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General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
EconomyMacroeconomy. The deficit in local government eased to 2 million euros, improving on the previous month’s deficit
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Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
EconomyBankingon the asset quality trends in Q2, BoG noted that the quarterly default rate remains over 2 percent
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Industrial production grows 1.7 pct in July for tenth positive reading in a row
EconomyMacroeconomyconfidence indicator improved by 2 points. Additionally, the Markit Manufacturing PMI rose over the 50-point
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Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
EconomyMacroeconomy, the jobless rate has declined by 2 percentage points (pp) from the Q2 2016 figure of 23.1 percent
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Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
EconomyMacroeconomypreviously, this year’s figure includes a one-off item of around 2 billion euros related to National
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Industrial turnover up by 8.6 pct in July, positive for eighth month
EconomyMacroeconomyto -3.7 in August. In the year to date, industry confidence has improved by 2 points.
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Clean exit under discussion but course of third review holds key
EconomyProgrammein 2018 and 2 billion in 2019. Interest payments are in the region of 3.5 billion in each of the two
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsthat was used to smuggle some 2 tons of heroin to Greece. On Tuesday, Tsipras and Kammenos held a meeting
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Newsletter 133
exposures (NPEs), a figure the country’s lenders are keen to see reduced. 2 Deposit inflows at 1.41
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General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
EconomyMacroeconomydeficit of 2 million euros. However, the figure for 2017 still underperformed that of 2016 which stood
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