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Greek inflation rate at -2.2 pct in June

The Greek economy remained in a deflation trend in June, with the consumer price index falling by 2.2 pct, after a 2.1 pct fall in May and an 1.1 pct decline in June 2014, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report, recorded monthly price increases in dairy-eggs (0.7 pct), fresh fruit (16.5 pct), cigarettes

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Greek trade deficit down 11.6 pct in Jan-May

The Greek trade deficit shrank by 24.2 pct in May as imports fell drastically in the month, pushing the country's trade deficit 11.6 pct lower in the January-May period, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a report, said that the value of import-arrivals totaled 3.583 billion euros in May, from 4.0 billion

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Greek insurance market grew in Jan-May‏

The Greek insurance market returned to positive growth rates in the March-May period this year, after a prolonged period of negative rates as a result of an economic crisis.

Official figures released on Tuesday showed that premium production grew 1.7 pct in the first five months of the year, reflecting an 18.2 pct increase in life insurance

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Foreign investors cut exposure in Greece stock market in June‏

Foreign investors reduced their exposure to the Greek stock market in June, with their share in the market’s capitalisation falling to 47.6 pct in June (including the participation of the Hellenic Financial Stability Fund), while excluding HFSF’s participation foreign investors’ share eased to 58.4 pct in June from 59.2 pct in May.

In June, foreign

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IMF says Greek debt is unsustainable, urges substantial debt relief

Greece will need substantial debt relief and 50 billion euros in new financing until 2018 in order for its debt to be sustainable, according to an International Monetary Fund (IMF) analysis released on Thursday.

"Using the thresholds agreed in November 2012, a haircut that yields a reduction in debt of over 30 percent of GDP would be required to

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Greek economic sentiment index fell to two-year lows in June‏

Greek economic sentiment index deteriorated further in June falling to 90.7 points, from 91.4 points in May, to its lowest level in the last two year, the Institute for Economic and Industrial Relations (IOBE) said on Thursday.

IOBE, in a monthly report, said this development did not include the latest developments with the imposition of capital

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Greek PMI fell to 46.9 points in June‏

Greece's Purchasing Managers' Index -PMI- fell to 46.9 points in June from 48 points in May, to its second lowest level in the last two years.

The index, compiled by Markit, remained below the 50-point level for the 10th successive month, reflecting a faster shrinking of both production and new orders by Greek manufacturers. Manufacturing

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