antonis Samaras, it could prove the missing piece

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  10. Travel receipts rise by 16.3 pct in April on jump in arrivals

    EconomyMacroeconomy

    international tourist arrivals (up 39.1 percent) to 2.66 million more than offsetting a marked decrease... than the 17.5 percent recorded in the 4-month period of 2015. Excluding Athens, tourist arrivals

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