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SYRIZA MP asks: Just how will we find the money?
PoliticsGreek PoliticsCritics have levelled the accusation at SYRIZA many times but the party’s veteran MP, Manolis Glezos, has broken new ground by being the first leftist lawmaker to express doubts about just where SYRIZA is going to find the money to fulfil its policy ple...
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Why tax evasion threatens to become endemic due to how Cyprus was bailed out
AgoraOne of the most difficult economic concepts for politicians to understand is the idea of dynamic equilibrium. Political economy is based on the idea that it is next to impossible to return to a past condition once expectations are altered. In "Freakonom...
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How Greek banks moved into a new era
AgoraThe core Greek banks reported first quarter (Q1) results in the last three days of May. The release of the results was the last act in a series of important developments for the Greek banking market over the past two months. These developments constitut...
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As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
EconomyMacroeconomyThe Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the great Crisis,” outlining the critical actions the BoG took between 2008 and 2013. The BoG's report was presented by the current governor George Provopoulos, who will a...
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
EconomyUnpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the tro...
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How Greek banks' capital needs could be reduced by 2.3 bln
EconomyCiting Ministry of Finance (MoF) sources, local media are reporting that the government is preparing a draft bill which will provide the legal framework for the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit. According to the propos...
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How snap elections in Greece fit into Samaras's strategy
AgoraSnap elections in Greece have been on the cards for a while. Every move made by the government in recent months (negotiations with the troika in Paris, the early bailout exit plan, calling a sudden vote of confidence and moving the date of the president...
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How SYRIZA says it will fund its economic policies
EconomyBeyond whether SYRIZA is able to secure debt restructuring and a renegotiation of the Memorandum of Understanding (MoU), one of the key questions regarding a leftist government would be about the funding of the 3-pillar programme initially revealed at t...
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A pause in uncertainty but for how long?
AgoraIs Friday’s agreement at the Eurogroup a good deal for Greece? In some respects it is but in more respects it is not. Above all, the four-month agreement leaves Greece walking an economic and political tightrope over the next four months without knowing...
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
EconomyFollowing its earlier recommendation to Greek banks not to increase their T-Bill holdings from their February 18 level, the European Central Bank general council decided on Tuesday to make this limit legally binding, according to reports. The initial de...
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