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How Samaras backed himself and Greece into a corner over bailout exit
Agorathe European Stability Mechanism at a rate of around 2 percent and with no interest payments due for 10 years so it can go to the markets to borrow the same amount at a rate that could be much higher
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Troika piles pressure on coalition by insisting on key actions to conclude review
PoliticsGreek Politicsproducts and services to the top VAT rate of 23% and lifting the low rate applicable on islands
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The politics of debt dynamics in Greece
Agoramaturity of the European loans is currently 32 years and at a rock bottom interest rate of 1.5... for an economic recovery reaching 0.6 percent this year and a rate of growth of 2.9 percent in 2015
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomy-revenue rate of 12.3 percent. The double digit rise in travel receipts fully reflects surging... for the 9-month period showed travel receipts had a 11.1 percent growth rate, similar to that recorded
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyof resources towards tradable sectors. Unemployment rate forecasts have been revised downwards. For this year, jobless rate is seen slipping to 26.4 percent (from 27.1 percent before) and to 25.2 percent
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomyof unpaid tax obligations in up to 100 instalments with an interest rate of 4.56 percent, almost half the previous rate. However, the troika reportedly opposes this measure since it believes it would create
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingreduction in the average time deposit rate by 40 basis points (bps) QoQ to 2.24 percent. The bank noted that the new time deposit rate stands at 180 bps in November suggesting further funding cost
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The measures Greece is proposing to secure troika's return
EconomyProgrammemeasures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent... euros. For instance, the government argues that the collection rate from the first two months
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Rise in Greek car sales slows to 7.5 pct in November
EconomyMacroeconomyΤhe rate of increase in the number of road motor vehicles going into circulation for the first time slowed to 7.5 percent in November from 33.7 percent in October, according to the Hellenic... percent in November, while the 11-month growth rate (+26.4 percent) slightly lags the country
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Newsletter 8 - 19/12/2014
and uncertainty with all the consequent negative results on their confidence. Quarterly unemployment rate down The non-seasonally-adjusted unemployment rate fell to its lowest quarterly level for two years
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