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Tsipras and lenders leave themselves with fading chances of salvaging deal
PoliticsGreek PoliticsTalks between Greece and its lenders resume this week from a much worse starting position than... feels a deal is “closer than ever.” The prime minister’s speech did not appear to be that of a man who... more painful the measures proposed by Tsipras (not lenders) are than the ones the previous New
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Improving car sales in Greece continue with 27.9 pct rise in May
EconomyMacroeconomyover the past 4.5 years (since January 2011). The bulk (more than 85 percent) of road motor cars stem.... The Attica prefecture registered more than 53 percent of the country’s road motor cars, which stands... by 70 percent on the 2008 figure of 347,354. This largely reflects a sharp drop by more than 30 percent
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politics, which reportedly believes the heavy reliance on tax rises for a fiscal adjustment of more than 7... to 23 percent. The Fund also wants 400 million euros of spending cuts rather than the 200 million... deadline is reached), then Tsipras will have to submit the draft legislation by no later than Sunday
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsthan 500,000 euros in profit, in place of the spending cuts. Tsipras could argue that this means his... are willing to offer and if it will be any clearer than the commitment given to Tsipras’s predecessor... Democracy, it is unlikely that he would choose to do so. As his government has served for less than 12
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... landed at 797.52, more than offsetting the losses of 11.3 percent recorded in the previous week. All... strongly rebounded by more than 33 percent, reversing the losses of 17.7 percent posted in the previous
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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomyand posted high volatility in the succeeding months until June 2012. Since then, it had risen by more than... the drop by more than 16 points on the last four months, the year to date balance remains positive... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyof competition was the key reason for the broadly unchanged rate. In 2012, there were more than 15 banks..., it remains more than double compared to the eurozone average rate of 0.88 percent and steadily above.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than
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Yes to the referendum, no to the way it's being held
Agorarealistic and constructive proposals for exiting the crisis rather than simply raging against elites... pernicious than its budget deficits, including citizens in the decision-making process is a welcome tonic... the referendum as a political exercise for his own benefit rather than that of all Greeks. Also, basing
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Tsipras has until Sunday to keep Greece in euro, must pass measures immediately
PoliticsGreek Politicsbe tougher than the ones on the table a couple of weeks ago. A third bailout would also be put... theoretically rejected by more than 61 percent of voters in Sunday's referendum. The two factors that might help... and that after Sunday's convincing result he is more powerful in domestic political terms than ever
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyin the past four years (since May 2011). Passenger cars, up 22.1 percent to 11,040, make up more than 86... to around 83 percent of total. The Attica district registered more than 57 percent of the country’s... on the 2008 figure of 347,354. This mainly reflects a marked decline by more than 30 percent per annum
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