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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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Newsletter 160 -04/05/2018
are to hold them at the same time as the European Parliament elections in late May 2019 in order... to bubble over in such a way now. It may just be a chance occurrence or, more likely, it is part... that the performance of private consumption suggests that “households may be more financially
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Debt relief options pondered as institutions prepare for Athens return
EconomyProgramme, will be on the fourth review but discussions are continuing in the background on what debt relief measures may... confirmed that the creditors are due back in Athens on May 14. It is expected that their visit will last.... Either way, there is much for Athens to do between now and the May 24 Eurogroup, when Greece and its
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