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Primary cash surplus quadruples to 2.09 bln in first two months of 2016
EconomyMacroeconomyGreece’s central government primary cash balance showed a 2.09 billion-euro surplus in the 2-month period of 2015, which is four times higher than last year’s figure of 503 million, Bank of Greece... percent to 7.78 billion in the first two months of the year. Last week’s budget execution figures, which
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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomyresumed an upward trend rising to 244,500 in Q4. The underemployed’s share of those in work also...) and education (8.2 percent). The most recent figures from the Labour Ministry’s information system ERGANI... reading since 2001. In addition, more than 45 percent of this year’s hirings relate to full-time
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Withdrawal of NGOs from refugee centres puts pressure on Greece to fill void
PoliticsForeign Policyof the crisis. Last week’s agreement between the European Union and Turkey on the so-called “one-for-one... at unofficial camps like the ones at the port of Piraeus and at Greece’s northern border in Idomeni... situation in Piraeus, combined with people’s fatigue and despair due to the border closures, has
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PMI rebounds 0.6 pts to 49 in March but remains below 50-point mark in Q1
EconomyMacroeconomyGreece’s Manufacturing PMI improved 0.6 points to 49 in March from 48.4 in February, Markit’s survey showed on Friday. The March headline figure points to a softer downturn in the manufacturing... to a contraction in Greece’s GDP in the first quarter of 2016,” Markit analysts concluded.
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Migrant arrivals to measure impact of return scheme launched on Monday
PoliticsGreek PoliticsGreece returned 202 migrants on Monday, the first day that the European Union’s plan for stemming.... SYRIZA has been reluctant to deploy this kind of force, which goes against the party’s ideology... in the country and limiting the number of people reaching central and northern Europe. The scheme’s impact
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PASOK and Potami seek common ground as Konstantopoulou prepares to return
PoliticsGreek Politics, such as the government’s stance regarding the International Monetary Fund. The socialists are also involved... and the Internet would play a significant role in the party’s formulation. The party, which will be called... considerable appeal among young Greeks, who overwhelmingly voted “No” in last July’s referendum
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Athens links extra measures with debt relief in search for review compromise
PoliticsGreek Politicsaiming for a Staff Level Agreement before Friday’s Eurogroup meeting. The Greek government gave mixed... Minister Alexis Tsipras met with key aides on Monday, the government’s position appeared less...’s cohesion in the face of having to pass the latest austerity package.
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Industrial turnover dives 15.1 pct in Feb on sharp drop in energy turnover
EconomyMacroeconomyGreece’s Turnover Index in Industry sank by 15.1 percent in February, from an upward revised 13.8... (+27.5 percent) and computers, electronic and optical products (+25.1 percent). Markit’s Manufacturing... to a contraction in Greece’s GDP in the first quarter of 2016,” Markit analysts noted.
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Greek-Turkish relations back in focus amid overflights and NATO chief's visit
PoliticsForeign PolicyTuesday. Kotzias’s decision to convene the council, which usually gives the minister the chance... breaches given the relatively weak position of the military under Recep Tayyip Erdogan’s presidency... moderate. Tsipras is no stranger to having to deal with Kammenos’s more aggressive line, which has
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyGreece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance Ministry’s final budget bulletin. The year on year (YoY) improvement mostly reflects a rise in revenues
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