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  1. Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance

    EconomyMacroeconomy

    Greece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period... short of target. Primary expenditure’s over-performance widened further by 252 million euros in July... target. This is mainly the result of the government’s decision to delay payments of non-payroll

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  2. Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote

    PoliticsGreek Politics

    The leader of SYRIZA’s Left Platform, Panayiotis Lafazanis, got out of the blocks early on Thursday... SYRIZA will follow Lafazanis’s lead. There has been no indication over the last few days that a larger... and join Lafazanis’s movement or whether she will consider being part of a different initiative

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  3. Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009

    EconomyMacroeconomy

    Greece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4...-a-vis a modest decline by 1.6 percent for the euro area countries. Similar to the previous month’s... (-10.1 percent). Markit’s Manufacturing PMI for July tumbled to 30.2 from 46.9 in June recording its

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  4. Tsipras makes move to trigger swift elections but opposition stands in way
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Tsipras admitted that the new agreement with the country’s lenders was not what he would have wanted he... notable for the prime minister’s strong attack on the rebels within SYRIZA, who he essentially accused... campaign strategy, Tsipras positioned himself between the incomplete and untested ideas of SYRIZA’s

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  5. The targets and deadlines in Greece's privatisation programme

    EconomyProgramme

    was incorporated in the European Commission (EC) latest assessment of the country’s financing needs... value at 392 million). The next steps involve the transfer of the state’s stake to HRADF and assessment... Yiannis Dragasakis ruled out the sale of the state’s stake. 13) Public Power Corporation (PPC). The ADP

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  6. Newsletter 40 - 28/08/2015

    Newsletters

    to be included The Eurogroup statement of 14 August confirmed the government’s pledge to take decisive.... Having struck a highly controversial agreement with Greece’s European creditors, former prime minister... in 2015. The former prime minister’s political popularity will be challenged by voter fatigue

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  7. Even week for Greek stocks but trading thins out

    Economy

    but trading activity remained extremely thin throughout the week, with Wednesday’s turnover being the second... reading so far this year, amid a lack of investment interest. It is noteworthy that Wednesday’s...-quarter (Q2) financial results on that day. Aegean Airlines’s net profit came in at 23.1 million

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  8. Cabinet resignation on first day puts Tsipras's judgment in question
    Photo by MacroPolis

    PoliticsGreek Politics

    Dimitris Kammenos, who was made deputy transport minister. The lawmaker’s appointment stoked... and posts. The episode is a major embarrassment for Tsipras, not least because Dimitris Kammenos’s... similar situations further on down the line. Dimitris Kammenos’s presence in the government from the start

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  9. Greek stock market unmoved by election result, edges down 3.2 pct over week

    Economy

    The Greek stock market shed 3.2 percent this week in the aftermath of Sunday’s snap elections... to the bailout programme’s success remain high. The market traded on negative ground in the first four... Grexit risk also reflecting the company’s relatively solid operating performance in the currently

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  10. Greece near top of EU charts for proportion of population over 65 and 80
    Photo by MacroPolis

    Society

    released this week by the EU’s statistical arm. Eurostat figures showed that in 2014, 6 percent..., the EU’s 2015 Ageing Report said Greece’s population is projected to fall by almost a quarter by 2060...). The ageing of Greece’s population is due to people living longer as well as a fall in birth rates

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