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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyeuros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state budget and social security funds’ deficits of around 800 and 200 million respectively in May... billion euros at the end of May from 5.23 billion at the end of April, implying a modest drop of 1.8
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyThe seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged...). The evolution of the May headline figure reflects a 0.6 percent month on month (MoM) rise... in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyof 978 million. In particular for May, primary deficit stood at 597 million compared to a target of 246...) fell significantly by 23.6 percent in May to 2.92 billion, its lowest reading so far this year... target 1.05 billion in May. According to MoF, almost two thirds of the underperformance in May
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeof the measures would aim to lighten the tax burden but there may be pressure from some government officials to boost spending following the Mati disaster. All of this is subject to the discussions that Greece... to negligible amounts by this autumn, may contribute to this goal. According to the latest Finance Ministry
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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek Politics, local and European Parliament) in May, or a vote any sooner. Earlier, his coalition partner Defence... the deal or some kind of velvet divorce being agreed with ANEL. This is why May is seen as the most likely... for the Mati wildfire, whose death toll rose to 99 on Tuesday.
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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek Politicsfor SYRIZA in the last general elections. If the governing party can tempt them back, it may have... who have been charged with alleged negligence in connection with the fatal wildfire in Mati... of SYRIZA in the future, is the party’s highest-profile local government official. With one eye on May’s
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Warnings of post-holiday Covid surge, continuing wildfires store up risk for ND
PoliticsGreek Politicsvariant. Fires The government may have hoped to bring closure at a political level to this summer’s..., leans heavily on SYRIZA’s record based on the 2018 Mati fire in which more than 100 people perished..., and with a little luck it is a gamble that may pay off as takings from tourism are looking reasonably
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Newsletter 347 - 22/07/2022
their homes, have prevented the kind of death toll seen during the Mati fire, when more than 100.... This is a slowdown from the figure of almost 100,000 seen in May and much lower even than the pre-pandemic... than departures. Industrial turnover Industrial turnover had an impressive annual recovery in May
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent... Agency (ELSTAT). Similarly, retail volume fell 3.8 percent in May from a rise of 7.1 percent posted in April. The rate of drop in May retail turnover indicates the highest negative reading since
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Severe underspend covers lower revenues for end-May primary surplus
Economyof 597 million euros in May compared to a target of 246 million, reducing accordingly the year... in May by 1.04 billion, reversing the 4-month slight overperformance of 68 million... of the key budget figures, revenues (before tax refunds) resumed a downward trend in May for the first
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