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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyeconomy growing by 2 pct this year and in 2026, with both estimates below the outlook the Greek... Outlook (WEO) of April that expected the economy in 2026 to grow by 1.8 pct, and 2 pct this year... by 3.1 pct this year and by 2.5 pct in 2026, moderating to 2 pct by 2030. The current account
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Coalition in a bind as debt relief slips away and more austerity looms
PoliticsGreek PoliticsThe possibility of having to implement around 2 billion euros in new austerity measures next year and not discovering what form further debt relief might take until the middle of 2014 has suddenly... the government can find all of the extra 2 billion euros, or more than 1 percent of GDP, it will need
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When will Greek banks operate as credit institutions again?
Agorasustainability of the country and could not come at a less opportune moment.[2] The second structural..., 11th October 2013. [2] The Greek clothing retailer Sprider suspended its commercial operations
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October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomy, the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2 percent of GDP... 2 percent in 2014. The key risk to BoG short-term projections lies with the funding ability
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomy-forma 9-month 2013 EBA CT1 by 2 billion euros with the respective ratio hiking to 13.5 percent from 8.1...’s upcoming share capital increase of 2 billion euros. The bank has recently initiated the capital
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C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
EconomyMacroeconomyby the BoG, the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2... history and rising to about 2 percent in 2014. The key risk to the BoG’s short-term projections
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Sales season pushes November retail volume to growth for the first time since March 2010
Economy, which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the 9-month period. Furthermore, increased tax obligations led to deposit outflows of 2 billion
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomysingle-digit figure, 2 and 2.8 percent respectively in 2013. Among the various business sectors... and equipment exhibited a modest rise (2 – 2.5 percent).
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof between 1 and 2 percent of GDP in 2013. The BoG’ estimates included in its interim report... 2 percent in 2014. The key risk to the BoG’s short-term projections lies with the funding ability
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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyshowing positive growth (0.9 percent) with marginal deductions of just 2 million in January. The BoG... percentage points in the second quarter. All loan segments showed an increase of 1.8 to 2 percentage
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