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Launch of new movement highlights fragmentation of Greek centre-left
PoliticsGreek Politics, highlighting the fragmentation in this part of the Greek political spectrum. With PASOK... faith in the procedure, the centre left of Greek politics is in a state of confusion. The prospect... and tear after passing the austerity package has pushed Greek social democrats, who seemed
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingsuch transaction by a Greek bank since 2007. NBG raised medium-term funding of 300 million euros from... Investment (EFSI) and the EBRD to provide working capital for Greek SMEs as well as new lending... on July 25 it fully paid back pillar II bonds becoming the second Greek bank after Piraeus with zero
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Greek stocks rebound 2.6 pct during week as banks lead way
EconomyThe Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three... Stock Exchange climbed to 574.05 on Friday, its highest level since September 7. However, Greek shares... Greek Roadshow in London organised by the Hellenic Exchanges concluded on Thursday
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Greek households continue to slash spending on goods and services
SocietyGreek households devoted a greater portion of their monthly household spend on food, housing...). The report noted that the share of Greek household spending on food, education and health is among the highest in Europe, while accommodation and housings takes up a lower share. Greek households
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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyThe Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains... was triggered by a drop in the Greek government bond yield to 6.7 percent coupled with improved international... four weeks, Greek shares have risen by almost 10 percent. Banks headed north for the fifth straight
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Decisive week for Greek programme begins with proposal from Athens
EconomyProgrammeA crucial week for the future of the Greek programme is due to unfold over the next few days... Monetary Fund’s participation in the Greek programme, he met with Christine Lagarde in Davos on Friday... that he considers the IMF an institution with a decisive role in the Greek programme. He also said
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeThe International Monetary Fund's updated Debt Sustainability Analysis (DSA) sees Greek debt..., its debt will remain highly sensitive to shocks. According to the IMF baseline scenario, the Greek... on ESM loans to 17 and 20 years for EFSF and Greek Loan Facility (GLF) loans. The second measure relates
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Significant drop in number of Greek citizenships granted
SocietyThe number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013... peaked at almost 30,000. With over 82.5 percent of the 13,933 new Greek citizens in 2015 being... there was an outflow of almost 110,000 people in 2015, just over half of whom were Greek citizens
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Orthodox Christianity survey reveals strong influence on Greek society
Societyby Greeks. Around 91 percent of Greek respondents favoured this stance, with only 6 percent opposing... was low. Only 35 percent of Greek respondents supported this idea, in line with a median response... were worn by 67 percent of Greek respondents, the highest incidence among European Orthodox countries
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Greek families burdened by high tax rates
SocietyA study by the Washington-based think tank, the Tax Foundation, has found that Greek families pay... by the Markos Dragoumis Center for Liberal Studies (KEFiM). They show that a Greek worker without children... average rate of 36 percent. Greek families had the second highest tax burden in the OECD at 37.8
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