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Newsletter 28 - 29/05/2015
tax rates of between 3 and 8 percent applied, yielded poor results. The first resulted
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Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004
EconomyMacroeconomybillion in the course of May, while the ELA cash liquidity buffer currently stands at 3 billion.
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Greek credit contracts by 2.4 pct in April for slowest drop since 2011
EconomyMacroeconomy-profit institutions slightly accelerated to 3.1 percent in April from 3 percent in March with balances
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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyat 21.5 percent despite its MoM jump by more than 3 pp. The European Commission (EC) spring economic
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyrate rose by 18 bps to 7.19 percent. Overall, the average loan rate in all loan sectors slipped by 3
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Lenders dismiss Greek proposals but SYRIZA also ups pressure on Tsipras
PoliticsGreek Politicsthe creditors want 3 percent. There is also a gap on revenues from VAT, with Greek adjustments
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Most services in Greece see turnover improve in Q1
EconomyMacroeconomyand accounting services (+11.9 percent). On the flipside, the 3 service activities that posted a drop in Q1
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomythe high level of unemployment by strengthening active labour market policies. 3) Implementation
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Greek stocks down by 11.3 pct for biggest weekly fall of last month
EconomyTelecommunication Organisation – OTE (-0.5 percent), Coca Cola Hellenic (-1 percent), GEKTERNA (-3 percent
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomyin the other Greek airports rose by a modest 1.6 percent in May following a 3 percent drop in April
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