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Greek economic sentiment down in January but consumer confidence rises
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued retreating for the second straight month in January...). January’s figure is the lowest reading since February 2014 and indicates a cumulative drop of 7.5.... In addition, January’s reading stands 8.9 points lower from the high of 104.2 recorded in June 2014. Τhe
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Greek Manufacturing PMI down to 48.3 pts in January, reaches 15-month low
EconomyMacroeconomyAfter rising in the preceding three months, Greece’s Manufacturing PMI dropped by 1.1 points... was reportedly a factor behind the sector’s worsening performance”, while the drop of the headline figure below the 50-point mark “suggest that the causes of the sector’s malaise are more deep-rooted”.
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Prospect of eurozone deal calms nerves on stock, bond markets
Economyincreased trading activity. Following Tuesday’s performance, the Greek stock market recorded gains... billion. Banks also soared for the second successive day, rising by 18 percent extending this week’s... in the trading activity yesterday, today’s session showed increased investor interest
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Greek primary budget surplus halved in Jan as revenues miss target
EconomyGreece’s budget execution showed the primary surplus halving to 443 million euros in January from... balance, which showed a surplus of 367 million, down 40.7 percent from last year’s figure and 919... under Greece’s Economic Adjustment Program. Valavani also called on taxpayers to take advantage
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammereportedly requested to receive the 1.9 billion from the European Central Bank’s SMP profits... these instalments. Revenues Another obstacle to the state’s cash-flow in the short-term could arise... of previous year’s unpaid taxes. January revenues stood at 3.85 billion compared to a target of 4.8 billion
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeof the real estate market, social justice issues and any adverse impact on the government’s fiscal... to improve the terms to maximize the state’s long term benefits, generate revenues, enhance... not have any negative fiscal effect. Bear in mind that the estimated cost of the SYRIZA’s first
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeto publish the letter in full. The government’s intention is this list to be the first of a batch... with the aim to monitor the government’s fiscal policy, assess whether it is in line with the adopted... and also connect with KEPE, the government’s Centre for Economic Research. 2. The second reform involves
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeof the pending eurozone tranche of 1.8 billion or SMP profits of 1.84 billion. This week’s needs... the first tranche of this month’s obligations to the International Monetary Fund, which amounts to 299...-Bill rollovers of 3.2 billion, 1.6 billion in each of the coming two weeks. For April, the state’s
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The ECB's strict rules apply if you dare not comply
Agorathat the ECB is also Greece's central bank, having supplied over 100 billion euros to the country’s lenders... for interpretation and flexibility on the ECB’s part, if the bank so wishes. The Irish “promissory notes... of 2012 constitute three cases that challenge Draghi’s “rules” argument. The Irish case For a much
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammefor 2014 reached 0.3 percent of GDP, according to Greece’s Economic Adjustment Program (EAP) methodology... that last year’s fiscal performance was well below target. In addition, although February budget figures... for the implementation of this year’s fiscal consolidation. Back in November, the troika had insisted on a fiscal gap
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