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Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
EconomyMacroeconomy5.42 billion euros, off target by 922 million euros. The MoF noted that the shortfall was mainly due to 1.12 billion euros related to the concession agreement of Athens International Airport for 2026... billion euros. The negative balance in the aggregate period was off target by 406 million euros
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Newsletter 74 - 20/05/2016
with Piraeus, announced in late 2014. Eurobank kicked off the banks’ first quarter (Q1) reporting season... for automatic spending cuts if Greece’s primary surplus veers off track proved less controversial than...-off fund in which Greece’s lenders have a considerable say and which has access to a vast array
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Don't celebrate a French reconnection for EU just yet
Agoratook the unusual step of congratulating Macron despite there being a run-off against Le Pen yet to come... of Europe’s tendency to laud the eye-catching victories but brush off the smaller defeats even though... by centre-right New Democracy beat off the anti-austerity insurgency from SYRIZA. It ignored
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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicswill stave off a major social impact resulting from the long economic crisis, as well as the knock-on effect... of primary residences which allows borrowers to rent their homes back from a holding entity and buy... chance” mechanism, where debts to banks and the state can be written off following the liquidation
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Return of coastal bill may give SYRIZA new chance to build support
PoliticsGreek Politics. This is in contrast to the PPC stand-off, where SYRIZA stood side-by-side with the electricity workers’ union (GENOP... development. The only aspect linking the two issues is privatisation as in many people’s minds the coastal bill is connected to the Hellenic Republic Asset Development Fund’s (HRADF) efforts to sell off
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Newsletter 49 - 30/10/2015
. If no candidate gets more than half the votes, then a run-off between the leading two hopefuls will be held... small- and medium-sized businesses, investors were scared off and a weak recovery was transformed... interesting aspect of all, which is that, despite this striking worsening of their situation, Greeks have
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Coalition hopes for respite from ex-minister's claims as probes launched
PoliticsGreek Politics. The start of the investigations means that the government can now put off any discussion about... government policy. SYRIZA has tried over the last years to shrug off persistent accusations from its... forward with his side of the story. So far there have not been any leaks to confirm this aspect
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What Dijsselbloem didn't say
Agorawith strict conditionality. Although this staved off disorderly defaults and the pain they would bring..., which feeds off misconceptions, falsehoods and ignorance. At the very least, it would be something we... in the periphery, which have been highlighted profusely. To ignore this fundamental aspect of what led
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Athens waits for dust to settle after Erdogan's victory in Turkish referendum
PoliticsForeign Policyfor the following reasons: Breaking off EU talks? Erdogan said on Monday that it was unimportant to Turkey if the EU broke off accession talks. “For 54 years, what did they make us do at the EU’s door? Wait... aspect is that Erdogan won and now has the ability to lead Turkey in more autocratic manner
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ESM releases final tranche of third bailout, boosting cash buffer ahead of exit
EconomyProgrammereminder that some of Greece’s lenders are not comfortable with the government trying to put off... calling off the pension cuts if Greece meets its fiscal targets even if this view does not seem.... The release of the 15-billion-euro instalment, though, brings the financial aspect of the bailout
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