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Athens gears up for Cyprus talks, expecting progress rather than agreement
PoliticsForeign PolicyFollowing 19 months of intensive talks aiming to reunify Cyprus, the two Cypriot leaders are due to meet in Geneva on Monday at the beginning of a crucial week of negotiations on the issues of territory, security and guarantees. All sides are expressing...
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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek PoliticsExpectations are relatively low for Monday’s Eurogroup, with the most that can be expected being an initial agreement between Greece and the institutions on the basic elements needed in order for the review to be completed. Going into the meeting of the...
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingNational Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece. The consideration of the t...
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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomyGreece’s economic sentiment (ESI) had one of its most marked improvement of 2017 in the final months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC) figures revealed on Monday. December was the second t...
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Tsipras opts for modest changes to cabinet rather than renewal
PoliticsGreek PoliticsPrime Minister Alexis Tsipras announced a cabinet reshuffle on Wednesday evening that was limited in scope and with few notable changes, suggesting that his main priority was to keep his government on an even keel. The premier was forced into making the...
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Trade deficit up by 30.9 pct in June as imports grow faster than exports
EconomyMacroeconomyGreece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit stood at 1.97 billion euros ...
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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek PoliticsSYRIZA is continuing its calls for cooperation with other parties, despite such invitations falling on deaf ears so far, as the battle for undecided moderate voters intensifies in the build-up towards the next general elections. Prime Minister Alexis Ts...
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Athens warned about missing fiscal targets rather than changing them unilaterally
EconomyProgrammeThursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted. Regling, however, stopped shor...
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Despite recent improvement, more than half of Greeks unable to afford one-week holiday
SocietyData from Eurostat has shown that over half of Greeks could not afford to go on a week’s holiday away from home in 2018. According to the dataset, 51 percent of Greeks reported that they were unable to afford a week away from home, the third highest per...
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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 540.3 million euros in December, from a deficit of 1.39 billion in November, according to Bank of Greece (BoG) data released on Thursday. In the same period last year, the deficit was 1.51 billi...
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