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Ministry of Finance - Medium Term Fiscal Strategy 2015 - 2018 (In Greek)
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Possibility of post-election breakup dogs Greek coalition
PoliticsGreek PoliticsPASOK leader Evangelos Venizelos continues to maintain the stakes for the May 25 European Parliament elections high as he keeps coming back to the possibility that the coalition will not be able to survive the vote. While Venizelos has backed away from ...
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What is the bookies' take on the Greek local elections?
PoliticsGreek PoliticsGreeks voted in municipal and regional elections on Sunday. Unlike opinion polls, which officially ended last Friday, online betting on local elections was still being offered throughout Sunday. For the municipality of Athens, the odds from Goalbet for ...
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March fall for Greek industrial turnover is ninth in 15 months
EconomyMacroeconomyAfter a temporary stall in February, the Turnover Index in Industry resumed a negative trend in March easing by 1.1 percent, according to the Hellenic Statistical Authority (ELSTAT). The February reading was revised from a marginal drop of 0.1 percent t...
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Greek central government debt inches down to 320.42 bln in Q1
EconomyGreece’s central government debt slipped by 1.06 billion quarter on quarter in Q1 2014 to 320.42 billion from 321.48 billion in the previous quarter, according to the Finance Ministry debt bulletin published on Wednesday. The quarterly movement reflects...
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Greek trade deficit increases by 14.7 pct in March
EconomyMacroeconomyGreece’s trade deficit continued heading north for the second successive month rising by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT). The first quarter (Q1) figure also shows that the trade deficit increased by 3.1 pe...
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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC). The headline figure reached a low of 74.8 points in March 2009, and hovered between 75 – 90 points until ...
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Data for May shows Greek PMI in growth territory for second straight month
EconomyMacroeconomyGreece’s Manufacturing PMI remained above the 50-point mark, which separates growth from contraction, for the second straight month in May, albeit marginally easing by 0.1 points to 51.0, according to Markit. This was the fourth reading so far in 2014 f...
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Greek Q1 unemployment remains at record quarterly high of 27.8 pct
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT). The lack of...
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Two years on, Greek government ready to give up on higher heating fuel tax
PoliticsGreek PoliticsTwo years after the government decided to implement a contentious increase of 440 percent in the excise tax on heating oil, data produced by Greece’s General Accounting Office (GAO) has shown that the measure was largely fruitless. The tax rise was intr...
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