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  1. Referendum call stretches state liquidity, pensioners first to bear the brunt
    Photo by Damian Mac Con Uladh

    EconomyProgramme

    The imposition of capital controls accompanied by a bank holiday for 6 working days starting from June 29 until July 6 had a series of negative repercussions on the life of Greek citizens and the economy. One of those that were mostly hit were pensioners. The bulk of main pensions, mainly related

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  2. Final push for "Yes" and "No" campaigns as referendum result hangs in balance
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Rallies for both the “No” and “Yes” campaigns ahead of Sunday’s referendum are due to take place in parallel in Athens on Friday evening, illustrating perfectly the polarisation in Greek politics and society ahead of the vote. All indications are that Sunday’s result will be in doubt at the last

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  3. Strengthened Tsipras shows willingness for deal with lenders after "No"

    PoliticsGreek Politics

    to the European Central Bank, on which the Greek government is utterly reliant if it is going to have

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  4. General gov't cash primary surplus to May halves, arrears keep rising

    EconomyMacroeconomy

    amounts taking into account only those that are in fact guaranteed by the Greek state. Thus, May

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  5. Industrial production down by 4 pct in May after three successive rises

    EconomyMacroeconomy

    After rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far

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  6. After marathon in Brussels, short sprints for Tsipras in Athens
    Photo by MacroPolis

    PoliticsGreek Politics

    After his marathon in Brussels, Greek Prime Minister Alexis Tsipras now has a series of short sprints to run in Athens as he tries to swiftly pass the legislation demanded by lenders, while ensuring that his government can continue functioning. Draft legislation introducing four sets of reform

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  7. This is what's in the legislation Greece has to approve by Wednesday night

    EconomyProgramme

    percent, higher than the latest Greek and institutions’ proposal calling for an increase to 28 percent

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  8. Tsipras suffers serious knocks in prior actions vote but emerges on his feet
    Photo by MacroPolis

    PoliticsGreek Politics

    Greek Parliament approved early on Thursday the first set of prior actions demanded by the country’s lenders but almost 40 SYRIZA MPs failed to support the measures, leaving Prime Minister Alexis... leads the Left Platform (which voted en masse against the bill), said after the vote that he

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  9. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    The first draft bill with prior actions that was voted in the Greek parliament early on Thursday included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while a reduced rate of 13 percent and a super-reduced of 6 percent (from 6.5 percent before) were also applied

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  10. Disposable income up by 2.6 pct in Q1 for highest reading since 2009

    EconomyMacroeconomy

    Greek household disposable income rose for the third successive quarter in Q1 of 2015, when it increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT). The growth rate in Q1 is the highest positive reading over

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