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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
EconomyDespite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities. ECB president Mario Draghi said that the council had been informed about the significant progress made so
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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammemonth. Eurogroup president Mario Centeno was questioned about the fate of the pension cuts
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Budget primary confirmed at deficit of 9.07 bln in October
EconomyMacroeconomy. In the preliminary budget execution release for October, the primary balance was off target by 12.32... at 4.44 billion, above target by 1.68 billion. Aggregate PIB expenditure came to 7.01 billion
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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF..., with the state also paying off 144 million euros for the loans of impacted borrowers
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Economic sentiment at 101.9 pts in Jan, consumer confidence dips by 0.7 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) got off to a positive start in 2018 and rose by 0.6 points... mark. Greece’s ESI began to slide in the third quarter of 2008 when the global credit crunch hit, which eventually led to the perilous state of the country’s finances being exposed. The ESI continued
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Newsletter 133
rises by 3.3 points to -53.7 for sixth straight increase Greece’s economic sentiment (ESI) continued..., European Commission (EC) figures revealed this week. ESI stood at 100.6 in September, breaching... and that it would be carrying out its regular stress tests next year. In stepped ECB president Mario Draghi
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Mitsotakis sets off barrage of legislation to shake off introspection
PoliticsGreek PoliticsWith the opposition in disarray, Prime Minister Kyriakos Mitsotakis has fired off another round of reforms, hoping to regain forward momentum and put the internal scuffles in his own party behind him. The slow unravelling of main opposition party SYRIZA and the leadership contest consuming third
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Economic sentiment on up again after 4.2 pt rise in Jan
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday. ESI... reported in January is the highest of the series. Over the rolling 12-month period, the ESI has
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Newsletter 198 -15/03/2019
needed for the second post-programme review to be rounded off. As seemed likely following..., was taken off the table in Brussels. Since the Eurogroup. The focus of the negotiations.... However, Euro2day’s report suggests that the institutions have asked for the cut-off date to be moved back
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On monetary policy and inflation targeting
Agorain Country A has foreshadowed additional interest rate increases aiming to pinch off a bigger upside... targets the price level, so it is expecting that monetary policy will continue to tighten to ease off... volatility and almost deflation, before the recent big bounce in inflation taking off
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