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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek Politicstranche of 1 billion euros as it has not yet completed its “prior actions.” Beyond the Finance Ministry... reshuffle) remained at the Administrative Reform Ministry, where he has the task of managing changes... in the Papademos government, will take over at the Health Ministry from Adonis Georgiadis. This has proved
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from... billion more in July. The June deadline has been missed, partly as a result of the government... carry a political cost. One of the other commitments the Greek government has to meet this year
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Societyunemployment is nothing new in Greece, which has had a long standing problem with this issue. The rate..., long-term unemployment has morphed into the most devastating factor in Greece’s labour market... than a year. This represents over 71 percent of all those without work. Extensive research has
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsthe government and the judiciary but which has wider implications. The legislation foresees judges’ wages.... On top of that, the coalition has to pay them an extra 69.6 million euros per year. The amendment adopts... has already factored in the amount needed to increase the judges’ salaries to previous levels
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Bid to form alliance for PPC referendum tests SYRIZA's political mettle
PoliticsGreek Politicsspectrum, there has been talk of cooperation between them over the last couple of years. Democratic Left... for SYRIZA's idea up to 102. Given that the opposition party has made it clear it has no intention... and the Communist Party (KKE), which has 12 lawmakers, to back the proposal. However, a discussion
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Recovery of farming subsidies threatens to widen Greek fiscal gap
Economyeuros a year extra on top of that. Also, the coalition has to come up with an extra 650 million euros... two years ago. Unlike the money for the judges, this extra expense has not been budgeted for and will affect the fiscal gap. The troika has stressed that no additional measures are required in 2014
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Greek coalition locked in dispute over public sector reform
PoliticsGreek PoliticsGreece's coalition appears to have averted one political confrontation this week but has found... a way to navigate this obstacle. It has reportedly removed all the controversial aspects... the coalition with some relief, there is still a simmering internal dispute to deal with. PASOK has
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Coalition reaches compromise on candidate for European Commission
PoliticsGreek PoliticsGreece has decided to nominate current Defense Minister Dimitris Avramopoulos as its representative... still has strong opponents within the conservative party. Bakoyannis’s nomination would have also... minister with the current government. Avramopoulos has also been in charge of the tourism and health
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MacroPolis is taking the next step
Agorain Greece. Over the last twelve months MacroPolis has covered all the significant economic and financial... of the evolution of the centre-left and the fallout from the arrest of Golden Dawn’s leadership. Our team has... and attitudes in Greece today. MacroPolis has served as a trusted reference point for a number
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Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
Societyprices even though Greece has been in deflation since early 2012. Of those questioned, 84 percent said.... This has now risen to 37.9 percent. Two years ago, 27.4 percent of business owners said “not at all” when asked how optimistic they were. This figure has now fallen to 20.8 percent. The percentage
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