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Greek industrial production falls in March after three months of rises
EconomyMacroeconomyin the preceding three months. Following revisions and the March performance, the 4-month index is marginally up... in the preceding two years. All major industrial sectors retreated in March with the highest drop recorded
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyfunding shows a year to date decline of 11.05 billion, while the respective drop stands at 59.24 billion... late 2008. The initial amount of state guarantees was set up to 23 billion and that threshold was later
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomypercent drop. The respective 4-month budget item stood at 13.84 billion, corresponding to a deviation... of 898 million, up 1.6 percent, also in line with the 4-month budget item. Reconciling the BoG figures
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Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
PoliticsGreek Politicsopposition party could point to the fact that New Democracy and PASOK (Elia) saw their share of the vote drop... in Greece’s 13 districts came out on top. This goes only part of the way, though, towards making up
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyin April), which led the 5-month figure up 4 percent to 18.57 billion. In addition, the strong revenue... billion dragged by higher tax refunds. The drop in primary expenditure accelerated in May to -3.3
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Greek PMI falls to 49.4 in June, lowest since November 2013
EconomyMacroeconomyticked up to a 10-month high, but factory gate prices continued to fall. The rate of growth... the output growth was sustained in June mainly through progress on outstanding business, the rate of drop
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After landmark return in April, Greece prepares to tap bond markets again
Economymaturities. Bond issues with 3- to 7-year maturity would build up the yield curve. The first issue had... drop of T-Bill yields within 2014. Following a reduction by just 23 bps in 2013, the yield
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Greece prepares for a 3-year benchmark bond issue
Economywould help to build up the yield curve. It also aims to take advantage of the current low interest rates... at a yield of 2.05 percent, down 10 basis points from last month’s auction. The cumulative drop
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Greek primary budget surplus reaches 712 mln in first half of 2014
Economyincrease in May. The year to date figure stood at 22.21 billion euros, up 3.9 percent. The revenue... cumulative tax debt stood at 66.37 billion at the end of May. Despite a month on month drop in tax
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NPLs: The Achilles heel of the Greek banking system
AgoraAdjustment Program, the European Commission (EC) came up with a higher number of the total NPL ratio... drop within 2013. The BoG figure indicates a 8.5 pp increase. Similarly, housing loan NPL is seen
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