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  1. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    point to a stronger performance of the tourism sector in 2015. The troika’s requests also included... Greece with a credit line would be discussed at the December 8 Eurogroup. At the gathering of eurozone

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  2. No green light from troika yet as Greece moves towards bailout extension
    Photo by MacroPolis

    EconomyProgramme

    call at some point on Wednesday to discuss all the open issues. Although details of the troika mail... on December 8)”, he stressed. He refrained from commenting on the possible solution for Greece

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  3. Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession

    EconomyMacroeconomy

    forecasts export growth to decelerate to 5.6 percent from an 8 percent anticipated for 2014... a downward revision by 1 percentage point since its previous estimate last November and reflects domestic

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  4. Economic sentiment, consumer confidence edge down in March
    Photo by MacroPolis

    EconomyMacroeconomy

    for the third successive month in March. Industry confidence dropped further by 1 point to -10.2, the lowest... reading since May 2014. Construction confidence recorded a sharp drop by almost 8 points to -40

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  5. Deposit rates stable, avg loan rate below 5 pct for first time since 2002

    EconomyMacroeconomy

    The interest rate on households’ new time deposits marginally increased by 1 basis point (bp) to 1.81 percent in February from 1.8 percent in January, according to the Bank of Greece (BoG... rate further fell by 8 bps in February to 2.36 percent, which is the lowest reading since 2002

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  6. IMF sees Greek growth at 2.5 pct in 2015, debt at 172.7 pct of GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    unemployment rate by 1 percentage point to 24.8 percent in 2015, with the jobless rate expected to fall... by around 8–10 pp each year, ending at 124.2 percent in 2020. Although the Finance Ministry recently

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  7. Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
    Photo by MacroPolis

    EconomyMacroeconomy

    liquidity buffer of 8 billion in Greece and 4 billion in its international operations. However... adding that for every 10 percentage point (pp) increase in the nominal haircut the ELA buffer is reduced

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  8. Income inequality in Greece has grown during crisis, OECD report shows
    Photo by MacroPolis

    Society

    the average household lost over 8 percent of its real net income annually, well above Spain, Ireland... over one percentage point to 9.4 percent. In Greece, anchored poverty more than doubled to 27

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  9. Building activity up by 6.2 pct in April for third straight rise
    Photo by MacroPolis

    EconomyMacroeconomy

    than 30 percent in March. The aggregate figures for the first four months of the year point... a decline by 8 percent fully reflecting the negative performance in most months of 2014. Surface recorded

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  10. Agreement on third bailout with revised fiscal and macro targets, host of prior actions

    EconomyProgramme

    to be settled. The new macro assumptions reportedly point to a recession of 2.1 to 2.3 percent in 2015... 2018. 7) Deregulation of professions such as engineers and notaries 8) Approval

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