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  1. Greece in 2014: Where are we?
    Photo by Can Esenbel [www.mundanepleasure.com/]

    Agora

    . For example, how can the primary surplus be the standard bearer for "Grecovery" when more than 3... has widened to nearly 10 billion euros and less than half of the funds allocated for social... this rather than the much-vaunted export boost that the country's internal devaluation programme

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  2. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    Why has the Cypriot economy faced a smaller than anticipated dip for 2013? What is the relevance... and services. The speed of this process of internal devaluation has helped facilitate a smaller than... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits

    2%

  3. Building activity continues to crumble, falling by 20.7 pct in Feb

    EconomyMacroeconomy

    percent respectively, more than 10 percentage points greater than the country average. Building activity... declined by 24.2 percent, which was slightly lower than the country average. Attica’s share of total... that is three times higher than the GDP contraction over the same period. The evolution of housing loans

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  4. Greece stuck in the long tunnel of political transition
    Photo by MacroPolis

    Agora

    alliance took just over 8 percent of the vote. It was slightly more than expected but PASOK still attracted about 300,000 voters fewer than it did in the national elections of June 2012. This, along... about SYRIZA dragging Greece back to the dark ages rather than about the government pulling the country

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  5. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    firms are setting their prices following those of the competition rather than adjusting them... in Greece reached 21,930 euros, lower than that in Slovenia (24,472) and Cyprus (22,740... wages correspond to two thirds of the average of the 15 most advanced EU countries, stand lower than

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  6. Greece sets out plans for settling SME NPLs; mortgages to come

    Economy

    to small businesses (SMEs) and sole proprietors with annual turnovers of less than 2.5 million euros... from the new legislation, which could help them retain more than 350,000 jobs. Very small and small... of total bank claims against the firm. If this is less than 50 percent, than the amount of bank

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  7. Greek primary cash surplus up to 3.1 bln in September but state arrears also rise

    EconomyMacroeconomy

    billion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month... mechanisms for 2013 in the larger healthcare provider (EOPYY) rather than a drastic cut in the creation

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  8. The rise of a "Spanish SYRIZA" transform’s country’s politics
    Photo by Podemos Uviéu via Flickr https://flic.kr/p/nyP4KA

    Agora

    in a TV debate. As a result, Iglesias has 100,000 more followers on Twitter than the Spanish prime minister, Mariano Rajoy, and seven times more than the secretary general of the PSOE, the young Pedro... and is still larger than the sum of both parties’. But that is not what its rivals envy most: Podemos has

    2%

  9. Greek loan rates remained well above euro area average in October

    EconomyMacroeconomy

    a sharper decrease by more than 200 bps. The deviation between the YtD decline of time deposit rates... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still remains well above the 1.12 percent average rate in the eurozone and more than 60 bps higher than

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  10. Newsletter 7 - 12/12/2014

    Newsletters

    of the presidential vote has two distinct advantages. By holding the ballots on December 17, 23 and 29, rather than... reaction to Samaras’s unorthodox move was less than overwhelming. Whereas earlier some Democratic Left... of September, that value stood at 17 billion and was still materially lower than the 22.5 billion

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