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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomybillion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.
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Opposition tries to pin government down over last year's Plan X
PoliticsGreek Politicswith the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half... a range of government officials, Plan X was never intended as a blueprint for Greece to follow... by Galbraith. Tsipras has admitted in the past that he received advice on the possible consequences of Greece
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyThe rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion...). Overall, KEAO has collected revenues of 1.58 billion euros since 2013 with an acceleration
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Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
EconomyMacroeconomyfor a seventh consecutive month to stand at 812 million, declining from September’s figure of 999 million..., unchanged from September. Although the figure has increased substantially against last year's (75
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Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September, European Commission (EC) figures revealed on Tuesday. Sentiment has stayed above the 100-point mark... the index came to 99.8. Compared to October 2017, the ESI has risen by 2.5 points. Consumer confidence
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Study casts light on unusual export profile, identifies areas for improvement
EconomyFeaturesA study by the Dianeosis thinktank has shown that Greece’s export sector is hampered by public administration, structural barriers and introversion, and recommended several measures for both policy... exports. The report noted that Greece’s export profile was unusual in that exports represented a small
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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomymonths of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC... in 2017 and the monthly figure is the highest for the year. It is also the highest that ESI has reached... was agreed. During 2017, the ESI print has improved by 5.9 points, closing the year at a peak. Sentiment
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Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomyof Greece (BoG) figures showed on Monday. Meanwhile, net deductions significantly slowed to 101... months, the corporate sector has posted cumulative marginal net deductions of 10 million, while... stock by 24.7 percent. The biggest nosedive during this six-year period has been posted in consumer
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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomythe target by 35 million euros. Since September 2016, the state budget deficit has improved by 68.9.... For the nine-month period, revenues fell by 50.7 percent to 1.27 billion, missing the target by 101 million... in a row to come to 999 million euros, picking up pace from August’s figure of 520 million euros
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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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