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PMI improves in May as manufacturers struggle with effects of Iran war
EconomyMacroeconomyGreece’s manufacturing PMI rose to 53.3 points in May, from 52.4 points in the previous month, S&P Global data showed on Tuesday. Growth in May accelerated to one of the strongest rates of the past..., it was broadly in line with the long-term trend. "The Greek manufacturing sector saw renewed momentum in May
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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyPrivate sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor... on Monday. The annual growth in May was 7.8 percent year on year (YoY), from 5.8 percent... programme in May 2010. Before the debt crisis, at the end of 2009, the Greek economy had 237.53
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek PoliticsTsipras portraying this as a concession wrestled from the hands of the country’s lenders. Greece may... that it cannot be considered a fair compromise with lenders. Skourletis suggested that elections may have
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly... in revenues in May is also due to the delay in the collection of the corporate income tax as well
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Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
EconomyMacroeconomyfigure displayed on Thursday. The October headline figure represents the lowest reading since May... in the country at 14.7 percent. The challenges in the domestic labour market may continue in 2016
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Greek effort to heal rift with Balkan neighbours may have come too late
PoliticsForeign PolicyA quadrilateral meeting between Greece and three of its Balkan neighbours that took place in Thessaloniki recently may provide a springboard for an improvement in relations that have been severely... (FYROM) to exchange views on the common problems they face. While the atmosphere may have been tinged
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicslow for any agreement on the bailout review by the extra Eurogroup on May 9. A Reuters report... agreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyGreece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday. The absolute figure landed at 1.1 billion in May, while the corresponding payments fell by 5.5 percent to 179.6
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Decline in retail sales accelerates to 8 pct in May
EconomyMacroeconomyGreece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume... in the previous month. Both seasonally adjusted indices, for turnover and volumes, fell month on month in May
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek PoliticsThe Greek government seems intent on trying to forge a better deal with its lenders than the one proposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding... to consider Greek bonds as eligible. There have been reports over the past few days that Stournaras may take
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