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Newsletter 517 - 11/09/2026
an “invisible memorandum” with corporate cartels, arguing that domestic price‑setting rather than... inflation, and that the November allowance excludes more than 300,000 pensioners. It challenged ND... 30.6%, natural gas increased by more than 40% compared with last year, and heating oil surged 53.2
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Political field in motion as Androulakis waits his turn in Thessaloniki
PoliticsGreek Politicsis now able to redistribute surpluses rather than contemplate cuts. She argued that the government... than its current polling suggests. Tsipras placed political cooperation at the centre of his TIF press... than post‑election improvisation. His aim is to present ELAS as the force capable of determining
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicsthan 500 million euros. Some reports in Greece have suggested that the Finance Ministry is preparing... increased by more than 400 million euros in the first half of the year. However, the issue of tax revenues... of recession and more than three years of austerity, during which household income has shrunk dramatically
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsand if the government has found a way to settle more than 500 million euros of state debts to the Athens... falling quicker than planned due to retirements, was solely aimed at breaking a “taboo”. “This demand..., employing more than 700,000 people, but that this number is on course to fall below 550,000 by 2015
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Fight against tax evasion yields results, reveals challenges
Societya shadow economy that is equivalent to more than a fifth of its GDP. It is sometimes claimed... of arrests for unpaid debts and suspected tax evasion. In 2012, more than 800 Greeks were arrested... for tax evasion rather than when he or she is convicted. Similarly, a draft law prepared in June
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
Economy, mainly owing to higher revenues more than offsetting a hike in interest payments and Public Investment...’ arrears on the expenditure line. The consistent bottom-line outperformance - by more than 4 billion... estimates a gg primary surplus of 812 million (0.4 percent of GDP) in 2013, higher than the initially
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Cyprus in 2014: Looking ahead
Agorain 2014 if the bank that holds more than 50 percent of loans and deposits is severely exposed to ELA obligations. Most analysts seem to be optimistic about Cyprus due to the better than expected 2013 results, were GDP is expected to fall -5.5 to -6.5 percent rather than the expected -8.7 percent
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Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
Economyincorporating the better-than-expected revenue and expenditure performance in the 10-month period.... The 11-month underperformance reflects lower than targeted revenues by 1.46 billion, more than... in unpaid taxes by more than 600 million euros per month, peaking to 930 million in November and b
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Greece in danger of repeating familiar mistakes with Golden Dawn
Agora. In the 2009 national elections, Golden Dawn gained less than 0.3 percent of the vote. In June 2012, 6.9... in the political system, this time on solid rather than ramshackle foundations. There can be no room... counterweight to neofascist Golden Dawn. In this environment, right-wing extremism is enabled rather than
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingprocesses with foreign investors. Both transactions were reportedly oversubscribed by more than 1.5 times... that two of the four Greek systemic banks have more than covered their capital needs recently determined... increase covered by private investors cannot be lower than that of HFSF for the same share issuance
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