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  1. Services help increase Greek current account surplus to 1.37 bln in June

    EconomyMacroeconomy

    and exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... in the net oil import bill and the trade deficit excluding oil and ships. On the flipside... respectively. According to the BoG, the evolution of trade deficit was affected by increased net

    5%

  2. Rate of credit contraction rises to 3.7 pct in July, balances fall
    Photo by MacroPolis

    EconomyMacroeconomy

    in July from 214.81 billion a month ago. Monthly net deductions rose to 1.16 billion euros in July, which is the highest monthly reading since May 2013. In June, net deductions stood at 324 million... net deductions rose to 322 million in July from 128 million in June. The July figure along

    5%

  3. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    net oil bill. At the same time, the decrease in the services’ surplus mostly reflects lower net sea... net dividend payments and improved general government balance respectively. The aggregate figures... to a remarkable decrease in the net transport receipts attributed to capital controls. In addition, travel

    5%

  4. Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    1.7 percent in September, Bank of Greece (BoG) figures displayed on Monday. The monthly net deductions stood at 308 million euros in October, from 355 million in the previous month and reflect a net... reading since June 2007. Overall, the ongoing loan deleveraging of Greek banks has resulted in net

    5%

  5. April current account deficit at 1.34 bln as goods deficit grows
    Image via www.moh.gr

    EconomyMacroeconomy

    . The BoG stated that the worsening of the goods balance deficit was attributable to a higher net oil... net travel receipts. Travel receipts rose by 7.2 percent to 1.62 billion in April, meaning... in all main subcategories. The goods deficit was driven mainly by a higher net oil import bill, while

    5%

  6. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    impact of 324 million). Net profits in Q2 came to 82 million versus losses of 232 million in Q1... a net profit of 465 million euros from continued operations in H1, compared to 245 million euros in H1 2019. On a quarterly basis, net results showed a profit of 58 million euros in Q2, dropping by 86

    5%

  7. A fierce political clash over medicine prices in Greece

    PoliticsGreek Politics

    last year a total of about 5.5 billion euros on some 6,800 drugs available on the local market.... Of the 5.5 billion spent in total last year, more than 900 million (almost 17 percent) was on generic

    4%

  8. Coalition wins crucial votes but at a price as SYRIZA leads polls
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    11.5%, PASOK 5.5%, Communist Party 5.5%, Ind Greeks 4.5%, DIMAR 3% #Greece — MacroPolis (@MacroPolis_gr

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  9. Greece said to eye exit plan with precautionary support but no new MoU
    Photo by MacroPolis

    EconomyProgramme

    . Since early September, the 10-year Greek government bond yield has jumped from around 5.5 percent... debt by 5.5 percent of GDP. Along with any debt relief measures agreed with the eurozone

    4%

  10. Appealing to dual audiences compounds mixed messages from SYRIZA

    PoliticsGreek Politics

    for @skaigr SYRIZA 33.5 ND 27 Potami 7.5 KKE 5.5 G Dawn 5.5 PASOK 4.5 Ind Greeks 3 Papandreou 1.5 Other 4

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