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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyof 132 million euros in March almost 80 percent lower than last year. However, the Q1 PIB surplus
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Greek 2015 primary surplus at 0.7 of GDP under programme method as Athens looks for boost
EconomyMacroeconomybillion euros. The vast majority of this (more than 244 billion euros) consists of long-term loans
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Significant fall in migrant arrivals but camp conditions a growing concern
PoliticsGreek Politics, remains in the early stages of implementation. Less than 350 refugees and migrants have been
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgramme(1.56 percent of GDP) by 2018. More than three-quarters (2.11 billion) of this relates to cost savings
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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsmechanism that will lead to across-the-board cuts, rather than targeted interventions. Their preference
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Marginal deposit inflows of 55 mln in March
EconomyMacroeconomymark to 9.88 billion, with more than half (5.23 billion) related to central government, while
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingreceived from banks fees for the use of Pillar II and III bonds of more than 1.4 billion euros
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Substantial ground for Greece and lenders to cover before May 9 Eurogroup
PoliticsGreek Politicsand on the spending side, rather than allowing Athens to hike taxes again to cover any shortfall. Greek
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Delays in concluding programme review are credit negative for Greece, says Moody’s
Economy, while budget net revenues were 0.6 percent lower than their target in the first quarter, the rating
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Greece looks for support as expectations for May 9 Eurogroup lowered
PoliticsGreek Politicsin measures now rather than rely on an automatic fiscal brake that would trigger across-the-board cuts
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