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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyimports (-4.9 percent) and broadly stable exports (+0.1 percent) more than offsetting the nosedive in investments by 10.6 percent. The released figure is 0.1 percentage points (pp) higher than the flash..., higher than the flash estimate of 1.4 percent, from an upward revised 0.6 percent in Q1. Due
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomythan offsetting a revenue shortfall of 4.22 billion. Budget deficit also considerably narrowed by 61.2... to 24.72 billion, 2.8 billion better than target. The bulk of this outperformance was mainly created in 3 months (February, March and June), when expenses were 2.1 billion lower than target and coincided
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Tsipras is at his strongest, but for how long?
Agorabe preferable for them to implement the bailout rather than SYRIZA. Then there is the issue of Tsipras’s... on the more tangible aspects of yesterday’s victory. The margin of SYRIZA’s victory was bigger than... is 20 points lower than the proportion of voters who cast ballots in the 2004 elections. Also
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomy. As a result, the travel surplus rose at a higher pace than receipts, by 5.2 percent to 2.71 billion from 2.57... percent), to 11.97 million more than offsetting a decline in the average non-resident travel.... If confirmed, this would mean 2 million higher arrivals than last year’s figure of 24 million
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Greece near top of EU charts for proportion of population over 65 and 80
Societyend of the scale, Estonian women at 65 can expect to live 5.1 years longer than men of the same age...) and Hungary (17.3 point difference) were over 65s less likely than the rest of the population... generally less likely to be at risk of monetary poverty than for younger people, of which 25.1
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Newsletter 45 - 02/10/2015
than 15 November”. Although current estimates point to a lower level of official sector participation than the already disbursed first bank-related tranche of 10 billion, it is clear... into the party to freshen it up. However, Tzitzikostas, who at 37 is 10 years younger than Mitsotakis
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomya fiscal deterioration of more than 800 million year on year (YoY). The worsening performance mainly...) and by 152 million only in July to 753 million corresponding to more than 13 percent of total arrears... and make up more than 20 percent of total. The other three gg entities showed a modest increase
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economybanks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while... loans were kept almost flat QoQ at 52.8 billion, while deposits dropped by more than 11 percent QoQ
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Whither New Democracy?
Agoraof the coalition’s failings – is unfit to govern. After all, a party that takes more than three weeks to decide... principles were drafted more than 40 years ago and the party needs to find a new relevance in a rapidly... than Alexis Tsipras, which satisfies those within the party who feel they need to be led by someone
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The key points in Greece's new bank recap bill
Economythan 50 percent of capital increase, then HFSF will have restricted voting rights. A subsequent... shareholders will be determined via a book building process and cannot be lower than the price of HFSF’s participation. In addition the issue price of the capital increases may be lower than market
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