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  1. August trade deficit shrinks by 29.5 pct as imports fall faster than exports

    EconomyMacroeconomy

    Greece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT). The absolute figure showed the trade deficit in August fell to 1.23 billion euros, which is the...

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  2. Tsipras and SYRIZA: More old than new
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    Alexis Tsipras staked his political future on the “new vs old” concept in the September 20 elections. His victory at the ballot box, though, does not mean that it can yet be deemed a winning strategy. Why was it a risk to claim he could be the new broom...

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  3. Greek corporate lending rates up to 250 bps higher than eurozone average

    EconomyMacroeconomy

    Greek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday. The headline figure for February indicates a new...

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  4. Athens gears up for Cyprus talks, expecting progress rather than agreement
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    Following 19 months of intensive talks aiming to reunify Cyprus, the two Cypriot leaders are due to meet in Geneva on Monday at the beginning of a crucial week of negotiations on the issues of territory, security and guarantees. All sides are expressing...

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  5. Progress rather than breakthrough the target at Eurogroup
    Photo via Fosphotos

    PoliticsGreek Politics

    Expectations are relatively low for Monday’s Eurogroup, with the most that can be expected being an initial agreement between Greece and the institutions on the basic elements needed in order for the review to be completed. Going into the meeting of the...

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  6. NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece. The consideration of the t...

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  7. Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) had one of its most marked improvement of 2017 in the final months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC) figures revealed on Monday. December was the second t...

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  8. Tsipras opts for modest changes to cabinet rather than renewal
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras announced a cabinet reshuffle on Wednesday evening that was limited in scope and with few notable changes, suggesting that his main priority was to keep his government on an even keel. The premier was forced into making the...

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  9. Trade deficit up by 30.9 pct in June as imports grow faster than exports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit stood at 1.97 billion euros ...

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  10. SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    SYRIZA is continuing its calls for cooperation with other parties, despite such invitations falling on deaf ears so far, as the battle for undecided moderate voters intensifies in the build-up towards the next general elections. Prime Minister Alexis Ts...

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