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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomydrop by 6.5 percent. In particular for May, revenues fell significantly by 23.7 percent broadly... in revenues in May is also due to the delay in the collection of the corporate income tax as well
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Greek effort to heal rift with Balkan neighbours may have come too late
PoliticsForeign PolicyA quadrilateral meeting between Greece and three of its Balkan neighbours that took place in Thessaloniki recently may provide a springboard for an improvement in relations that have been severely... (FYROM) to exchange views on the common problems they face. While the atmosphere may have been tinged
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicslow for any agreement on the bailout review by the extra Eurogroup on May 9. A Reuters report... agreement by May 9, including on the 2 percent of GDP in contingent measures, is possible. The nature
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyGreece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday. The absolute figure landed at 1.1 billion in May, while the corresponding payments fell by 5.5 percent to 179.6
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Decline in retail sales accelerates to 8 pct in May
EconomyMacroeconomyGreece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume... in the previous month. Both seasonally adjusted indices, for turnover and volumes, fell month on month in May
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek PoliticsThe Greek government seems intent on trying to forge a better deal with its lenders than the one proposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding... to consider Greek bonds as eligible. There have been reports over the past few days that Stournaras may take
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Trade deficit up 14.2 pct in May as imports increase along with exports
EconomyMacroeconomyGreece’s trade deficit grew by 14.2 percent in May after falling by 14.3 percent in the previous month, Hellenic Statistical Authority (ELSTAT) provisional data showed on Friday. The increase in May reflects a rise in exports by 25.3 percent, which was impacted by imports also rising by 20.6
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Industrial production grows 1.6 pct in June, slowing from May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 1.6 percent in June following upwardly revised growth of 6.3 percent in May, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday... the May decline of 0.03 percent and finished at 92.89. This represents the lowest reading since November
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeon 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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After fourth review SLA, build-up to May 24 Eurogroup begins
EconomyProgramme. The details may be ironed out by the May 24 Eurogroup but the International Monetary Fund will also
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