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  1. Greek C/A deficit to July narrowed to just 156 mln with boost from tourism

    EconomyMacroeconomy

    , on a hike of non-resident arrivals by 14 percent yoy to 3.26 million. Furthermore, the respective... at the end of May called for a C/A deficit at 3 percent of GDP in 2013 and to hover around 2 percent in 2014

    13%

  2. How Greek banks could cut 2014 financing gap with a bond rollover
    Photo by Can Esenbel [www.mundanepleasure.com]

    Economy

    In an interview with Naftemporiki daily on October 14, Greek Finance Minister Yannis Stournaras identified two key sources that could reduce – if not eliminate – the emerging funding gap as of July... the mandatory conversion after 5 years by an increase in the fixed return by a 2 percent step-up after

    13%

  3. Nobody has less confidence in their government than the Greeks, OECD finds
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    findings from the OECD’s report, which was published on November 14, as they a have particular... government powers and fundamental rights are least guaranteed. 2) Size of civil service

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  4. Social support in Greece not adequate enough to deal with crisis, says OECD
    Photo by Harry van Versendaal

    Society

    not reversed the 5-year-long decline in employment levels.” 2) The rise in unemployment At 49 percent... in real terms, compared to a 14 percent real-term increase in the average OECD country. Despite

    13%

  5. Retail index fell by 2.2 pct in Feb but trend improving

    EconomyMacroeconomy

    in department stores exceeded 21 percent in terms of turnover and 14 percent in volume, followed... with a 1.6 percent rebound, with consumption growth seen close to 2 percent in the succeeding three years.

    13%

  6. Greece lays out plans for debt relief from eurozone
    Photo by MacroPolis

    EconomyProgramme

    , corresponding to 14 percent of current GDP, over the 50-year period. Currently GLF interest hits Greece... to approve the next tranche for Greece (the last disbursement of 1.71 billion was made on August 2, 2013

    13%

  7. Significant post-election economic challenges await Greek coalition

    Economy

    ) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... by at least 1 pp this year and a further 2 pp in 2015. In contrast, the OECD projects a slower reduction

    13%

  8. Greece's new finance minister lines up for a marathon (and several short sprints)

    PoliticsGreek Politics

    years. This could result in total savings of 25 billion (14 percent of GDP) over the 50-year period..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp

    13%

  9. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    for the group and to 114 percent for Greece. The latter is expected to improve by 2 percentage points... funding fell by 2.5 billion euros QoQ to 13.2 billion corresponding to 14 percent of assets. Note

    13%

  10. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    percent growth in private consumption and a 2 percent decline in public consumption. Gross fixed... that gross fixed capital formation slipped 4.2 percent in H1, this specific target - which made up 14

    13%