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  1. Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
    Photo by MacroPolis

    Economy

    arrivals to 20.5 million, implying an increase of 1 million from its previous forecast of 19.5... areas, led SETE to also upgrade its projections for total tourist arrivals in Greece to 23 million

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  2. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    , while the total (direct and indirect) negative impact on GDP would reach 3.8 billion. In addition, SETE anticipates the devastating impact on employment since for each 1 million fewer tourists more

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  3. Accommodation and food services index up 7.6 pct in Q3
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    the total (direct and indirect) negative impact on 2015 GDP would reach 3.8 billion. It also highlighted the negative impact on employment since for each 1 million fewer tourists, more than 30,000 jobs

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  4. Greek MPs pass 2015 budget but give few clues for presidential vote
    Photo by MacroPolis

    PoliticsGreek Politics

    The government won the vote for the 2015 budget in the early hours of Monday but the result provided few clues about how the presidential ballot, due in mid-February, could pan out. A total of 155 MPs voted in favour of the budget, 134 against and 1 voted present. One government MP (PASOK

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  5. Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
    Photo by MacroPolis

    EconomyBanking

    of business loans and accounting for more than 70 percent of the total NPLs. Piraeus surprised... BoG study showed that corporate NPLs (for loan amounts above 1 million euros) are concentrated

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  6. SYRIZA hits back in funding row, says it could issue T-bills and use repos

    Economy

    a total of 7 billion at the end of November, based on the latest MoF general government bulletin... as of March 1, 2015. This, coincidentally, matches the expiration date of the extended deadline for the EU

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  7. Undecided voters could still decide crucial aspects of Greek elections
    Photo by MacroPolis

    PoliticsGreek Politics

    A total of 9,834,970 Greeks are registered to vote in the January 25 elections but the result could still be shaped by around 1 in 10 voters who have yet to make up their minds. Opinion polls indicate that a lot of Greeks have yet to decide who they will vote for. An Alco poll for To Pontiki weekly

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  8. ECB refuses Greek government bonds as collateral: What does it mean?
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    Economy

    (at the end of September) would no longer be eligible for ECB funding as of March 1 following a previous ECB.... In addition, Greek banks have a limited Greek government bond portfolio of around 5 billion in total

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  9. Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession

    EconomyMacroeconomy

    . Led by a strong growth in exports of services on buoyant tourism, total exports advanced 8.4 percent... a downward revision by 1 percentage point since its previous estimate last November and reflects domestic

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  10. Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct

    EconomyMacroeconomy

    showed a double digit growth of 10.3 percent for Q4 total exports and a similar trend in each of its two... updated forecast released in mid January implies a downward revision by 1 percentage point since its

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