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Series of failures provide opposition with platform to put pressure on PM
PoliticsGreek Politicsafter poor performances in both national elections, eventually trailing New Democracy by more than 20... is the favourite among the four candidates, also led to SYRIZA looking mostly inward rather than outward... of northern Athens. The opposition party accused Mitsotakis of doing nothing more than offering his
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ND's electoral bill put before MPs as PM mulls options for president
PoliticsGreek Politicsclinch a qualified majority of more than 200 out of 300 MPs so that the new electoral law could apply... not have a majority and could need more than one coalition partner to form a government. This means... in May 2012 did the winning party win less than 25 percent of the vote, when New Democracy gained
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Minister's actions put PM on the spot as politicians' loans stir controversy
PoliticsGreek Politicsvalue of his property is far greater than the amount he borrowed. On Monday, Attica Bank also issued... owed more than 250 million euros, from 225 million in 2016. By contrast, SYRIZA’s loans stood at 6.2... more than 700,000 was outstanding in 2017. Georgiadis took out three loans totalling just over 665,000
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PM announces extensive measures to build on recovery, counter inflation and put govt on track
PoliticsGreek Politicsthat following the latest GDP data, the government now expects the economy to grow by 5.9 pct rather than... generous than reports over the last few weeks had suggested. It also included several measures that had... a parliamentary majority to any party gaining more than 39 pct of the vote through the awarding of bonus
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyalready put together a plan of gradual diplomatic actions that can be taken by Greece. The Greek side... on the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingfor the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1...-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... by more than 100 million to 33.1 billion. The bank noted that Q1 deposits were positively affected
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economy. Corporate news Alpha’s Q1 net profits more than doubled quarter on quarter to 48.1 million, while core pre-provision income rebounded by 1.2 percent to 305 million. Marfin Investment Group (MIG) showed... than halved to 13.1 million. Lamda Development reported a rise of 6.3 percent in Q1 net profits
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Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
EconomyMacroeconomyincreased by 2 percent to 35.26 billion, lower than the target by 305 million. PIB PIB revenues came... million in the first nine months of the year, 805 million better than the target.
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomypercent to 35.26 billion, lower than the target by 305 million. The MoF noted that the movement..., 805 million better than the target.
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The demand for Greek debt relief: Is the cart being put before the horse?
Agorabudget surplus (before debt servicing) in 2013 (earlier than predicted) and in 2014, albeit at a lower level in the past year than initially projected. Hence, one key condition of such a grand debt
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