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  1. Greece: After a deal, work on a solution
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    will be a short-term fix rather than a long-term solution. Instead, Greece must formulate a long..., such as Finland, or have a less hawkish stance than Germany, such as France and Italy. For Portugal and Spain... its labour market considerably since 2011, and it is now more flexible than Germany’s, according

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  2. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    were oversubscribed more than 1.5 times amid strong interest - primarily from international... this 5-month period shows that households withdrew 22.3 billion euros making up more than 70 percent... than 42 percent of outflows were and remain in cash and are stored, particularly by households

    4%

  3. Newsletter 34 - 10/07/2015

    Newsletters

    reflecting domestic consumption rather than increased tourism activity. Triggered by a panic to hoard medicines rather than cover their actual needs, citizens also rushed to pharmacies, where child... than 40 brokerage firms, have suspended operations. Payments of a large number of utility bills

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  4. Tsipras and the binary opposition
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    as it was the first time that a party other than New Democracy or PASOK had won a vote in Greece since... a figure more suitable to keeping the party’s MPs and grassroots united rather than launching... point will require more drive and vision than has been on view during her long political career, which

    4%

  5. General gov't primary cash surplus markedly better in July but arrears climb

    EconomyMacroeconomy

    improved to 2.26 billion euros in July, which is more than double year on year (YoY). This was mainly... percent MoM. Since the beginning of the year, arrears have grown by more than 52 percent or 1.97... million corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also

    4%

  6. Crumbling Greek pension system threatens big fiscal gap, budget derailment
    Photo by MacroPolis

    Economy

    deficit of 1.67 billion euros for 2015, more than 700 million worse than the 968 million budgeted last year. The ministry indicates that this mainly reflects lower than expected social security... for retirees who have been insured with more than one fund. This is one of the key reasons

    4%

  7. Newsletter 51 - 12/11/2015

    Newsletters

    is the first negative reading since Q4 last year but is better than market polls had suggested. GDP.... The first negative reading since last year, the Q3 figure was better than predicted. 2 A valuable... and to deliver hagiographies of leaders past rather than a measured assessment of what they offered

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  8. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    surplus reached 4.35 billion euros, which is 21.9 percent higher than last year and 1.7 billion better than the target. The year to date outperformance mainly stems from lower primary expenditure... billion euros, 32.3 percent lower than last year and 1.77 billion better than target. It is also

    4%

  9. Primary surplus beat target in 2015 on higher revenues and restrained spending
    Photo by MacroPolis

    Economy

    marked by lower than expected primary expenditure by 626 million as well as higher than targeted Public... higher than target. Despite dropping by 294 million to 3.18 billion (1.8 percent of GDP), property... billion, 448 million lower than target. As a result, net revenues remained almost unchanged (-0.1

    4%

  10. Newsletter 61 - 05/02/2016

    Newsletters

    will be less wavering in his search for a deal with creditors than last year and may be willing to compromise... less adamant about protecting auxiliary retirement pay than it has about the main payments... by 14.3 percent in December, which was much more pronounced than the 1.8 percent decline in November

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