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Greece and Turkey take step forward in ties after leaders' talks on UNGA sidelines
PoliticsForeign Policyto the negotiating table, to at least establish mutual trust, and to engage in a frank and honest... in New York that he was ready to immediately resume reunification talks, urging Turkey to also engage
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Mitsotakis shrugs off scandals to hit back at foreign policy critics
PoliticsGreek Politicsto engage in “twitter diplomacy”. The latter was a direct swipe at Karamanlis’s deputy foreign... exploration in the disputed maritime zone, arguing that the US energy giant would not engage
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Golden Dawn support down to 2012 levels but with potential to rise again, poll shows
PoliticsGreek PoliticsSupport for Golden Dawn has fallen to pre-election levels according a new poll, which also suggests that about a fifth of Greeks do not have a dim view of the neofascist party despite the recent arrest of its leadership. The Alco survey published on Sun...
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When will Greek banks operate as credit institutions again?
AgoraDespite the successful recapitalisation process and continued restructuring of the Greek banking sector, the credit transmission mechanism towards the real economy remains severely impaired. Two key reasons account for this severe deficit. Firstly, the ...
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Unemployment rate inched up again in Sept to 27.4 pct
EconomyMacroeconomyThe seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27....
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyGreek private sector deposits increased 1.4 percent month on month (mom) for the second straight month in December with balances reaching 163.25 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 2.35 billion in December from 394...
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SYRIZA stumbles again on way to May elections
PoliticsGreek PoliticsSYRIZA landed itself in more hot water this week with its candidate choices for next month’s local and European Parliament elections, creating more doubt about the party’s credentials. The leftist party has dropped one candidate, another has been forced...
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Manufacturing PMI rises again, reaching 51.1 in April
EconomyMacroeconomyGreece’s Manufacturing PMI improved by 1.4 points to 51.1 in April, according to Markit. This was the third reading so far in 2014 above the 50-point mark, which separates growth from contraction. The monthly movement was boosted by faster rises in outp...
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG). Monthly net deductions slightly slipped to ...
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After landmark return in April, Greece prepares to tap bond markets again
EconomyAfter tapping markets in April for the first time in four years, Greece is considering another bond transaction, which could take place as early as next week, according to reports. The first bond issue on April 10 was a 3-billion-euro, 5-year note in a ...
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