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PMI falls back into contraction territory in July, landing at 48.7 pts
EconomyMacroeconomyGreece’s manufacturing sector returned to contraction territory in July, according to data released by Markit on Monday. July’s PMI came in at 48.7 points following a slight growth in June... stabilizing in June. Markit remains pessimistic on the prospects of Greece’s manufacturing sector
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Athens watches Turkey-Russia rapprochement with interest
PoliticsForeign PolicyAthens has been closely monitoring Turkey’s attempt to mend fences with Moscow, a process... and Ankara will bring because of the latter’s deteriorating ties with the West. For most Western... Commission’s spokesperson Mina Andreeva recently said that “Turkey could be considered third safe
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Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 607 million euros to 2.38 billion...) figures showed on Thursday. It is worth noting though that this year’s figure includes repayment... is trimmed to around 700 million stripping out the arrears repayments and is almost half from last year’s
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Talk of refugee returns adds to stretched Greece's anxiety
PoliticsForeign PolicyGermany’s stance on the refugee crisis, amid fears of a worsening situation on Greek islands... Greece and Italy as of September 1, against a target of 160,000 by September 2017. Greece’s fears... to support de Maizier’s comment regarding the return of migrants to Greece under the Dublin agreement
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Uncomfortable questions regarding TV auction mount for coalition
PoliticsGreek Politicsauction. The government was criticised for not waiting for a final verdict from the country’s highest... that their request to question State Minister Nikos Pappas over the tender in Parliament’s Institutions...) and the conclusion of the process would likely strengthen Tsipras’s argument that he is the first Greek
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingthe minimum required 5-percent threshold for public disclosure. Attica’s assets stood at 3.67 billion... were recorded within 2015. According to the latest official data on asset quality, Attica’s non-performing exposure (NPE) ratio stood at 57.2 percent in March, well above the system’s average of 45.1
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After talks with lenders, Greece returns to list of tasks to secure next bailout payment
EconomyProgrammethe agreement on the nomination of HCAP’s Supervisory Board members and the transfer of a second group... reportedly rejected the government’s nominations so far. According to the technical memorandum... by the IMF. On Thursday the IMF spokesman Gerry Rice refrained from commenting on Katrougalos’s
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Greece slips five places to 86th in global competitiveness rankings
EconomyGreece’s saw its competitiveness drop five places to 86th in a list of 138 countries, according.... The country’s score remained stable at 4.0. Last year, Greece’s ranking in the Global... market efficiency (114th from 116th). Greece’s stage of development is similar to that of Europe
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus increased by 540 million to 3.22 billion.... It is worth pointing out that this year’s figure incorporates arrears’ repayment of 2.03 billion... from last year’s deficit of 2.5 billion. The breakdown displays revenues climbed 41.7 percent to 4.92
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Tsipras in Brussels prep for Obama trip
PoliticsGreek Politicsand Friday are with the EU’s Jean-Claude Juncker, French President Francois Hollande and Germany’s... to Athens by several days, adding more doubt to the government’s ambitious timetable. Before his meetings with European leaders, Tsipras gathered his government’s top finance officials to go over debt
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