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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement reveal...
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Primary cash surplus almost halves to 1.1 bln in 2-month
EconomyMacroeconomyGreece’s central government primary cash surplus fell to 1.11 billion euros in the 2-month period of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday. This year’s figure includes arrears’ repayments of 78 million. However...
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin. As we noted in the preliminary figu...
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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomyThe deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday. As a result, the outstanding balance...
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Newsletter 229 -22/11/2019
and the overall confidence levels in the economy, coupled with the expansionary nature of the tax cuts will push the economy up by 2.3 percent in the EC’s view, which is under the 2.8 percent forecast... so far Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros
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Newsletter 437 - 18/10/2024
PoliticsAndroulakis aims to build on new mandate as PM takes on far rightNikos Androulakis... of the smaller far-right parties, which tend to attack Mistotakis over issues such as migration and foreign.... Opinion polls carried out since June have confirmed that there is a significant far right current
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EC report notes economic imbalances and outlines remedies
Economyin the country’s economy and outlined ways in which these can be addressed. The in-depth review... Report, found a number of imbalances in the economy. The most significant of the macroeconomic imbalances... the country vulnerable to adverse shocks with potentially harmful implications for the real economy
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Tsipras launches attack on New Democracy as reactions to lockdown mount
PoliticsGreek Politicson the pandemic and the economy and accusing ministers and government officials of acting without... “aspirins” to the real economy. He claimed that only 10 billion euros made it to the real economy.... The government’s “biggest crime against the economy”, according to Tsipras, was the decimation
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Newsletter 295 - 07/05/2021
to two key sectors of the Greek economy: tourism and food service. Apart from being key employers... circumstances, contributes more than 1.5 billion euros to the national economy. Most of its sales..., as “troubling”. New Democracy will be hoping that the reopening of the economy, especially the tourism
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Newsletter 41 - 04/09/2015
as he has so far to giving the green light to an alliance with PASOK by suggesting that it might... for the remainder of the year include the payment of vehicle tax, estimated at 1.1 billion and usually paid...? Perhaps, though, the one key question that has not been answered so far (and is unlikely to be answered
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