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  1. Unemployment, cronyism and corruption fuel Greek brain drain
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    in ten earned more than that. As regards benefits, 66 percent said they had medical care, 54 percent... more than 2,000 euros a month.

    1%

  2. Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    million against the legacy tax debt in the 5-month period corresponding to more than half... remains better than target most likely due to the new settlement process. Nevertheless, the revenue

    1%

  3. Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    . The respective drop in budget expenditure was less than half (-3.4 percent). Interest payments grew by 17.2 percent to 3.04 billion, 131 million higher than the respective budget figure of 2.91 billion

    1%

  4. Travel receipts rise by 16.3 pct in April on jump in arrivals

    EconomyMacroeconomy

    international tourist arrivals (up 39.1 percent) to 2.66 million more than offsetting a marked decrease... than the 17.5 percent recorded in the 4-month period of 2015. Excluding Athens, tourist arrivals

    1%

  5. Greece’s price index falls to second lowest point in 12 years
    Photo by MacroPolis

    Society

    Communications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering more than 2,400 consumer goods and services

    1%

  6. Credit contracts by slower rate of 2.1 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    that the outstanding balance of corporate loans fell by more than 3 billion month on month (MoM) below... since then, while balances dropped by more than 19 percent. The biggest decline over this period

    1%

  7. Referendum call finds Greek banks teetering on the edge
    Photo by MacroPolis

    Economy

    amount stood at 45.2 billion at the end of May. The recent net increase of more than 15 billion euros... presentations released in late May unencumbered ELA liquidity buffer of more than 38 billion with NBG

    1%

  8. Referendum and the ECB to determine the future of Greek banks
    Photo by MacroPolis

    Economy

    for Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... have disclosed they held an ELA liquidity buffer of more than 38 billion (NBG and Piraeus at 12

    1%

  9. The lenders proposals on debt and funding needs that Greeks will vote on in referendum

    EconomyProgramme

    of arrears and reconstitution of state reserves. This means that more than 92 percent... in November from investors other than the general government upon an agreement with institutions

    1%

  10. Greek banks' liquidity position at the centre of attention
    Photo by MacroPolis

    Economy

    stand at around 200 to 300 million euros per day, which are lower than those initially estimated when... in the current average haircut of 35 - 40 percent by more than 15 percentage points would wipe out

    1%