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Greek coalition sets out plans for public sector, wages and pensions
PoliticsGreek Politicsand unions rather than in one go. It is estimated some 300,000 Greeks earn the minimum wage. Instead... for pensioners earning less than 700 euros a month. It is estimated that these interventions will cost
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Another euro stitch unpicked
Agoraa case of denial, the new coalition is left in no other position than to downplay the significance... was withdrawn from Greek banks in December and January, which is much higher than usual. While ELA could
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What are the implications of the ECB's decision for Greek banks?
Economyamount is less than 10 billion, around 4-5 billion for pillar III and close to 5 billion for GGBs. Until... above the ECB funding cost of 0.05 percent. However, it is still lower than the average time
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After Schaeuble talks, Greek gov't still focussed on ditching existing bailout
PoliticsGreek Politicsnot accept anything other than the existing terms. Varoufakis, though, continued to indicate... on February 11) to discuss anything other than a second extension to the existing programme.
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyin 2014 from more than 116,000 in 2008. Similarly, the volume and value of transactions shrank by 86... a cumulative contraction of more than 13 percent over the past four years. In addition, non
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The government decisions that could shape the future of Greek banks
EconomyExchange and whose trading activity accounts for more than half of the daily turnover, back into focus..., the HFSF funds cannot be used for other than bank recapitalisation purposes. This means
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Greek stocks and bond yields recover on hopes of deal with eurozone
EconomyThe Athens Stock Exchange soared 8 percent on Tuesday, more than offsetting the significant losses of 4.8 percent recorded on Monday. The strong rebound was fuelled by the 4-pillar proposal...’s rises. The 3-year GGB showed the highest drop as it fell by more than 2.5 percentage points (pp
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What we've got here is a failure to communicate
Agoraswap rather than a haircut. Again, anyone observing what key players in SYRIZA had been saying before the elections (rather than taking as gospel the official party line) would have been aware
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Everybody be cool
AgoraIt’s less than three weeks since the Greek government was elected and its Finance Minister Yanis Varoufakis has just taken part in his first Eurogroup – an experience that some of his predecessors... with the domestic political repercussions. There is so much more that keeps Greece and its lenders together than
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomymore than 70 percent of GDP but has posted a cumulative drop of more than 24 percent since 2008
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