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Where we stand in the Greek bank recapitalisation process
Economythen, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism... and, according to the August Eurogroup statement, “no later than 15 November”. Since capital needs
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Refugee influx pushes Tsipras towards crisis nexus
Agoraarrived in 2014 but already this year there have been more than 400,000 arrivals. On Friday, IOM.... Housing, feeding and keeping people warm carries a much higher cost than scanning their fingerprints.... In this sense, the migration crisis may prove a greater challenge than the economic one for Tsipras
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Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
Economythan 20 percent in each of the preceding two weeks. In contrast to the prevailing sentiment after... shares are down by more than 15 percent. Bank shares rebounded by 31 percent this week mainly.... Despite the outperformance they are still down by more than 68 percent in the post-capital controls period
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Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln
EconomyGreece’s new unpaid taxes rose by 1.47 billion in September, which is more than the double the 645... to 80 percent of the annual target of 1.7 billion euros. This suggests a slightly better-than-target... revenue figure reached 282.3 million, corresponding to more than 76 percent of the annual target
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Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras
PoliticsForeign Policy, particularly Aegean islands, which have seen more than 500,000 arrivals by sea this year... Minister for Migration Policy Yiannis Mouzalas argued that this was a much better outcome than other... private apartments or homes, for 30,000 refugees. This is a much higher number than the migrants
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Greece most socially unjust country in EU, study finds
Societymaterial deprivation for children and youth in Greece, more than double the 2009 figure of 9.7 percent... deprivation has more than doubled from 9.7 percent in 2007 to today’s 23.8 percent.” While Greece ranks... olds has more than doubled since 2008 to 52.4 percent (again, by far one of the highest rates
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In Erdogan's shadow
Agoraaware that he is in the box-seat. The Turkish president is also a much better negotiator than his... to reallocate them from its soil rather than having traffickers heaving them across the Aegean to Lesvos... been in spite of the obstacles they face rather than because of the assistance they have received from
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Car sales down by 13.8 pct in Oct for the second fall this year
EconomyMacroeconomy98,000 so far this year from less than 86,000 a year ago. Passenger cars recorded a broadly similar... 81,000 making up almost 83 percent of road motor cars. After a nosedive by more than 30 percent per... and a strong rebound by more than 30 percent in 2014. Nevertheless, the 2014 figure of 102,359 indicates
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NBG strengthens capital at deep discount, falls short of initial target
Agoraeuros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested... price of 0.32 euros. NBG's discount is also materially higher than that of Alpha (34.4 percent...:15) since the offer price cannot be lower than the minimum price of 0.30 euros allowed by law
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Current account surplus widens to 838 mln in Sept on shrinking goods deficit
EconomyMacroeconomydeficit (by 13 million). This more than offset a worsening of the services surplus (by 502 million... improvement is fully attributed to the goods deficit shrinking by 3.66 billion euros, which more than... in imports (-13.8 percent) than that of exports (-6.8 percent). In absolute terms, the goods deficit fell
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