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First round of local elections leave Greek politics finely balanced
PoliticsGreek Politicsto just edge out Sakellaridis for first place but the latter performed better than expected by beating... Attica governor. She caused an upset by gathering more support than incumbent Yiannis Sgouros, who... and Attica is a blow for the party, which took the risk of nominating candidates rather than following
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EU vote highlights Greek center-left's urgent need for renewal
PoliticsGreek PoliticsThe expectation that the PASOK-led Elia alliance would receive less than the 8 percent it got... accepted that the government’s legitimacy would be in question if Elia did not gain more than 10..., Greece's far right parties, Golden Dawn and LAOS, came away with more than 12 percent. Compared
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Data for May shows Greek PMI in growth territory for second straight month
EconomyMacroeconomyin production levels in May was slightly lower than that in April, but it remained solid, according... levels was slightly higher than that of inflows of new orders partly reflecting the continued progress... since the end of 2007, although the rate of job creation was slower than that posted in April. Firms
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyrevision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... of 620 million to April) more than offsetting lower Public Investment Budget (PIB) balance (-129 million... is lower than the 495 million recorded in April. In contrast, the May budget deficit stood at 839
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Parliament's budget office sees Greek recovery finely poised
EconomyMacroeconomythat the Greek economy could grow by more than expected this year but that a series of concerns... weigh on the recovery. The PBO estimates that the economic recovery this year may be stronger than... is one of the biggest in the world, higher than that of other countries with systemic crises
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The tarnished legacy that will haunt the Athens Olympics
Agorawarned the euro area that its public debt and deficit figures would be worse than expected. The deficit for 2004 came in at 6.1 percent, more than double the eurozone limit, while Greece’s debt... have been held accountable? Greek taxpayers, who were largely the victims rather than perpetrators
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBanking, the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non... ratio is in line with that of Piraeus, but lower than the 58 and 56 percent reported by Alpha
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Increase in car sales accelerates to 44.3 pct in September
EconomyMacroeconomythan double from the August reading, according to the Hellenic Statistical Authority (ELSTAT... than 80 percent) of new licenses in road motor cars stems from passenger cars, which soared 46.3... than half of total motor vehicle circulation licenses, showed a slower growth rate in September
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyfor 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than... was minimal, with 2013 nominal GDP now standing at 182.44 billion euros, just 0.2 percent higher than... more than previously recorded by ELSTAT. This corresponds to a cumulative GDP contraction of 24.6
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyeuros better than target) more than offsetting the Public Investment Budget (PIB) balance (258 million... figure at 2.6 billion, more than 300 million above target. After a slight increase in August... better than target. Interest payments fell by 8.9 percent to 4.82 billion in the 9-month period almost
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