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  1. The faces change, the issues remain the same
    Photo by MacroPolis

    Agora

    joy to the news on Monday that one inexperienced economics professor is replacing another... decorum to describe what happened behind closed doors” after the meeting. One unnamed official said... the outcome of the talks. One thing is certain: It won’t be a popularity contest. Nick Malkoutzis

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  2. Moody's downgrades Greek bond rating, sees chances of accident rising

    Economy

    Moody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1... by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s... with a roughly one in four probability of default over a two-year horizon. According to Moody’s, there are two

    4%

  3. This is how Greece kept its budget on track in Q1

    Agora

    the pre-election period as well the postponement of the VAT payment by one month had a marked impact..., the marked over-performance in March is to a large extent attributed to one-off or non-recurring... the Hellenic Financial Stability Fund (HFSF) on March 19 and relates to one-off fees Greek banks paid

    4%

  4. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    is one of several obstacles to a full deal between the two sides, according to Finance Minister... net impact on budget revenues from the proposed VAT overhaul but one of the measure’s goals... amount when one takes into account that VAT revenues reached 13.6 billion euros in 2014. Since

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  5. SYRIZA strife not a rebellion in the making yet
    Photo by MacroPolis

    PoliticsGreek Politics

    . Milios was one of several SYRIZA members to express concern about the direction the government... so now unless one of the bigger factions decided to revolt. That is why all eyes should... to be the only one that can create the kind of unrest within the government that would jeopardise any deal

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  6. Newsletter 27 - 22/05/2015

    Newsletters

    and insisted on Friday that any agreement would be in line with the party’s election pledges. The one... 2015. It issued a seven-year sovereign bond totalling one billion euros at a yield of four per cent... nevertheless one major Achilles heel. Despite all the rhetoric of decoupling and divergence, the links

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  7. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    ) to 245 million euros, mainly due to the elimination of several one-off items that burdened Q4 results... expenses dropped 23.2 percent on a reported basis, while excluding the one-off impact from.... One month later, Piraeus agreed to sell its entire stake (98.5 percent) in its Egyptian unit to Al

    4%

  8. Income inequality in Greece has grown during crisis, OECD report shows
    Photo by MacroPolis

    Society

    has identical incomes and 1 when all the income goes to only one person – income inequality... over one percentage point to 9.4 percent. In Greece, anchored poverty more than doubled to 27 percent and in Spain it almost doubled to 18 percent. The report said one of its “striking findings

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  9. Waiting for the hurricane
    Photo by Can Esenbel

    Agora

    and present a genuinely new path. This strategy had two aspects to it: One was to convince Greece’s... the last few months. In fact, if one looks at the unmeritocratic way public officials have been... to the point of debating the merit of these options, one has to consider the organisation and clear

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  10. Athens Stock Exchange ends week on a low, banks lose 9.7 pct

    Economy

    government’s decision to bundle June payments to the IMF into one at the end of the month... above the 100-million mark. The previous week, excluding the one-off impact from the MSCI and FTSE... reflecting some one-off items. Turnover improved by 29.2 percent to 46 million, while EBITDA showed

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