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Is VAT all you've got?
Agorathe most of the skeptical troika finally giving in on a longstanding Greek demand for VAT in the food... of a milestone in the Greek bailout program as tax hikes have been the norm and a regular source of much anger... of an attempt to fob the government off rather than a genuine concession aimed at stimulating the economy
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingNational Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net... one-off items mainly related to deferred tax asset, the bank posted operating profit (before tax... million from loss of 7 million last year. Despite a 14 percent YoY rise in Greek net interest
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UnLuCky for some: Another painful lesson from the euro crisis
Agorarespected figure, confessed in early 2013 that the fiscal multipliers used in the design of the Greek programme were off by a wide margin. As a result, the austerity being applied was inflicting three times... depressed in a number of ways at the start of the Greek programme. Tax increases and higher
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Mentioning the war so we don't have to mention the war
Agorabeen a topic that Greek governments have returned to repeatedly since the early 1990s... or too late.” Indeed, if one avoids a kneejerk reaction to the Greek side reaffirming its claims... that Greece and others were being turned away, a reunified Germany paid off the debts that had accrued
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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicskind of deal being secured at the May 11 Eurogroup. However, the Greek government appears to be divided... will be on the European Central Bank and whether it will continue to provide Emergency Liquidity Assistance to Greek... and no hope of a deal being clinched. If the ECB turns off the tap then this will lead to capital
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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsthat the conclusion of the review has been put off for now, with the only other possibilities... 24. The Greek government has not taken well to its proposal for a corrective fiscal mechanism... for an emergency EU leaders’ summit to discuss the Greek issue. Calls to top European leaders are bound
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Are we taking Greeks' devotion to the euro for granted?
Agorathe Greek crisis, the instability caused by the momentous economic adjustment and political foolishness... about what the same surveys are saying about the current Greek mindset on these issues. Probably... on the subject by Greek polling firm Public Issue. A poll published in May indicated that 54 percent
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Flare-up between Athens and IMF fuels doubts over review breakthrough
PoliticsGreek Politicsreaction from the Greek government. Coalition spokesman Dimitris Tzanakopoulos accused the Fund... and making “spectacularly” wrong forecasts concerning the Greek economy in the past. All this makes for an uncomfortable stand-off between Athens and one if its key creditors just hours before discussions
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PMI rises to 49.3 in Dec but likelihood of growth remains slim
EconomyMacroeconomyfor the first time in 70 months. Although Greek manufacturing output fell for the fourth straight month... of weaker demand and instability of the Greek banking sector, according to the survey. However, the recorded.... Greek manufacturers reported a drop in their backlogs in December. This has been the case since July
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsand middle-income earners, not just business and the more well-off. If the Greek premier can argue... chiefs spent in Athens. The Greek government and the Fund seem opposed on the main matters... grade of the technical teams and will have to be resolved at a political level. The Greek prime
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