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European Commission review of Greek programme: The key points
EconomyProgrammeconditions and a strong fiscal performance in 2013. For 2015 onwards, the EC notes it is essential... parts of the general government, without specifying any amount. Greece’s net financing needs.... Tourism is likely to register another strong year, while the recent negative impact from transportation
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyin the first quarter of 2014 outperformed its target by 641 million mainly due to the exceptionally strong... exceeded their target by 356 million. The 3-month net revenues marginally retreated by 0.4 percent... billion, 823 million better than target. The exceptionally strong PIB revenues of 1.56 billion
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyby 3.9 percent to 18.57 billion. More importantly, the strong revenue performance in May eliminated... targeting a 1 percent rise in the full year figure. Despite the strong revenue rebound in May, the 5-month net revenues remained slightly lower year on year (-0.8 percent) to 17.3 billion weighed
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyof 4.71 billion recorded in January. The strong rebound is attributed to the payment of the first..., reflecting the strong revenue rebound in July. It is also noteworthy that the 7-month target included.... The outstanding figure stood at 5.24 billion at the end of June, implying a net increase of arrears at 591 million
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Greek cash deficit to July narrows 78.3 pct to 1.72 bln
EconomyMacroeconomyGreece’s central government net balance on a cash basis showed the deficit narrowing by 78.3... improvement compared to the 6-month underlying growth rate of 1.6 percent and is attributed to the strong... to the exceptionally strong PIB surplus of 1.86 billion posted in July 2013, while PIB posted a deficit
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Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
EconomyMacroeconomyhigh of 4.71 billion in January. The strong revenue rebound is mainly attributed to the payment... month on month in June. The net increase of arrears stood at 591 million in the first half of the year... attributed to the exceptionally strong revenues of 2.2 billion posted in the corresponding month last year
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Newsletter 27 - 22/05/2015
, the net impact on Greek banks would be broadly neutral. Macropolis understands that the marginal... haircuts, would put the banks’ liquidity position under strong pressure. Central government debt falls... minister Giorgos Stathakis. • Moreover, Anastasiades has repeatedly emphasised his strong commitment
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Building activity up by 6.2 pct in April for third straight rise
EconomyMacroeconomy, surface and volume recorded a drop by 6.3 and 3.6 percent respectively following a strong rise by more... Aegean (+150 percent), also reflecting a low base effect, while strong growth was also recorded... loans which displayed a contraction by more than 14 percent since the end of 2010 with net loan
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economygained 12.4 percent this week, largely due to the positive reaction on Thursday, following a strong... (+3.3 percent). On the other side of the spectrum, Eurobank recorded strong losses (-12.5 percent... on Wednesday a trading update for the second quarter (Q2) showing a drop in net interest and fee income
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Newsletter 59 - 22/01/2016
are the thorniest issues of the proposed overhaul of the pension system and have triggered strong reactions... their total tax and SSC burden to more than 80 percent of their net income. A joint committee... on it, there was strong evidence to believe one year ago that SYRIZA was doomed from the start. Forget
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