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Tsipras: We demand the measures that will make the debt sustainable In a message to Greeces creditors via a newspaper interview published on Sunday, Prime Minister Alexis Tsipras said that Greece demands and expects that they take steps to make the countrys debt sustainable, with lower primary surplus targets after 2018.

Greek bank deposits drop in July after two-month rise

Business and household deposits fell by 160 million euros, or 0.13 percent month-on-month to 122.58 billion euros ($138.3 billion), their lowest level since November 2003. They had risen by 1.04 billion euros to 122.74 billion in June, Reuters reported.

Kedikoglou: government aims to manipulate the media

The governments goal in the TV broadcasting licences tender is to manipulate the media, main opposition New Democracy MP Simos Kedikoglou asserted in an interview with the ANA on Sunday.
TURKEY

Erdogan vows to "destroy terrorists" as forces step up offensive against IS and Syrian Kurds

Erdogan vows to "destroy terrorists" as forces step up offensive against IS and Syrian KurdsAfter months of deadly attacks across the country, Turkish President Recep Tayyip Erdogan has vowed to "destroy terrorists." In Syria, Turkish forces have ramped up their offensive against "IS" and Kurdish-led forces.
DEUTSCHE WELLE

German economy expands amid budget surplus

German economy expands amid budget surplusThe German economy has logged another quarter of expansion, the National Statistics Office has confirmed. It also said Europes powerhouse logged a decent budget surplus for the first six months of the year.
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Commission defends the reliability of Greek statistics on the countrys debt

The European Commission has defended the reliability of Greek statistics on the countrys debt, and called on Athens to counter misleading media reports that the data was falsified.

Coeure: ECB may need to bolster its monetary stimulus programs if governments fail to act to boost their economies

He criticised the current European structures as "not fit for the purpose of sustaining the single currency".

ELSTAT: General index for construction materials dropped in July

In terms of volume, private construction over the five-month period to May was down 21.2%.

Eurobank signs agreement with IFC

The program will allow Eurobank to boost its financial activity and competitiveness, with focus on export related businesses.

Head of Russian Railways says there are no claims on TRAINOSE tender

"HRADFs transport privatization program will help develop the sector and the overall economy. The letter was published on HRADFs website".

HFSF appoints interim executive members

Ch. Stratos, currently member of the General Council, and M. Charalambidis, currently senior HFSF executive, are appointed as interim CEO and Deputy CEO respectively.
EXONOMY
Central govt debt at Eur328 bn at end-June ’16

Central govt debt at Eur328 bn at end-June 16

The rise was attributed to the Eur7.5 bn disbursement by ESM of which Eur5.7 bn were aimed to cover debt repayments/servicing costs and Eur1.7 bn would be used for clearing of govt arrears.
GREECE
Greece seeks to reassure about poor revenue collection in July

Greece seeks to reassure about poor revenue collection in July

Sources from the Finance Ministry cautioned against extrapolating the July data to the rest of the year, while pointing out that ordinary revenue collection year-to-date remains cEUR420m ahead of the targeted amount.
DEUTSCHE WELLE
Brexit could be pushed back until 2019: report

Brexit could be pushed back until 2019: report

British newspaper the Sunday Times has reported that officials are warning of a potential delay in the UK leaving the EU. Prime Minister Theresa May is expected to kickstart negotiations soon.

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