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The cat is out of the bag: Europe's politics is a mess
Agoraby strong words and weak actions. Renzi now faces the possibility that his country’s banks.... In eastern Europe, Hungarian Prime Minister Viktor Orban’s ideas regarding illiberal democracy appear
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Despite ongoing row with SYRIZA, Kammenos not preparing for early departure
PoliticsGreek PoliticsSalvini and Hungarian Prime Minister Viktor Orban, arguing that the leftist party should end its association with him immediately. This criticism, including from SYRIZA-friendly media, drew a strong
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Athens wary of North Macedonia PM's intentions, hopes for EU support over name issue
PoliticsForeign Policyto her country as Macedonia while she took the formal oath of office. This sparked a strong reaction... in the Balkans and in the EU. The new leadership in Skopje has close relations with Hungarian Viktor Orban
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Car sales drop 2.5 pct in May for second successive month
EconomyMacroeconomyfor the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April.... Passenger cars fell at a sharper pace of 6.5 percent in May following a broadly similar drop of 7.3... recorded in 2015 and stood at 128,910. However, in spite of the strong cumulative rebound by 66
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Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
EconomyMacroeconomyThere was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday. December has a strong seasonal
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydeterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million...-a-vis a surplus of 359 million in the corresponding period last year. The latter reflects a drop... MoM to 313.17 billion reflecting: 1) A drop in Greek government bonds (GGBs) by 3.55 billion
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy, the time deposit rate climbed to 5 percent amid strong competition mainly led by the smaller banks... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop... considerable drop by 52 bps to 5.59 percent for loans up to 250,000 euros. For higher loan amounts
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Industrial turnover on downward trend again after 2.8 pct drop in Oct
EconomyMacroeconomy. The recorded drop in October compares with a very low reading in the corresponding period last year, when... in October is entirely attributed to a drop of 3.2 percent in manufacturing turnover, while mining... performance was more than offset by a drop in consumer non-durables (-8.3 percent) and intermediate goods
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomya strong increase in taxes by 3.84 billion to 42.35 billion, while social contributions rebounded at a slower pace of 595 million to 17.94 billion. This solid performance was mitigated by a drop... the previous month, which is the sharpest drop in 2016. The outstanding amount landed at 5.6
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed... drop in food and beverages by 19.9 percent YoY, while supermarkets sales were also down by 2.9
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