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

    EconomyMacroeconomy

    . This quarter’s performance reflects two contradicting trends: Exports of services soared 15.6.... Q3 in particular is traditionally the strongest quarter of the year and this year’s performance aided

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  2. Greek PMI up to 50.1 in August, employment and profitability still falling

    EconomyMacroeconomy

    Greece’s Manufacturing PMI resumed an upward trend for the first time since April, rising by 1.4 points to 50.1 in August from 48.7 in July, according to Markit. This was the first reading above... offsetting the preceding month’s decline. Intermediate and investment goods production rose in August, while

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  3. Greek primary cash surplus widens to 3.2 bln in 7-month
    Photo by MacroPolis

    EconomyMacroeconomy

    reflects the two tranches of 6.3 and 1 billion from Greece’s eurozone partners in April and July.... This development follows Greek bank’s zero reliance on ELA funding as of May. b) A decline in bank support scheme

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  4. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    and September, arrivals during this 5-month period made up 82 percent of last year’s arrivals. Following... passengers, this year’s target increases to 21.5 million. SETE also upward revised its 2014 projections

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  5. Current account surplus reaches 1.68 bln in July thanks to services
    Photo by MacroPolis

    EconomyMacroeconomy

    of Greece (BoG). However, last year’s figure included 1.5 billion euros from the first disbursement under... general government net transfer receipts, mainly from the EU. Non-resident’s direct investment

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  6. European Commission sees some progress in Greece's market reforms
    Photo by MacroPolis

    EconomyProgramme

    liability company (IKE) had a significant positive impact in Greece’s international ranking... to Greece jumping 110 ranks to 36th position among 189 countries, according to the World Bank’s Doing

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  7. Greek PMI drops into contraction territory in September, falling to 48.4 points

    EconomyMacroeconomy

    Greece’s Manufacturing PMI dropped 1.7 points to 48.4 in September from 50.1 in August, according to Markit. The headline figure’s decline below the 50-point mark, which separates growth from contraction, suggests a deterioration of business conditions at the end of the third quarter. The drop

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  8. Greek primary cash surplus more than doubles to 2.45 bln at end of August

    EconomyMacroeconomy

    by 11.4 percent in July. However, July’s performance is mainly attributed to the implementation... the three tranches totalling 8.3 billion euros from Greece’s eurozone partners and the IMF instalment

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  9. SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008

    Economy

    of SMEs is seen falling by another 40,000 to 614,000 in 2015. Greece’s profile in relation... principles, remains weak according to EC. In particular, there is not a single area in which Greece’s

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  10. Ahead of bailout talks, IMF chief raises doubts about clean Greek exit
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    PoliticsGreek Politics

    A Greek delegation is due to meet International Monetary Fund managing director Christine Lagarde on Sunday to discuss the government’s plans for an early exit from its bailout programme... Minister Antonis Samaras’s closest adviser Stavros Papastavrou is an indication of the value

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