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  1. November sees highest MoM drop in employment as headline figure remains at 25.8 pct
    Photo by MacroPolis

    Economy

    negative monthly reading and is the third highest in the 11-month period. The year on year (YoY) evolution... below the 59-percent mark for the first time since April 2014 to 58.8 percent in December. The year

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  2. Greece and eurozone edge towards deal but details remain sketchy
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    PoliticsGreek Politics

    were 1.3 billion euros short of their target last year and almost 1 billion behind schedule in January, there are some doubts about whether this would be enough financing to see Greece through the year... of GDP from 3 percent this year and 4.5 percent from 2016 onwards. The coalition did not confirm

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  3. Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession

    EconomyMacroeconomy

    year, SA GDP at current prices fell 1.9 percent to 178.8 billion euros, mainly reflecting the above 3 percent YoY contraction in each of the first two quarters of the year. The largest drop... coalition government has not yet disclosed its macro assumptions for this year. The Commission has

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  4. Greece almost last in EU for press freedom, index finds

    Society

    . Despite being a slight improvement on the 2014 figure, this year’s results mark a fall of 76... Borders said this year’s findings “highlight the worldwide deterioration in freedom of information... published every year since 2002 by Reporters Without Borders, which has consultative status

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  5. Drop in revenues drives Jan central government primary cash deficit to 149 mln

    EconomyMacroeconomy

    2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central... to 3.13 billion euros in January from 4.47 billion last year. The MoF preliminary budget data... to decline of 64.8 percent to 76 million euros in January from 216 million last year. Note also

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  6. Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014

    EconomyMacroeconomy

    borrowing rose to 12.3 years in 2014 from 10.99 year in 2013 Q4 and mainly reflects the EFSF tranches of 8.3 billion within the year. For total debt, the weighted average residual maturity eased to 16.16... is almost equally split between short (up to 1 year) and medium (1 to 5 years) term debt. Greece’s

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  7. Greece and eurozone reach tentative deal, much undecided
    Photo by EU Council Eurozone https://flic.kr/p/dUgXKJ

    EconomyProgramme

    redemptions this year related to Greek government bonds held by the Eurosystem maturing in July (3.5... for 2015 maybe downward adjusted taking into account the economic circumstances this year e.g. lower GDP growth or revenue shortfall in the first months of the year. In addition, Greece committed to ensure

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  8. Eurogroup leaves Tsipras with difficult but not impossible deal to sell at home
    Photo by MacroPolis

    PoliticsGreek Politics

    of Greece’s primary surplus, which is meant to reach 3 percent of GDP this year and 4.5 percent next year...” when deciding on the primary surplus for this year. Although this is not the clear commitment

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  9. Finance Ministry outlines plans for making savings, increasing revenues
    Photo by MacroPolis

    EconomyProgramme

    to around 1 billion euros a year and he anticipates this cost could be imminently trimmed by 20 percent... from tackling fuel smuggling are expected as of next year and the increase in revenues could reach... increase public revenues by 2 billion per year. The third intervention is more qualitative

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  10. Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln

    EconomyMacroeconomy

    Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG). The January rate... at a decelerating pace to the previous two year’s rate of around 4 percent. Earlier indications were

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