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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomywere paid during May. The overall cash balance also posted a deficit of 320 million, from 208 million... slipped by 98 million to 3.37 billion in May, which is the second lowest reading in the course... million in May with the figure for the period up by 77 million from last year to 3.08 billion
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Eurogroup doesn't end in tie for Tsipras
Agorathere is greater clarity regarding debt relief had not been publicly discussed before the May 22 Eurogroup... debt relief. It repeated the commitments made in May 2016 but also said that eurozone lenders stand... ahead and this is not something that can be taken for granted. On May 17, he told journalists
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyin the Greek manufacturing sector. The PMI stood at 50.5 in June, up from 49.6 in May, rising after..., though the rate eased compared to May. The increase in demand also led to staff numbers growing... buying during the month, at a rate of decline similar to May. This led to a notable rate of decline
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Third review seen taking longer than Athens had hoped
PoliticsGreek Politicsis that more fiscal measures may be needed next year. The official insisted that despite the underwhelming... surplus target. This may prove one of the main complications in the current review as one.... On the German elections, the fear in Athens is that the outcome may lead to Chancellor Angela
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Newsletter 134
included in the MTFS, which was only submitted in mid-May. Total revenues have been downward revised from... The government has acknowledged that the fiscal targets of the 2018 draft budget may be hampered... billion euros. Direct taxes estimates for 2018 have also been downward revised from the May MTFS
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Newsletter 138
form of monitoring, which may not be palatable to some in the eurozone, including the next... percent posted in July. The latest figure is the lowest reading since May. Breaking down the numbers... in the overall index month-on-month. ESI has been improving since May this year after the successful
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Newsletter 149 -2/02/2018
nationalist supporters, he may decide the least bad option he faces is to withdraw from the current... for the current issue, one of the concerns the coalition has going forward is that investors may see more.... As such, the Greek exercise is seen lasting three months and the results should be available in May
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Complications over reforms cast doubt on June target for global deal
EconomyProgrammedeal between Athens and the lenders may have to wait until July, rather than June. More than 70... being reached at the July 12 Eurogroup may be more likely than at the June 21 meeting of eurozone finance ministers that has so far been the target for all sides. Nevertheless, it may be the case
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Are hirings in the public sector out of control?
EconomyFeaturesrule, the annual window of measurement may obscure lags between the two sets of figures. For instance... may conceal deeper structural issues. Hiring criteria for fixed-term contract positions have... the public interest. In some cases, we may simply be witnessing the effects of crisis decision-making
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeto return to Athens in early May to start preparing for the completion of the fourth review. The initial date proposed for staff-level agreement to be reached (SLA) was the Eurogroup meeting on May 24... on time) by May or June, the institutions also have to reach an agreement on a range of issues
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