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SYRIZA and ND square up on cost-of-living crisis as government attempts to draw line under surveillance
PoliticsGreek Politicsand warned that the solutions put forward by SYRIZA will lead to fiscal derailment. Harking back... The government is also hoping to put the surveillance scandal behind it, but the opposition is doing its best... wound up its proceedings on Thursday with the delivery of a classified report which failed to shed
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UnLuCky for some: Another painful lesson from the euro crisis
Agoraany punches, the report threw all the dirty water – as Olli Rehn put it - on the European Commission... level and that capital flows would lead to a convergence of income levels within the euro area. Current... outside the euro area and depressed demand within the single currency zone, where everyone decided
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Does Greece need a third programme?
Agoracan be institutionally supported in its reform endeavours. Put otherwise, the focus now turns... cities in the euro area. The European creditor community must move beyond the consideration... economy, in particular as regards domestic and foreign investment capacity in Greece. One area where
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicswith the European Commission, the ECB and the IMF as a member country of the European Union, the Euro Area... reasonable assumptions, to put the debt trajectory on a downward path. We invite the IMF to work with us... problems in Euro area member States. We therefore propose to create a specific Eurogroup working group
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyin the months prior to June 2012 elections, this time the lack of competition does not put any pressure... percent) and Cyprus (1.73 percent). In the euro area only Slovakia has a time deposit rate (2.02... rates remain 300-400 bps higher than euro area average figures. In the household segment, the most
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Greece works on new proposals as EU rules out political deal on Monday
PoliticsGreek Politicsarea leaders’ summit on Monday after European Council President Donald Tusk attempted to dispel any... the offer that lenders have put forward. It will seek at least a slight softening of the institutions..., though, has sought to kill off any idea that the euro area leaders will decide on things that have
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Turkey ratchets up pressure on Greece in wake of extradition ruling
PoliticsForeign PolicySupreme Court decision not to extradite eight Turkish soldiers who Ankara wants to put on trial... guard vessels appear in the area of the islets, the Hellenic Coast Guard is dispatched. When the Turkish Navy appears, its Greek counterpart also sends vessels to the area. Athens has also issued strict
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammeflexible labour market framework must be avoided as it would put the potential gains for investment... system that remains highly imbalanced with a deficit four times that of the euro area average of 2.5... the second highest in the euro area. Growth IMF projects a modest GDP growth of 0.4 percent in 2016
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Waste management remains Greece's biggest environmental challenge, says EU
Societywork, there are big gaps in how these rules and policies are put into practice across member states. Waste management is the area where Greece faces the biggest problems, with illegal landfilling... (97.2 percent are deemed “excellent”) was one area, as was the almost full compliance rates
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Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
EconomyMacroeconomy. The lower negative flow in total deposits is fully attributed to other euro area residents and non-euro area residents’ inflows of 331 and 157 million respectively. The BoG’s annual report revealed... that delays in the programme review are likely to put pressure on deposit sentiment.
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