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  1. Greek current account deficit rises to 709 mln in February

    EconomyMacroeconomy

    the latter incorporates a rise in tourist arrivals by 10.2 percent, The year-to-date C/A deficit stood at 1... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point

    12%

  2. Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
    Photo by MacroPolis

    EconomyMacroeconomy

    the target. For 2016, the fiscal gap amounts to 1.93 billion (1 percent of GDP), with the primary... remaining broadly flat in 2015, social security contributions are anticipated to surge by 1 billion

    12%

  3. CPI down 1.3 pct in April as Greece remains in deflation for 14th month

    EconomyMacroeconomy

    of the respective VAT rate by 10 percentage points as of August 1. In contrast, health coupled with alcoholic... of 0.3 percent in 2015. On the flipside, OECD latest forecasts point to a stable deflation close to 1

    12%

  4. Jobs, hundreds of thousands of jobs
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    the troika’s cosh for exactly four years. The most devastating cost has been the loss of 1 million jobs... years will be reduced by over 1 pp for every pp of growth. The problem here though

    12%

  5. Bookies see clear win for SYRIZA in EU elections but not in local vote

    PoliticsGreek Politics

    with the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first... to 4.30 for the SYRIZA candidate Gavriil Sakelaridis. In the first round, their difference stood at just 1

    12%

  6. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    points QoQ to 109 percent. Eurosystem funding narrowed by 8 billion within Q1 and by a further 1 billion... Core Tier 1 (CET1) stood at 14.4 percent. Taking into account the negative impact from

    12%

  7. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    revision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... period. This implies an average figure exceeding 1 billion per month. Although the April figure of 763

    12%

  8. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    positive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor... that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43

    12%

  9. Unpaid taxes keep rising, tax audits short of targets

    EconomyMacroeconomy

    tax debt of 1 billion by the end of June. The same target of 1 billion has also been set

    12%

  10. Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
    Photo by Harry van Versendaal

    Society

    in 2008. It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent... by 0.2 percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit

    12%