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Greek primary budget surplus at 707 mln as revenues beat target in May
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Tuesday. ...
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Greek economic sentiment breaks through 100-point mark for first time since 2008
EconomyMacroeconomyGreece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC). June figure surpassed the 100-point mark for the first time since August 2008 and is the highest reading since April 2008....
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyThe Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. The monthly evolution shows the CPI rose 0.6 percent month on month, primarily attribute...
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Greek jobless rate remains stuck at 27.3 pct for third month
EconomyThe seasonally adjusted jobless rate remained unchanged for the third successive month at 27.3 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Although the headline figure shows a downward trend since its peak at 27.9 percent in...
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DIMAR imploding and leaving gap in Greek center left
PoliticsGreek PoliticsDemocratic Left (DIMAR), once the junior partner in a three-party governing coalition, is in danger of complete collapse after losing two more MPs, who took parting shots at its leader Fotis Kouvelis, on Thursday. DIMAR's decision to quit the government...
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Greek primary budget surplus reaches 712 mln in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 712 million euros in the first half of the year from a primary deficit of 1.51 billion euros in the corresponding period last year, according to the preliminary data released by the Ministry of Finan...
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Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
EconomyBankingThe recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's sha...
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Greek gg debt down by 1 pp in Q1 2014, still at 174.1 pct of GDP
EconomyGreece’s general government debt slipped by 3.9 billion euros quarter on quarter to 314.8 billion euros, or 174.1 percent of GDP, at the end of Q1 2014 from 318.7 billion, or 175.1 percent, at the end of 2013, according to Eurostat data published on Tue...
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Greek coalition locked in dispute over public sector reform
PoliticsGreek PoliticsGreece's coalition appears to have averted one political confrontation this week but has found itself locked in another that might prove more complicated to get out of. The government had been heading for a clash with SYRIZA over a controversial bill re...
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Greek trade deficit up by 21.9 pct in May as exports sink further
EconomyMacroeconomyThe rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates that trade deficit rose for the fourth straight month and the ...
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