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Greek PMI falls to 49.4 in June, lowest since November 2013
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.6 points to 49.4 in June from 51.0 in May, according to Markit... was slower than in May. Markit analysts concluded that: “Greece’s manufacturing PMI fell back below... in new orders underpinned the loss of momentum.” “Another negative development highlighted by June’s
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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
EconomyFollowing Wednesday’s press release revealing that Greece has mandated international banks... from “high-quality long-term” investors with foreign investors’ participation at 90 percent, today’s... reached 13.8 billion. The proceeds from Thursday’s issue will be used to cover debt maturities of 5.6
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Recovery of farming subsidies threatens to widen Greek fiscal gap
EconomyOne day after the completion of the troika’s discussions with the Greek authorities, ahead... the ECJ rejected Greece’s appeal against a 2012 ruling that deemed these subsidies as being... this year at 2.3 percent of GDP. Nevertheless, Greece’s MTFS targets for the next two years have shown
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Drop ‘til you shop
AgoraSunday opening) but let’s leave that aside. The argument behind Sunday opening, as put forward in other... of the sector changes over the years, so retail outlets should adapt to consumer’s demands. In practice... other people’s products rather than producing our own? If there isn’t an effort to tend
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Greek trade deficit up by 21.9 pct in May as exports sink further
EconomyMacroeconomyThe rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates... the impact of oil products, May’s imports showed an increase of 7.8 percent, while exports showed a rise
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End of troika in Greece would create new challenges for coalition
PoliticsGreek Politicsand desire to draw up a scheme that would meet with the EU’s approval. Signs of tiredness have been visible... by most voters - but agree on a new raft of structural reforms to achieve this. The coalition’s concern... and, in turn, convincing at least 180 MPs to support the coalition’s candidate in February or March, thereby
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Multi-bill passes but coalition's relationship with armed forces and police sours further
PoliticsForeign Policyconsequences when some of the law’s provisions start to take effect. Fifty coalition MPs voted in favour... are considering further legal action against the government. This leaves the coalition’s relationship... try to woo them in the months ahead adds a new dimension to this dilemma for Samaras’s party. Beyond
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyfor the third straight month to 3.33 million. This year’s peak was posted in February at 3.39 million... pp YoY, it remains exceptionally high at 53.1 percent. This year’s reading is the lowest over...) with almost half of the country’s population, the unemployment rate further eased to 27.8 percent
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New Democracy risks losing moderates with move for right-wing alliance
PoliticsGreek PoliticsNew Democracy’s attempt to form a broad right-wing alliance designed to prevent SYRIZA winning... Kyriakos Mitsotakis, one of the leading members of New Democracy’s moderate wing, suggested that he... outside the alliance isolated. Mitsotakis’s comments, however, raise the question of whether
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingratio further rose to 51.1 percent from 50.3 percent in Q1 and 43.4 percent last year. Eurobank’s... and stood at 10.4 billion at the end of August with zero ELA. The bank’s Common Equity Tier I (CET1) ratio...) recognised in Eurobank’s financial statements amounts to 3.3 billion euros. Ahead of the upcoming EU
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