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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politicsautomatic cuts across the board once the programme is found to be off track may be adopted. Athens... is finally agreed it would represent a boost for Athens in one respect as it had sought to avoid having.... The prospect of cuts to wages and pensions, however, will be a difficult one for the coalition
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Labour laws already emerging as key issue for next bailout review
PoliticsGreek Politicsthat the government would fight to protect restrictions on mass dismissals, which is one of the areas... was accepted. It appears that Athens hopes the ILO’s inclusion will help stave off some of the changes... dismissals being lifted, it is clear that this will be one of the most contentious issues
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankinginclude one off gains related to the Visa transaction and sale of EFSF bonds and the negative impact from extraordinary provisions involving one large corporate of the retail sector (Marinopoulos). Core... to 224 bps in Q2 from 176 bps in the previous quarter. The QoQ spike relates to one specific case
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Tsipras freshens up cabinet, looking for balance with party and lenders
PoliticsGreek Politicsthe government, with another 11 leaving office. The cabinet is also slightly larger than the last one, which had... Skourletis at the Energy Ministry. Stathakis was replaced by Dimitris Papadimitriou, one of the most... as government spokesman. There was only one change at the Finance Ministry, where Euclid Tsakalotos remains
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Are we taking Greeks' devotion to the euro for granted?
Agorayears the country would probably be better or worse off. This is an interesting question because one... not see this shift in voter behaviour coming. One could argue that the complacency of being... and by far the lowest among the 28 member states. When one looks at some of the other data
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Tsipras facing more media intervention claims after changes at newspaper
PoliticsGreek PoliticsMoulopoulos held editorial positions at To Vima, one of DOL’s newspapers, in the past, the timing... outlet, and one that was critical of the SYRIZA-Independent Greeks administration. Tsipras has accused... that they will not face prosecution in the future for writing off part of the money owed by the media
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agoramost likely to impact the electoral agendas. We start off with a look at Germany and its strong... billion euros. It is noteworthy that the trade balance with Russia is negative for Germany, one... money from one country to another, in violation of money laundering controls and in breach
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Newsletter 104 - 27/01/2017
, 220 million below target and also including a one-off payment of 630 million to support low-income... for 8th straight quarter Overall, disposable income has tumbled by almost one third in the last seven... in the current taxes on income and wealth by 19 percent. Overall, disposable income has tumbled by almost one
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Newsletter 107 - 17/02/2017
with the institutions and one that includes measures aimed at helping growth and the most vulnerable in Greek... of debt relief measures. Clearly, there are many points at which this process could go off track... 3.5 billion exclusively for arrears clearance. Around one third (1.03 billion) of total GG arrears
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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsreached in Malta appears to be one that the Greek government can probably live with, even though... to implement 2 percent of GDP in measures in one go in 2019 (a possible election year), unless the fiscal performance is severely off track. It has also secured some concessions on the labour front
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