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Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 2.76 billion euros in the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation in excess of 6 billion year...
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Greek industry's turnover index on the slide again in August after previous rises
EconomyAfter rising in the preceding two months, the Turnover Index in Industry was on its way down again in August, when it fell by 4.2 percent according to the Hellenic Statistical Authority (ELSTAT). The August figure is the fifth negative reading this year...
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Greek primary budget surplus rises to 2.53 bln at end of September
EconomyGreece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month period from 1.95 billion a month earlier, according to the final data released by the Ministry of Finance (MoF) on Tuesday. These numbers confirm prelimin...
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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomyGreece’s economic sentiment improved in October for the first time since June. It reached 102.2 from 99.3 in September, according to the European Commission (EC). The September figure is the fourth reading above the 100-point mark in 2014 and the third ...
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Greek retail turnover advanced for the third straight month, 4.5 pct in August
EconomyMacroeconomyThe turnover of Greece’s retail trade index grew for the third successive month at an accelerating pace of 4.5 percent in August after a 1.5 percent rise in July, according to the Hellenic Statistical Agency (ELSTAT). Retail volume showed a similar tren...
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No prospect of compromise for entrenched Greek parties
PoliticsGreek PoliticsThere will be no meeting of political leaders in Greece to discuss bailout exit plans, debt relief or anything else despite a spate of meetings between party chiefs and President Karolos Papoulias, the only figure that has the authority to convene such ...
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Crisis weakens confidence in Greek representative institutions
SocietyNewspapers, political parties and television remain the most distrusted institutions in Greece by the public, while confidence in the army and police is at an all-time high, a survey by a leading pollster has found. Conducted by Public Issue since 2007,...
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Uncertainty feeding tension within SYRIZA as well as Greek government
PoliticsGreek PoliticsThe failure to reach an agreement with the troika has increased tension within the government but as the possibility of early elections and a SYRIZA victory gets closer, the opposition party is also beginning to show signs of fatigue. As we explained ea...
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Ministry of Finance - 2015 Budget (In Greek)
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Fitch keeps Greek rating at 'B' with stable outlook
EconomyFitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update on Friday, This was the second rating action by Fitch within 2014 following the upgrade by one notch with a stable outlook on May 23. The rating agency expects...
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