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Athens pleased with Brussels appointments but new Commissioner faces big task
PoliticsGreek Politics. Greece had targeted the migration portfolio over the last few months, believing that this was one... not let off the Greek government lightly. The outgoing Greek minister certainly faces a big task in his
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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomyyear, the reported 7-month C/A surplus shows an increase of 169 million YoY. However, excluding the one-off SMP income of 1.5 billion recorded last year, the underlying C/A balance improvement stands
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomypronounced if we exclude the one-off SMP income of 1.5 billion recorded last year, which implies
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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
Societyof countries, which have “high inequality.” However, Greece is one of only three eurozone countries... is now better off than it was in 2000, before Greece joined the euro. In that year the richest tenth
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed to the recognition of additional deferred tax asset (DTA), which was mitigated by a broadly similar
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Central gov't cash surplus rises to €3 bln in October despite drop in revenues
EconomyMacroeconomythe repayment of Alpha and Piraeus banks’ preference shares in the first half of the year. Excluding this one-off item, the underlying BoG figure shows a drop of 2.4 percent to 37.08 billion. Compared
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy, from one of 225 million euros in the draft budget. The 2015 budget does not incorporate new measures.... Privatisation On the privatisation front, the budget notes that sell-off projects worth 5.36 billion have
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBanking(excluding trading income and one-off costs) rose 11 percent quarter on quarter (QoQ) and 37 percent
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Two more parties prepare to step onto overcrowded Greek political stage
PoliticsGreek Politicsspokesman Ilias Kasidiaris emerged. Baltakos was one of Prime Minister Antonis Samaras’s closest... will get off the ground in the wake of George Papandreou and several other PASOK MPs expressing
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2014 is not 2012
AgoraSince the eurozone crisis kicked off towards the end of 2009 in Greece there has been no other institution that has gained in prominence like the European Central Bank. Aside from the fact... crisis with eurosystem funding of 20.6 billion euros in October 2008, one month after the collapse
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