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Trade deficit to July eased by 17.4 pct to 11.2 billion euros
EconomyMacroeconomyThe Trade deficit fell 3.4 percent year on year (yoy) to 1.54 billion euros in July, while... compared to the 18.8 percent decline recorded in the first half of the year. The drop in July reflects... guidance for the full year performance. From a geographical perspective, imports and exports
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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economyof the Greek adjustment program was interrupted because of a “significant fiscal gap” in next year’s... this gap, for which the ECB official did not give a figure. In November last year, Greece voted... or extra revenues next year. Beyond that, it also prompts the question of how big a perceptions gap
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Coalition in a bind as debt relief slips away and more austerity looms
PoliticsGreek PoliticsThe possibility of having to implement around 2 billion euros in new austerity measures next year... measures than it has planned next year in order to cover a “significant” fiscal gap. Despite Greek... year, on top of around 4 billion euros already included in the draft budget, presents the coalition
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October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013
EconomyMacroeconomyat the end of last year. As expected, the largest portion of arrears stems from social security funds... the highest year to date reduction are those of social security funds and hospitals with their outstanding balances down by 885 and 640 million respectively so far this year. The recorded drop
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Greeks not self-inflicting HIV but new cases have been rising markedly
Societyattributed to an increase in the number of people injecting drugs. Last year, for the first time... are not fully implemented.” In a report last year, the European Centre for Disease Prevention and Control.... The only encouraging development is that figures for the first 10 months of this year indicate there may
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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsfrom -7.0 percent in 2013. - After falling by 50 percent this year, interest payments are seen broadly... and that a supplementary budget will have to be submitted to Parliament next year is quite high... of the release of the next bailout payment of 1 billion euros before the end of the year. Greece takes over
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Greece records primary cash deficit in 2013
EconomyMacroeconomypercent to 12.79 billion euros from 10.7 billion last year, according to the Bank of Greece (BoG... last year, but this year there two major discrepancies stemming from: a) the inclusion of SMP income.... The full year cash position elements for 2013 highlight lower revenues from 48.31 billion in 2012 to 46.63
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Return to bond markets to buoy coalition, may leave SYRIZA floundering
PoliticsGreek Politicsissuing the five-year bond is by no means marks the end of Greece's economic problems, it strengthens... invested in a strategy of producing a primary surplus from 2013, a year ahead of schedule... season and the first signs of growth in the second half of the year. This will be their trump card
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Why did Greece return to bond markets now? Was it the right decision?
Economyindicating since the first half of 2013 that it would like to test the sovereign debt market this year... with eurozone partners later this year. On the more practical side, a number of fiscal, economic... of the bond. Given that Stournaras has indicated Greece is fully funded until March next year, the bond
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Economyof 2014 from a primary deficit of 306 million in the corresponding period last year, according... than April 2013 figure. The budget deficit in April also shrank by 35.1 percent year on year (YoY... the year to date revenue shortfall to 620 million in April from 372 million in the first quarter
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