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  1. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    to last year’s performance, indicating that Greece remains on track to achieve a C/A surplus... in 2013. It is worth noting that before the crisis began, Greece’s C/A deficit stood at just under 15

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  2. Big drops of 9.3 and 17.5 pct for turnover and new orders in October

    Economy

    positive trend of the preceding three months. October’s performance reflects a substantial drop..., rose to a 51-month high of 49.2 in November suggesting better news going forward. “November’s survey

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  3. The Cyprus bailout is different, not only due to the bail-in
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    The Cyprus programme as agreed in March 2013 was different from the Greek and other eurozone bailouts in more ways than just the bail-in of uninsured depositors at the country’s two major banks... payouts to retiring civil servants are a real drain on the limited resources in the government’s very

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  4. Fraud probe at Hellenic Postbank a sign of bigger things to come?

    PoliticsGreek Politics

    charged with fraud over Hellenic Postbank’s unsecured loans by Papandreou include well-known... the bank’s activities that proves embarrassing or even damning for political and public officials

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  5. Greek banks' reliance on Eurosystem funding rose in December for first time since April

    EconomyMacroeconomy

    by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts. The hike in December... to total assets ratio below 15 percent by 2017, according to the troika’s latest guidelines. Latest

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  6. C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight

    EconomyMacroeconomy

    on the rest of the year. Before the crisis began, Greece’s C/A deficit stood at just under 15 percent... history and rising to about 2 percent in 2014. The key risk to the BoG’s short-term projections

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  7. It's not the distance; it's the load you carry
    Photo by Harry van Versendaal

    Agora

    having picked up by then. Recent developments regarding the latest troika review dampen Stournaras’s... is likely to prove detrimental as it prevents a crucial debate about the country’s future prospects

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  8. Narrowing of trade deficit slows in November as exports fall 22.5 pct

    EconomyMacroeconomy

    Greece’s trade deficit narrowed 2.4 percent to 1.54 billion euros in November, while the respective 11-month figure fell 12 percent to 17.86 billion, according to the Hellenic Statistical Authority... improvement of Greece’s Current Account (C/A) balance so far in 2013. Latest BoG figures show the C

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  9. Greece and troika: Bailout tranche, funding gap and debt relief still pending

    PoliticsGreek Politics

    over to help with Greece’s financing gap but the troika has reservations about this option... that discussions about reducing Greece’s debt will not begin in earnest until the summer. This means

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  10. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates...’ forecasts at broadly similar levels. In contrast, OECD and Moody’s expect a mild recession of 0.4-0.5

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