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Eurobank: From nationalisation to re-privatisation
Agoraby the respective bad banks and thus were not transferred to Eurobank. Nevertheless, Eurobank still has a liability to the state of 950 million for its own preference shares related to pillar I bonds. Unlike the other three systemic lenders, Eurobank’s management has recently indicated it will not pay
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Reflections on Greece's balance of payments
Agorahas nearly a perfect mapping from fiscal policy to the balance of payments: the twin deficits which...: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraon a report which the author has written for the EBRD in London. The full report is available... and Infrastructure Footprint China’s economic cooperation with Serbia has expanded significantly... since it has trade agreements with the EU, Turkey and Russia. It also enjoys a level of political
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Kotzias takes next step in effort to reach name deal, settle Balkan issues
PoliticsForeign Policyrebels and the country’s security forces. Kotzias has publicly stated that the Greek side... n a letter sent to both of them last Friday by Nimetz. The veteran mediator has written down... is part of the expected UN mediating process. Kotzias and Dimitrov have also been called to answer
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Mitsotakis responds to coalition's counter-measure challenge with own proposal
PoliticsGreek Politics. “I don’t want a country where an investor feels he has to own a football team or a media outlet... than the government, which said it will include the 2 percent of GDP in counter-measures it has...Opposition leader Kyriakos Mitsotakis has attempted to respond to Prime Minister Alexis Tsipras’s
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Bailout talks inch forward as Juncker comments complicate matters
PoliticsGreek Politics, although the measures described have no short term support for Greece it has to be done, because I do... towards that direction but this has to be assessed in reality. I was making it perfectly clear when... side has been adamant that it will not accept a larger decrease, with Finance Minister Euclid
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Wildfires and healthcare failings test government over summer season
PoliticsGreek Politicsof serious blazes burning overnight in western Greece and on the island of Chios. The situation has prompted... Mitsotakis has interrupted his schedule for a briefing. Reports say numerous homes, businesses... remained below the 20-year average. This claim has been overturned overnight, according
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Newsletter 60 - 29/01/2016
the situation has gradually improved. For example, when I visited Samos at the end of November, the screening... of people to Europe, Greece has been the fall guy, taking the blame for not “controlling” its... with an annual income of less than 30,000, no official proposal has been brought to the table. Appearing
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomyshare (1.19 billion euros) going to social protection, 300 million to public investments, 260... would bring added spending of 260 million euros. An additional 190 million would go towards... the pre-legislation of those measures, which would “underpin the fiscal targets post-2018”. In the event
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Search for solutions, not scapegoats in EU's refugee crisis
AgoraNovember 10 and 13, since when the situation has gradually improved. For example, when I visited Samos... controls in the Schengen area) to stem the flow of people to Europe, Greece has been the fall guy, taking...-measures and a strong dose of wishful thinking are not going to be enough. The EU has to pull
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