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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyto lower net oil import bill largely on account of a temporary shutdown of Aspropyrgos refinery... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil...) was slightly offset by declining net transport receipts. In the 5-month period, travel receipts
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomyin September, Bank of Greece (BoG) figures showed on Thursday. The net lending flow remained negative for the fourth straight month, with net deductions rising to 412 million euros in October from 293... to 96.52 billion euros. Net deductions increased to 224 million from 51 million in September. Since
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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomy, the outstanding balance fell further to 190.79 billion euros. Moreover, the net lending flow stayed negative for the second straight month, albeit with lower net deductions of 205.8 million from 395.1 million in the previous month. The negative flow in June reflects net deductions of 132.4 and 97.7 million
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Wolfgang at the door
Agorabody and on the single currency as a whole. Some will argue that as the euro, still in its infancy... Schaeuble’s services to the single currency and Europe in general, these three factors are also... of a great European or that he will leave a lasting positive legacy as far as the single currency
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What's in an Irish border?
Agora, however, bears little resemblance to the dystopian images of that movie. The single market allows... explained that the UK wants to be out of the single market and the customs union once Brexit takes place... part of the village is in the Republic and the other in the UK. If the UK is out of the single market
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Moments to remember from the euro crisis
Agora. The precariousness of the Italian situation, and other threats to the single currency, are the best motivation... investors and bought politicians valuable time to tend to the cracks in the single currency. Like... factors pushing Italy towards the precipice, there can be no complacency within the single currency area
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Breaking up is hard to do
Agorawill be leaving both the EU single market and the customs union. At the same time, May’s government has... they keep open a land border between an EU member state and a country that is outside the single market... to the single market and the customs union after Brexit took place. Indeed, in the first draft
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Newsletter 203 -15/04/2019
in most OECD countries due to the provision of benefits to families, a single-earner family with two... was in second place for this category. In addition, the tax wedge for the average single worker in Greece rose... with children compared with the average single worker. In Greece in 2018, this reduction came to 3.1 pps
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OECD forecasts unemployment increase into 2021
EconomyFeaturesthe single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1... year. The rate of unemployment under the single hit scenario is projected to rise by 2.1 percentage... next year. Real GDP growth for Greece is expected to shrink by 8 percent this year under a single
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyof Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions... the past 12 months and is largely attributed to corporate lending net deductions of 801 million... the 100-billion mark for the first time since September 2007. Monthly net deductions increased to 246 million
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