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European Commission review of Greek programme: The key points
EconomyProgrammefinancial management reforms, further improvements in the area of budget preparation are still needed... specific timetable. Banks Greek banks’ non-performing loans (NPL) continue to rise, yet the rate of new...), the EC estimates Greece would have needed an additional 5 billion to cover its financing needs until
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsthe spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President... with disabled children under the age of 24. The total outlay is estimated at 175 mln euros “The one-off
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What next for Cyprus gas after the Exxon find?
Agorais not sure yet whether the discovery is commercially viable. More analysis and probably more drilling will be necessary. Q: So what are the export options for the Exxon gas? A: The export options are not yet.... It is not yet known whether Glaucus-1, which has been described as located in “Zohr-like” structures
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomy, which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound... for 2016, which is broadly similar to the previous estimate. According to the OECD, gains... and financial stability. Another area of concern lies with non-performing loans (NPLs) in the banking
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Is a lack of spending hampering Greece's firefighting capabilities?
Societyin Greece burns on average three times the area of a fire in Spain, Portugal or France, and 1.5 times the area of a fire in Italy. Greece itself had been able to fight forest fires more effectively... discipline. Yet the frontline forces have been unusually reluctant to blame spending cuts for the Mati
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ECB stress tests and what they will mean for Greek banks
Economyof the financial health of 130 banks in the euro area at noon (CET) on Sunday. In the two weeks... undergoing measures. It is not yet clear which of the two capital shortfalls (under the static... from the conversion of deferred tax asset (DTA) to tax credit. However, it has not yet been clarified
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Newsletter 49 - 30/10/2015
Three pending issues Government and quadriga have yet to agree on some prior actions After... in this area. Other rumoured alternative measures relate to a rise in excise tax on cigarettes... will not be known for a few weeks yet, but all indications point to anyone retiring in the coming years only being
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Stalled troika talks stretching Greek coalition cohesion to limits
PoliticsGreek Politicsfor tax arrears. Hardouvelis took the unusual step of meeting President Karolos Papoulias on Tuesday. Upon... leaders but no decision has been taken yet. There have even been calls from SYRIZA officials
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Newsletter 9 - 30/12/2014
was yet again on full display during the last days of 2014. The election of the country’s president by parliament through an open roll call may appear unusual for observers from outside Greece
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Voting for brinkmanship while the real economy needs solutions
AgoraAthens’ addiction to partisanship and political drama was yet again on full display during the last days of 2014. The election of the country’s president by parliament through an open roll call may appear unusual for observers from outside Greece. But the outdated electoral procedure through
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