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  1. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF). This implies a primary deficit of 3...

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  2. After ECB tests, it's back to troika review for Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    After Greek banks passed the European Central Bank’s comprehensive assessment, which alleviated previous concerns about the Hellenic Financial Stability Facility (HFSF) capital buffer of 11.4 billion euros remaining intact, the next key challenge for th...

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  3. Greek trade deficit shrinks by 4.4 pct in October on back of strong exports

    EconomyMacroeconomy

    After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...

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  4. Greek retail sales back on upward course in October after brief dip

    EconomyMacroeconomy

    After a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT). This was the fourth positive reading in the last five months and the...

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  5. SYRIZA hits back in funding row, says it could issue T-bills and use repos

    Economy

    The issue of covering short-term funding needs remains at the forefront of the confrontation between the two main political parties in Greece ahead of the January 25 elections due. In reaction to SYRIZA leader Alexis Tsipras stating that his government ...

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  6. Greece's opposition parties back in spotlight

    PoliticsGreek Politics

    Amid the tense negotiations between the government and Greece’s lenders as well as the scramble to cover the funding needs for March, the plight of the country’s opposition parties has gone largely unnoticed. However, this could change soon as New Democ...

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  7. Why Greece is asking for 1.2 bln back from the EFSF

    Agora

    Following the Eurogroup decision on February 20, Greece returned 10.9 billion (European Financial Stability Fund) EFSF bonds at the end of the previous month. That transaction reduced accordingly the country’s debt and the debt to GDP ratio by more than...

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  8. Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure

    EconomyMacroeconomy

    Greece’s 3-month budget primary surplus was confirmed at 1.73 billion euros, up 12.4 percent, according to the Finance Ministry (MoF) final budget bulletin published on Friday. Preliminary figures had been released on April 16. The outperformance of the...

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  9. Parliament Budget Office sees Greece heading for recession on back of uncertainty

    EconomyMacroeconomy

    The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing inability of lenders and Parliament to agree, the unres...

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  10. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    Greece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY), reaching 2.1 billion from 1.05 billion last year, according to the Finance Ministry (MoF) final budget bulletin published on Monday. The reading is 60 mil...

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