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Looking in on the Greek elections from the outside
Agora, this welcome restraint should not obscure the fact that these “outsiders” – if we may call them... during campaign appearances has caught the attention of European observers. He may appear to be a safer... the next three months. They will be looking at any signals that may arise after the Greeks cast
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomyin August. These taxes were initially due in July and May respectively as it was also the case last... to boost revenues in the coming months, we would expect that the full-year revenue target may..., the government may have stopped delaying or postponing payments of non-payroll expenses, as it was the case
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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingfigure could be in line with market expectations, the individual bank capital needs may prove more..., the initial voluntary may turn into a mandatory exchange securing Piraeus capital strengthening. Following Piraeus announcement, the market anticipates that the other three systemic banks may proceed
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Newsletter 47 - 16/10/2015
reached 121.39 billion euros in September, the lowest reading since May. The change in September... is the lowest reading since May Budget execution deteriorates Greece’s budget execution deteriorated... service may be the least of the party’s troubles. A much more serious concern is that those founding
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomy) labour force survey showed on Thursday. The August jobless rate is the lowest figure since May 2012.... The number of unemployed fell by 15,700 to 1.18 million in August to its lowest level since May... is the highest reading since May. However, the August number still points to a considerable decline
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgrammeprocess was completed on May 9, 2014, with five firms submitting expressions of interest. After... of exports are controlled by PPC. Local media indicate that the government and the quadriga may converge... of public utilities in particular. The government may find a way to appease backbenchers over
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Doubts over IMF role in Greek bailout becoming source of rising tension
PoliticsGreek Politicsthat the coalition is wary of the IMF coming on board and may prefer it to walk away from the latest rescue... Greece being behind schedule in implementing the bailout and suggested that the government may.... This may be the easy route but it is not in Greece’s interests.” Schaeuble’s criticism, though, seemed
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Newsletter 55 - 12/12/2015
Pitsiorlas said it may be delayed for a few weeks, he expects the project to conclude by mid-February... be dismissed. Giannaros also overcame the suicide of his son last May, an incident that he attributed... organisation at this stage will lead to any point-scoring for Tsipras within his own party. It may strengthen
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammeon in the long-term. In turn, the borrower may be offered more favorable term as the new entity... will be uploaded on BoG website. An NPL may be sold by a bank only if in the preceding 12 months the debtor did... one loan that includes an NPL, their performing loans may also be transferred together with the NPL
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Mitsotakis win gives New Democracy chance for renewal but creates fresh risks
PoliticsGreek Politicsis on the right wing of the party, may prove more complex. Mitsotakis, who favours market-oriented reforms... for his attacks on the main opposition party. Tsipras may try to portray New Democracy and Mitsotakis.... In the process, New Democracy may find itself attracting the support of voters who backed centrist To Potami over
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