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  1. Unemployment rate fell to 25 pct in May, its lowest level in the last three years
    Photo by MacroPolis

    EconomyMacroeconomy

    percent lower than in 2008, implying 1 million less employed over this 7-year period. The number... YoY to 31.6 percent. Lower drops were posted in the 15-24 years to 51.8 percent, still remaining

    3%

  2. ELA funding down by 1.48 bln in July for first monthly drop since May 2014
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    agreement. So, we conclude that the lower ELA use in July most likely reflects increased deposit... of 50.48 billion in June. The evolution in July is the first MoM drop since November 2014. The lower

    3%

  3. European Commission's Greek DSA sees recession ahead, debt becoming unsustainable

    EconomyProgramme

    ), the Commission assumes lower privatization proceeds of only 3.7 billion euros by 2022, slower GDP growth by 0.5 percentage points (pp) per annum compared to the baseline and lower primary fiscal

    3%

  4. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    to lower primary expenditure (by 2.8 billion), military procurement (by 361 million) and tax refunds... months (February, March and June), when expenses were 2.1 billion lower than target and coincided

    3%

  5. ELA funding down by 1.23 bln in August for second successive fall
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    in August. This was broadly expected since the ECB Governing Council decided on August 18 to lower.... On September 3, ECB decided to further lower the ELA limit by another 600 million to 89.1 billion. However

    3%

  6. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    to 537 million in the 8-month period. The over-performance so far this year reflects lower primary... months (February, March and June), when expenses were 2.1 billion lower than target

    3%

  7. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    will further lower their cost with preliminary estimates calling for a 15 percent average cut in existing... and lower benefits.

    3%

  8. Newsletter 44 - 25/09/2015

    Newsletters

    . This is 535 million better than the target and is attributed mostly to lower primary expenditure (2.8 billion), military procurement (361 million) and tax refunds (250 million). Lower primary expenditure

    3%

  9. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    to corporate loans. Eurobank NII rebounded 1.1 percent QoQ to 377.9 million largely led by lower... banks posted lower deposit, but higher ELA, costs in Q2 coupled with a drop in fee income. Core pre

    3%

  10. Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept

    EconomyMacroeconomy

    million lower. This is primarily attributed to higher budget revenues (by 1.32 billion) and to a lesser extent higher budget expenditure (by 191 million) and lower interest payments (by 201 million

    3%