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  1. Greek unemployment rate ends 2014 at 26 pct, the first uptick since Sep 2013
    Photo by MacroPolis

    EconomyMacroeconomy

    receded in the preceding 6 months, stalled in December. The year on year (YoY) evolution showed... in a row to a year low of 58.4 percent. This figure along with February 2013 reading are the lowest

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  2. Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation

    EconomyMacroeconomy

    slipped for the second consecutive year by 1.3 percent after easing by 0.9 percent in 2013. According... point to another deflationary year in 2015, albeit at a slower rate, with prices seen easing by 0.3 percent. OECD also anticipates CPI to fall 0.7 percent this year.

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  3. General gov't primary surplus shrinks to 419 mln in January

    EconomyMacroeconomy

    million, yet it was down 68 percent year on year (YoY). Local governments’ surplus followed suit... of extrabudgetary funds nosedived to 84 million from 387 million a year ago (down 78 percent YoY), while

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  4. Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February

    EconomyMacroeconomy

    months of 2015 down by 70 percent on last year’s figure of 1.68 billion, according to the Bank... from surplus of 139 million last year. BoG reports central government figures purely on a cash basis... of 503 million with MoF respective figure of 1.24 billion for the first two months of the year, we

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  5. Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain

    EconomyProgramme

    that last year’s fiscal performance was well below target. In addition, although February budget figures... challenges this year that are expected to dominate the agenda of discussions with institutions, as we... for the implementation of this year’s fiscal consolidation. Back in November, the troika had insisted on a fiscal gap

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  6. Newsletter 20 - 20/03/2015

    Newsletters

    as for the whole year. On the revenue front, the three banks – Piraeus, Alpha and Eurobank – showed... deterioration in the first two months of the year. This was mainly evident in the retail sector... place in Athens, with the city centre in lockdown as it was during her last visit almost a year ago

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  7. Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target

    EconomyMacroeconomy

    Greece’s budget primary surplus for the first two months of the year reached 1.24 billion euros... of 487 million last year, also underperforming the target by 124 million. February is burdened... with a consequent positive impact on fiscal consolidation so far this year. In specific, although revenues

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  8. Monthly credit flow turns positive in Feb for first time since June 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    percent year to date to 102.85 billion euros in February, with net additions totalling 762 million in the first two months of the year. As a result, the rate of contraction significantly decelerated..., banks’ managements indicated that NPL formation accelerated in the first two months of the year

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  9. Newsletter 22 - 03/04/2015

    Newsletters

    it believes it can raise through the package of proposed reforms this year. And, this is where... and collect between 725 and 875 million euros this year by conducting the checks on the Lagarde list... are another measure that the institutions have been pushing for since last year. The only measures

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  10. Higher revenues set to ease coalition's liquidity concerns
    Photo by MacroPolis

    EconomyProgramme

    two months of the year. Naftermpotiki also reported that the Public Investment Budget (PIB) revenues..., further boosting the March primary balance. In the first two months of the year, PIB revenues stood at 496... on the fiscal performance in the first quarter of the year. Since the budget execution bulletin

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