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Bank recap and NPL management create conundrum in bailout talks
EconomyGreek banks’ possible capital needs. In addition, a total envelope of up to 25 billion euros would
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Refugee crisis poses multiple political challenges for Tsipras
PoliticsForeign Policytotal of 224,000). This represents a rise of more than 750 percent on the figures for the same period
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Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomyof total road motor cars. The Attica prefecture registered more than half of the country’s road
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeIn contrast to SYRIZA’s pre-election pledges, the government has committed to proceed with an ambitious privatisation programme, according to the draft bill on the new financial aid from the eurozone. Excluding bank shares, the implementation of this programme aims to raise a total of 6.4 billion
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyto 1.25 billion in July with the 7-month figure at 4.55 billion, 189 million above target. Overall, total
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Tsipras bides his time on confidence vote, weighs up options
PoliticsGreek Politicsbring down the number of votes that Tsipras needs to win the ballot. The three parties have a total
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July rise of 388 mln in unpaid taxes is lowest for two years
EconomyMacroeconomy. Overall, the total stock of new and legacy tax debt rose at the slowest pace over the past two years
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammebillion). At the end of July the total stock of repo operations stood at 9.7 billion and EC estimates
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Labour cost fall has not produced jobs, bemoans GSEE in study
Society, with these three sectors representing 68 percent of the total jobs losses. It also said the purchasing
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyin July from 78 million in June. Since the beginning of the year, total net deductions reached 1.55
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