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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomyby 0.7 points to 90.7 from 91.4 in May, according to the European Commission (EC). The June headline... decreased for the fourth successive month by 3.2 points to -46.8 in June from -43.6 in May. Despite... the improvement by 2 points recorded in May. The retail trade indicator deteriorated by 3.7 points
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What next for Greece's revenues and spending?
Agora. However, budget revenues in May fell short of the target by 1.05 billion euros, with Finance Ministry...-thirds of revenue underperformance in May. Overall, revenues (before tax refunds) reached almost 18... and the absence of ANFA income, the actual figure for June may miss the target by more than 400 million
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Agreement creates array of political challenges for Tsipras, who must move fast
PoliticsGreek Politicsprominent and has indicated she may be willing to head her own party. Greece has to pass this legislation... Panayiotis Lafazanis is fiercely opposed to. However, Lafazanis may not be part of the government... may have to reverse almost all the legislation he has passed this year that rolls back on reforms
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Unpaid taxes edge up by 656 mln in June for slowest monthly rise in 2015
EconomyMacroeconomyGreece’s new unpaid taxes increased by 656 million euros in June compared to 1.03 billion in May, according to data released by the General Secretariat of Information Systems (GSIS... performance in May. Following a rebound in May and June, the collected revenues from audits on self
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For Greek banks, it's business as unusual
Agoraliquidity in their bank accounts if and when current speculation about a bail in may become the harsh... holders cannot know if a soft bail-in option may have to be implemented in due course. The four systemic... obligations may emerge from the ECB’s stress testing exercise, the four largest lenders would be well
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Tsipras bides his time on confidence vote, weighs up options
PoliticsGreek Politicsdiscussed at the moment are September 13 (which may prove too soon after the confidence vote), September.... There is also concern that going to snap elections now may jeopardise any chances of implementing... pulled back, at least for now, from his rush to call a confidence vote may indicate that he has yet
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Why Tsipras might gamble on snap elections
AgoraDemocracy are essentially under caretaker leadership. Of course, snap elections may not necessarily change... for these payments start landing on the doormat may be to Tsipras’s advantage. Striking early could also catch... in the referendum. A third gamble is now on the cards and Tsipras may be feeling lucky. *An earlier
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeused in May to service its external debt. 3) Clearance of state’s arrears to the private sector of 7... notes that a decision on resuming those transfers may be taken in the course of the upcoming... experience to assume that from the second half of the ESM programme horizon Greece may be able
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Looking in on the Greek elections from the outside
Agora, this welcome restraint should not obscure the fact that these “outsiders” – if we may call them... during campaign appearances has caught the attention of European observers. He may appear to be a safer... the next three months. They will be looking at any signals that may arise after the Greeks cast
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomyin August. These taxes were initially due in July and May respectively as it was also the case last... to boost revenues in the coming months, we would expect that the full-year revenue target may..., the government may have stopped delaying or postponing payments of non-payroll expenses, as it was the case
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