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  1. IMF revises growth forecasts downwards, emphasising gap with other lenders
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    preliminary figures. The forecast for 2019 has been revised downwards slightly from the 1.9 percent figure included in the Stand-By Arrangement (SBA) request last summer. The Fund has improved its... has virtually halved this figure. The estimate for the current account has also been significantly

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  2. Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    three months of the year, Eurosystem funding has fallen by approximately 8.83 billion. The decline... funding has increased. In recent months, ELA funding has been steadily falling, with the latest.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined

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  3. Ministers urged to speed up reforms as Athens prepares for lenders to return
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    to the Prime Minister, Dimitris Liakos, has sent a new message to ministers asking them to speed up... much groundwork has been done on the 88 prior actions and that many of them can be ticked off.... A task force is currently assessing the new values proposed by evaluators. Once this phase has been

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  4. Eurosystem funding decline picks up pace to 3.26 bln in April

    EconomyMacroeconomy

    . In the first four months of the year, Eurosystem funding has fallen by approximately 12.09 billion... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined

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  5. Tsipras moves forward with name talks as domestic balance comes into focus
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    further discussions in our countries,” Zaev added. He emphasised that along with Tsipras, he has... turbulent political phase in Greece, where New Democracy has criticised Tsipras’s approach.... Following the two large protests against a deal in Athens and Thessaloniki, Tsipras has shown that he

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  6. Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing

    EconomyMacroeconomy

    (ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data has been available. February was the only negative reading since November. The corresponding volume... a brake on the ongoing recovery in retail confidence, which has been improving steadily since

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  7. Unemployment at 20.1 percent in March
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , the figure for those employed has risen by 74,890. Total employment remained above 3.7 million... has fallen by 101,576. The unemployed figure remains consistently below the million mark, standing... among women fell by 1.8 percentage points (pps) from last year to 25 percent. This figure has been

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  8. High level of opposition to Macedonia name deal seems to boost New Democracy’s ratings
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    name deal, which has received strong backing from European officials but is proving to be highly... about the political cost of settling a dispute that has lasted more than 25 years because he believes that most of his supporters will applaud him. Mitsotakis has opted for fiercely opposing the deal

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  9. IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
    Image via www.imf.org

    EconomyProgramme

    will incorporate the updated Debt Sustainability Analysis (DSA). The mission concludes that Greece has..., growth has returned and unemployment is on the decline while last week’s debt agreement... to build up capital buffers along with further steps to mitigate liquidity and funding risks. The IMF has

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  10. Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    index has remained positive for three out of the first four months of the year. February has so far..., February has been the only month this year that the volume index fell into negative territory. Compared... has improved by 16.4 points and has fallen by 2.1 points since the start of the year.

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