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Deposits drop by 607 mln in July, led by corporate savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shrunk in July with a drop of 607 million euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in July was 2.7 percent year on year (YoY), from 2.9
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Migratory flows and maritime rights create Libya conundrum for Athens
PoliticsForeign Policystatements of the Greek Prime Minister in Brussels provoked strong reactions to Turkey and Libya...The issue of Libya is a concern again for the Greek government and its diplomats. However, this time problems with Libya do not only concern the internationally-recognised government in Tripoli
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Dendias's Libya tangle cuts off Athens-Tripoli communication
PoliticsForeign Policy- and this was the purpose of the visit - to maintain a strong relationship with eastern Libya and therefore... planning his visit to Libya for some time, but due to several postponements the visit was finally... Council, Mohamed al Menfi, also Libya’s former Ambassador to Greece. When Dendias’s airplane landed
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Athens looks to bolster ties with African states, beyond Libya
PoliticsForeign Policyof this absence was the signing of the Turkey-Libya Maritime Boundary Treaty in November 2019, which served as a warning for Greece and the way it views Africa. Also, Turkey’s military presence in Libya and its... this framework, it is of utmost importance Greece’s participation at a high-level meeting on Libya organised
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Turkey's new Libya MoU prompts swift reaction from Athens, which mulls further moves
PoliticsForeign Policyand Turkey provoked strong reaction in Libya itself. There was criticism from the president of the Libyan... by Ankara. Last Monday, much to Greek frustration, Turkey and Libya signed a memorandum of understanding..., Egypt stands ready to make itself felt in the area either with an autonomous strong naval presence
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economybe 5.29 billion euros (from 4.6 billion before) and a budget deficit of 607 million (from 1.55... by 3.9 percent to 18.57 billion. More importantly, the strong revenue performance in May eliminated... targeting a 1 percent rise in the full year figure. Despite the strong revenue rebound in May
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyin Public Investment Budget (PIB) expenditure to 607 million euros from a cumulative figure of less than... straight. However, due to the strong underspend until July, the 9-month figure remains 2.7 billion below... target. PIB The PIB expenditure jumped to 607 million in September, which is by far the highest
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economylower levels (less than 600 million for each item) indicating a strong fiscal performance in June... fell 7.8 percent to 582 million. The 6-month PIB balance remains positive showing a surplus of 607..., beating the target by 282 million. In contrast, property taxes plunged 38.3 percent in June
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyeuros (from 4.6 billion before) and budget deficit of 607 million (from 1.55 billion). The upward... in April), which led the 5-month figure up 4 percent to 18.57 billion. In addition, the strong revenue... beating targets by 147 million. It should be noted though that the revenue target for May was rather low
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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... an institutional role. The government’s assertion that Plan X does not hide any dark plans
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