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  1. Travel balance rises by 3.4 pct in Jan as expenditure out of sync with arrivals growth
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for the month, down by 3 percent, while payments also fell by 3.6 percent to 139.3 million... foreseen to increase by at least 1 billion euros and range between 14.2-14.5 billion in 2017, subject

    11%

  2. Tsipras suffers setbacks in bid to build momentum ahead of MoU exit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to the polls in the wake of reducing pensions (and possibly cutting the tax-free threshold for incomes) by 1... SYRIZA but leaving the conservatives 3 seats short of a parliamentary majority. As with other polls

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  3. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    a spending package to match the 1 percent GDP in pension cuts. The spending is earmarked for housing... are punishing. Greece has 3 people over 65 for every 10 of working age. According to the OECD’s projections

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  4. CPI up by 0.6 pct in May, second positive reading the year
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    by transport (+3 percent) and alcoholic beverages and tobacco (+1.5 percent). The three largest price declines were noted in clothing and footwear (-1.1 percent), recreation and culture (-1 percent

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  5. Newsletter 167 -22/06/2018

    Newsletters

    and amortisation means that Greece does not need to begin paying around 1 billion euros annually... over the 3 percent threshold for entering Parliament. In contrast, SYRIZA will see the ballot

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  6. IMF concludes Article IV consultation, prepares to publish DSA in July

    EconomyProgramme

    some elements of convergence in the long-term projections of Greece's growth to the 1 percent real... of GDP total financing needs. In the European baseline scenario of nominal growth of 3 percent

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  7. Industrial turnover up by 17.4 pct in June for highest rise in year so far
    Image via www.titan.gr

    EconomyMacroeconomy

    industrial groupings. Consumer durables contracted by 5.1 percent, followed by capital goods (-3... showed a substantial rise of 239.4 percent, while the mining of coal and lignite fell by 1 percent

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  8. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    ) of the year showed a loss of 55 million euros versus a profit of 3 million for the same period last... to 41.9 billion. On an aggregate basis, deposits rose by 1 billion euros. Capital The CET1 ratio came

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  9. Eurogroup suggests there is scope for pension cuts to be called off

    EconomyProgramme

    was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... 3 Eurogroup, cannot yet be ruled out. Although such resistance could not prevent Athens from

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  10. General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    rise was noted in extrabudgetary funds which went up by 3 million euros compared to July, while state... lending was unchanged and came to 2.38 billion euros, or under 1 percent of the total. Guarantees

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