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Economic sentiment remains stable as retail confidence materially improves
EconomyMacroeconomy. It also matched the figure of June 2014. Greece’s economic sentiment has kept above 100... to August 2017, ESI has risen by 6.2 points, from 99 last year. Consumer confidence continued rising... confidence has improved by 9.2 points and by 2.5 points since the start of the year. Month-on-month
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Athens resumes contact with Ankara as interest in FYROM referendum grows
PoliticsForeign Policy: “It is no secret that we have problems, but Greece has stood firm and not joined those who applied double... with new UN Secretary General special envoy Jane Holl Lute who has already met with officials in Cyprus... drilling in Cyprus’s Exclusive Economic Zone. Turkey has said it is also set to begin its own drilling
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. The latest decline marks... billion euros. Since the start of the year, Eurosystem funding has declined by around 21.04 billion... funding has been steadily falling, with the latest reduction coming on July 26, when the ECB announced
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Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomymonths where the reading has remained above the 100-point mark, though it is the lowest since March this year, when the index came to 99.8. Compared to September 2017, the ESI has risen by 0.7 points. Consumer confidence rose by 2.9 points to -44.9. Year-on-year, consumer confidence has improved
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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsthe bank’s balance sheet and enhance its capital base. The bank has made significant progress on all... and downward price revisions for all systemic banks. Another factor that has affected investors’ stance..., by 2021. While the more aggressive approach to NPL reduction is seen as positive move, it has also
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Kammenos deviation raises more questions about coalition's endurance
PoliticsGreek Politicsnot represent government policy, which has centred on extending the agreement for the US to use the Souda Bay naval base in Crete. It should be noted that Washington has also not shown an interest... minister has mainly been dismissed by the opposition parties as another piece of political theatre
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgramme, Athens has decided to stick with the formula it followed earlier this month and not send the budget..., Tsakalotos has argued that Greece can beat its fiscal targets and use the excess surplus to increase... for a two-year period. Without the savings from the pension cuts, Athens has to rely on the fiscal
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ND steers greater attention towards institutional failings as elections approach
PoliticsGreek Politics. Outspoken Alternate Health Minister Pavlos Polakis has been a particular target for New Democracy’s... has a chance to win the next elections if it ensures “some people go to jail.” New Democracy leader....” This is not the first time that Mitsotakis has tweeted on such an issue in English. In September, he took
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Amid coalition bickering, Skopje vote lights up path to snap elections in Greece
PoliticsGreek PoliticsDefence Minister Panos Kammenos has vowed to stick with the government until the Prespes Agreement.... In Skopje, Parliament still has to hold two more votes regarding the changes that have to be made... whether the prime minister actually exercises any influence over his governing partner. Tsipras has
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeon the sidelines, on November 19 so that the matter can be settled before Athens has to submit the final... was played down by much of the Greek media, which has focussed on the final decision most likely being.... The difference that has to be bridged between now and November 19, if the Greek issue is on the agenda
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