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Lower yields for short- and long-term borrowing boost Athens
EconomyMacroeconomyThere was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T... of 2014, rising to just below 3 percent until June last year. Over the last few weeks, Greece’s long... that will cover Greece’s financing needs in the post-programme period through a combination of shorter- and longer
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomycollateral, participation of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE... in June 2015, banknotes in circulation have declined by 16.98 billion euros. April’s figure means... of the country’s banking system returns.
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Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammeon Tuesday, the head of the IMF’s European Department Poul Thomsen suggested that the Fund still has... next year’s pension cuts and the reduction of the tax-free threshold due in 2020. Speaking... for concluding the second review. From the government’s point of view, the Fund demanded them because
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Greek families shell out for education as state system falls short
Society’s constitution, education is free and state-funded. However, due to the sub-standard quality... of education for their children. Greece’s public education system performs poorly when compared... out, even these do not give a clear picture since they test a student’s ability to learn by rote
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Primary cash surplus at 7.45 bln in April on revenue growth, lower expenditure
EconomyMacroeconomyGreece’s central government primary cash surplus recorded a surplus of 7.45 billion euros... that revenues rose by 1.06 billion euros to 14.53 billion euros against last year’s total of 13.57 billion... of 210 million in March. This represents a worsening against last year’s deficit which came to 85 million
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Coalition eyes electoral change, polls show wide lead for New Democracy
PoliticsGreek Politicsthe government’s bid to change the electoral law, which will lead to the elections after the next... Parliament). However, it should be pointed out that Public Issue’s figures are not in line... is tackling the country’s problems, 79 percent have the same view of the main opposition, New Democracy.
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Greece and creditors reach SLA - legislation of reforms and debt relief talks next
EconomyProgrammethat this year’s ENFIA property tax would be calculated using the new “objective” values that were compiled by evaluators and which are being reviewed by the Finance Ministry. However, Saturday’s... comments after Saturday’s meetings in Athens, Tsakalotos also set out what needs to be done for all
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Industrial turnover up by 3.4 pct in March, positive for third month
EconomyMacroeconomyGreece’s industrial turnover increased by 3.4 percent in March after February’s growth was revised upward to 3.9 percent, Hellenic Statistical Authority (ELSTAT) data published on Monday showed... the negative reading of December 2017. The 12-month trailing index grew by 7.8 percent. The month’s performance
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High expectations and landmarks on road to privatisations in 2018
EconomyProgrammeGreece’s privatisation programme is a key component in the growth projections made... this programme are also a key contributor to the reduction of Greece’s public debt as such proceeds... of 2 billion euros this year and another 1 billion next year. Reaching this year’s goal will require
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Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
EconomyMacroeconomy, the corporate lending sector’s balance was also negative by 1 billion euros, while the household lending sector’s negative balance deepened by 149.3 million. Credit to non-financial corporations... to 57.97 billion euros. Consumer credit declined by 10.6 million in April, improving against March’s
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