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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeof the primary surpluses that Greece has to maintain. In an interview with Naftemporiki newspaper on Wednesday... period, Greece has been running a primary deficit in the region of 3 percent of GDP. The only exception..., only one country in the sample has managed to meet and maintain for longer than a decade. The IMF
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SYRIZA tries to look forward but struggles to escape past
PoliticsGreek Politicsof the second review and the return to the markets has given the coalition some breathing space... within SYRIZA, which has been calling for a cabinet reshuffle recently. There have been reports... members of the government, such as Pappas. However, this has been denied by the coalition
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Fires latest obstacle to coalition's momentum-building efforts
PoliticsGreek Politics. The developments are another blow to the government, which has struggled to shape the narrative as it would like... to this sequence of domestic challenges, he has not been able to construct a convincing case that Greece is on its way to recovery. The other problem he has is that the media has already started turning
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Newsletter 131 -15/09/2017
in the week that three-year licences had been issued for the firm’s Olympias plan, which has been operating... of the first programme review, central bank funding has fallen by 50.41 billion, with around two-thirds... for the fourth straight month Building activity has been on the rise in recent months. Building
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Economic sentiment breaks 100-point mark in Sept, consumer confidence up by 3.3 pts
EconomyMacroeconomysince December 2014. Following the dips in the first half of the year, ESI has improved by 5.5 points..., rising by 3.3 points in September to stand at -53.7. On a year to date basis, the index has gained.... In the year to date, industry confidence has improved by 5 points, services confidence has jumped
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek Politicsby a double-digit increase in investment. This is one of the reasons that the government has been... The consortium that has won the right to build offices, shopping centres and apartments on the site is paying some 900 million euros for the land and has pledged another 8 billion euros in investment
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Tsipras hopes to move on after decision on ex-airport project
PoliticsGreek PoliticsThe government believes that it has overcome the hold-up on the redevelopment of the former Athens... further legal obstacles may lie ahead, Athens clearly believes that it has got over the largest... that if the Hellenikon issue is settled, along with the problems the government has encountered
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Tsipras sets off for USA as prior actions, e-auctions dominate at home
PoliticsGreek Politicsthat the coalition is aware that it still has a lot of ground to cover before the completion... generate new momentum in efforts to promote the recovery narrative that the government has been focussing...) the option of further measures will be raised by Greece’s European lenders. The IMF has also raised
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Back from the brink: What next for Greece's property market?
EconomyFeaturesin 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent being the slowest..., properties denominated in euros become less affordable. The result has been that estate agents in some... market. The popularity of high-end tourism destinations such as Santorini and Mykonos has boosted
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Tsipras returns from US with positive sentiment but absence of tangible results
PoliticsForeign Policyto attract investment. He argued that his government is simplifying licensing procedures and has passed... just start by saying that I think it has a great role in stability in the area. We have a feeling..., which Washington and the US Embassy in Athens has given much attention to recently. “On energy, we
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