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Car sales soar by 47.2 pct in April for 20th straight monthly rise
EconomyMacroeconomyin April, which is the highest reading since July 2011. More than 85 percent of April road motor... quarter) almost 10 percentage points higher than the rise of 18.7 percent posted... period of 2015 reached 29,060 in the first three months of 2015 with passenger cars making up more than
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 1.19 billion in the first... in February and stems from an increase in repos by 1.06 billion more than offset by payments to the IMF... guarantees more than doubled from the end-2014 figure of 60 billion. The year to date movement fully
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgramme, bringing less than 20 million into public coffers. In 2010, the second repatriation law, with a tax rate of 5-8 percent, had a poorer outcome. Less than 150 million deposits returned to the Greek banking... are reportedly claiming that the new target of more than 600 million is too optimistic. Revenue collection
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankinglower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million. The improving... time over the past four years. Pre-provision income (PPI) more than doubled quarter on quarter (QoQ... employees. Impairment losses declined by more than 46 percent QoQ and 42 percent year on year (YOY
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomy. The disclosed figure is in line than the flash estimate announced by ELSTAT on May 13. Today’s... a cumulative drop of more than 24 percent since 2008. This mainly results from a nosedive... the past six years, investments tumbled by more than 62 percent with their contribution to GDP almost
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Greece rides the ghost train
Agoraon the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells... is at a loss. The proposal contains more than 2.5 billion euros in fiscal measures over the next two years, which is more than the previous government, led by Antonis Samaras, had been negotiating
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
Economythe last two sessions, Greek shares fell by more than 10 percent, while their cumulative losses... the last two days, bank shares have lost more than 42 percent of their market value over the past 4.5.... The 3-year GGB yield climbed by more than 270 basis points (bps) to 28.53 percent. The yield of the 5-year
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At risk of poverty/social exclusion rate in Greece edged up to 36 pct in 2013
Societythan Greek nationals (37.6 percent). EU citizens (50.5 percent) living in Greece were also more likely to be at risk than Greek nationals. The data, derived from the 2014 Survey on Income and Living..., which was 3.3 percentage points lower than the 2012 figure. At the other end of the age scale
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomysince July 2012. On a non-seasonally-adjusted (NSA) basis the unemployment rate fell by more than 2..., the number of unemployed has more than tripled from the 425,000 posted in April 2008. The NSA figures... for males to 22.2 percent, while that for females eased by less than 1 pp to 29.8 percent
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Revenues 705 mln short in June but expenditure above target by 961 mln
Economy), which more than offset the revenue shortfall by 1.68 billion. On a monthly basis, revenues (before... better than target and PIB balance 430 million above target The 6-month budget deficit remained almost... better than target. Our understanding is that the government stepped up its efforts to rein in payments
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