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  1. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    ) drop mainly reflects an increase in the services surplus by 167 million euros, owing to higher net...) an improvement in the current transfers surplus by 149 percent to 3.65 billion euros, mainly owed to higher

    1%
  2. Europe missed an opportunity on banking union
    Illustration by Manos Symeonakis [http://www.cartoonmovement.com/p/6035]

    Agora

    recovery. European businesses, in contrast to those in the USA which mainly draw funds from the bond..., there will be no new lending or investment and unemployment will continue to leave a scar, mainly

    1%
  3. Deposits edged up in Nov but credit contraction was close to 4 pct

    EconomyMacroeconomy

    negative at 116 million, mainly on savings outflows of 969 million counterbalancing time inflows of 800... sharp drop mainly reflects higher interbank lending and lower funding needs on continued deleveraging

    1%
  4. Another dive for compensation in Q3 drags disposable income, consumption down
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of -8.8 percent. The ongoing downward trend mainly reflects a decrease in the compensation... 2009. Despite a targeted hike in property taxes this year, mainly related to the payment of past

    1%
  5. Deposits up again in December but credit contraction continues apace

    EconomyMacroeconomy

    in December is mainly attributed to seasonal reasons and was also evident in the last month of each... – slightly eased by 321 million mom to 190.46 billion in December. The recorded negative flow is mainly

    1%
  6. Greece sees Manufacturing PMI move into growth for first time since August 2009

    EconomyMacroeconomy

    . In contrast, the average purchase prices rose for the eighth time in the past nine months, mainly... during January. Stocks of purchases fell sharply again in January mainly reflecting the divergence

    1%
  7. Greek primary budget surplus doubles to 835 mln in Jan but below target

    Economy

    , mainly due to lower consumption taxes (down 8.3 percent), counterbalancing a modest increase in VAT... better than the target. The sharp drop mainly reflects a drop in grants to social security sector

    1%
  8. Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    flow in January mainly reflects payments of increased tax obligations of both households... of the preceding four years. The monthly flow is mainly attributed to sight outflows of 2.2 billion

    1%
  9. Drop in CPI eased in Feb but Greece still firmly in deflation territory
    Photo by MacroPolis

    EconomyMacroeconomy

    , the CPI eased 1.3 percent mainly on the back of an 18.8 percent drop in clothing and footwear prices... where prices eased by around 3 percent. The latter mainly reflects the reduction of the respective VAT

    1%
  10. EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target

    Economy

    by 680 million mainly reflecting the exceptional 1.56 billion of Public Investment Budget (PIB... noted that the year to date revenue shortfall stems mainly from temporary disruptions caused

    1%