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  1. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    and utilisation for liquidity purposes of pillar II bonds. The second non-budgeted item is the revenues... period. Thus, following primary expenditure, the PIB was the second key contributor to the fiscal

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  2. Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    The Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter in q1 2015, when it fell by 0.2 percent from 0.4 percent in Q4 2014... on the back of structural reforms. Exports Exports of goods and services contracted for the second consecutive

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  3. Greek credit contracts by 2.4 pct in April for slowest drop since 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    October 2011. The monthly flow remained negative for the second straight month with net deductions easing... for the second successive month. Balances reached 69.26 billion with net deductions broadly stable

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  4. Downturn in retail trade eases to 0.4 pct in March

    EconomyMacroeconomy

    dropping by 1.7 percent in February. The March rate is the second positive reading so far in 2015... on Thursday showed mixed trends for the second consecutive month. Consumer confidence declined

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  5. Newsletter 29 - 05/06/2015

    Newsletters

    elections (the second in less than six months) should be called. The exact purpose of such a move remains... European constituency. The second strategic error committed by SYRIZA consisted in assuming

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  6. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    of the week. At the time of the release of Q1 results in the second half of May, Greek banks... in the second half of last year. This was mainly evident in the housing loan segment, where borrowers

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  7. Greek government's proposals to bridge gap with lenders appear to fall short

    EconomyProgramme

    Along with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period... these relate to the institutions’ prior actions linked to the completion of the second bailout

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  8. The lenders proposals on debt and funding needs that Greeks will vote on in referendum

    EconomyProgramme

    easing from 172.8 percent in 2015 to 137.5 percent in 2020 and to 124 percent in 2022. The second... account to cover debt servicing (payment to the IMF of 1.6 billion due on June 30). 2) The second

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  9. An impossible choice

    Agora

    , the political authorities in Athens are at risk of defaulting to a second international creditor... process. But reopening the expired terms of reference of the second financial assistance programme

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  10. Greek trade deficit plunges by 24.2 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows

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