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Eurogroup build-up dominated by internal friction over way forward
PoliticsGreek PoliticsThe Greek government will be looking towards Monday’s Eurogroup for some kind of positive indication regarding the state of its negotiations with lenders but expectations for any kind of notable statement are extremely low. Prime Minister Alexis Tsipras...
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Greek trade deficit up 6 pct in April despite growth in exports
EconomyMacroeconomyGreece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT). In absolute figures, the trade deficit reached 1.66 billion...
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First TV debate does little to fire up election contest
PoliticsGreek PoliticsThe first, and rather tepid, televised debate ahead of the September 20 elections is unlikely to have made a significant impact on the contest. The rigid format, which saw the seven party leaders taking part answer questions from journalists on pre-agre...
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Bookmakers make minds up on SYRIZA election win
PoliticsGreek PoliticsFive days before the September 20 snap elections and in the aftermath of Monday’s debate between the leaders of SYRIZA and New Democracy, the latest betting odds provided by four bookies suggest there will be a clear result both for the winner and the t...
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Greek shares up for the third straight week on strong performance from banks
EconomyThe Greek stock market headed north for the third successive week posting gains of 3.9 percent mainly driven by banks (+18.6 percent), which continued recording strong gains for the third week in a row. The quadriga’s mission chiefs concluded on Friday ...
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Greece steps up effort to bolster relations with Iran
PoliticsForeign PolicyGreek Foreign Minister Nikos Kotzias visited Tehran on November 29-30 in an effort to enhance Greece’s bilateral relations with Iran as well as to prepare the ground for the visit of Prime Minister Alexis Tsipras, who is expected to travel in the early ...
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Prior actions completed, coalition now faces up to first review and contentious reforms
PoliticsGreek Politicsprotested en masse in Athens against these proposals, leading the government into the uncomfortable position
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Greek stocks surge 9 pct, up for third successive week
EconomyThe Greek equity market headed north for the third straight week soaring by 9 percent on the back of a 5.5 percent rise last week. The improved investor sentiment was accompanied by increased trading activity also fuelled by a continued rebound in the g...
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Greek stocks rise 2.4 pct, up for fourth straight week
EconomyThe Greek stock market has advanced for the fourth successive week, albeit at a slower pace of 2.4 percent, from 9 percent in the previous week, in the aftermath of the mission chiefs’ return to Athens and improving sentiment in the global markets. Foll...
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Unpaid taxes reach 86.3 bln, 60 pct racked up since crisis began in 2010
EconomyMacroeconomyThe annual report of the General Secretariat of Public Revenues (GSPR) revealed that 60 percent of the outstanding tax debt of 86.3 billion was created during the crisis years. In specific, 40.2 percent of unpaid taxes was created before 2011, 44.4 perc...
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