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  1. Lenders still aiming for completion of fourth review in May
    Photo by EU Council via Flickr https://flic.kr/p/q4fbAG

    EconomyProgramme

    on Tuesday, a senior eurozone official said that reaching a staff-level agreement (SLA) in May... this week that a deal may be struck in early July instead, but the eurozone official who spoke

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  2. Lenders return to Athens with much work ahead to reach SLA by May 24
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The effort to reach a staff-level agreement (SLA) by the May 24 Eurogroup resumes in Athens on Monday with the return of the institution’s technical teams, who will be followed by the mission chiefs... later this year because of the slow pace of reforms and fears that the process may stop completely

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  3. After fourth review SLA, build-up to May 24 Eurogroup begins
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    . The details may be ironed out by the May 24 Eurogroup but the International Monetary Fund will also

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  4. General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at the end of May. The next largest category was tax refunds​,​ which represent 19.8 percent... the 10-billion euro mark to 9.70 billion in May, of which ELA guarantees constitute​d​ 9.35 billion. Bank

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  5. Athens edges towards compromise on pension cuts but may have to plug fiscal gap
    Photo by MacroPolis

    EconomyProgramme

    and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019. Reports... in 2017, which may strengthen the government’s argument regarding the fiscal outperformance

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  6. Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Credit contraction in the Greek market stayed at 0.1 percent in May, unchanged from April, Bank of Greece (BoG) figures showed on Monday. As a result, the outstanding balance came to 161.16 billion euros from 161.48 billion euros in the previous month. Along with April, May’s credit contraction

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  7. New government holds first talks with creditors, may opt for cautious fiscal approach
    Photo by MacroPolis

    EconomyProgramme

    that the draft law may also include interventions aimed at providing incentives for the property... reforms and meets the fiscal targets for this year and 2020, there may be room for discussing a less

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  8. Travel balance up by 7.8 pct in May, aggregate visitors edge down 0.9 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance rose to 1.36 billion euros in May from 200.3 million euros in April, Bank of Greece (BoG) data has shown. This reflects an annual rise of 7.8 percent. Receipts came to 1.61... by 3.3 percent YoY and stood at 1.12 billion euros in May. For euro-denominated countries, receipts

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  9. Building permits increase by 7.4 pct in May

    EconomyMacroeconomy

    Building permits rose by 7.4 percent year-on-year (YoY) in May compared to a rise of 14.6 percent in May, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The total number of permits came to 1,453, staying above the 1,000-permit mark for a third month. The corresponding

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  10. Overall loan interest rate drops to 4.23 pct in May

    EconomyMacroeconomy

    The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from... the corresponding volume of new business fell to 237 million in May from 262 million in April

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