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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgramme, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due... official did not rule out the possibility that the measure, which has already been legislated.... The mission is expected to last four days. The draft budget has to be submitted to Parliament on October 1
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyconsecutive month that unemployment has remained under 20 percent. Before May’s figure, the last time... has exceeded 3.8 million since February 2012. The figures for those unemployed also continued... the same month last year, the number of unemployed has fallen at a greater rate by 112,401 persons
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. September’s movement brings.... Since the start of the year, Eurosystem funding has declined by around 21.44 billion. September’s... the total to 8.66 billion. September’s figure is the first time that ECB funding has increased after
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Kotzias territorial waters comment not expected to spark change of approach in Athens
PoliticsForeign Policythat Greece has no right to make unilateral decisions in the Aegean and that this would be deemed a cause for war (casus belli) as has been the case since 1995, when Turkey’s Grand National Assembly took... with the contentious plan, which has caused previous governments concern. In fact, it seems that he will slow down
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Coalition indicates it will keep focus on corruption allegations
PoliticsGreek Politicshas distanced itself from Papantoniou, who was ousted from the party several years ago, while... that Papantoniou’s detention received has also rekindled the public discussion about the corruption... that this is fertile ground for SYRIZA as it has not been in power long enough to be accused of any major
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Tsipras pushes for revision of constitution, hoping to score political points
PoliticsGreek Politicschanges that SYRIZA has focussed on in previous years are the separation of church and state... addressed both issues but adopted a less absolute position than his party has done in the past... to the constitution establishing the religious neutrality of the state. Tsipras said that he has a good
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Human Rights Commissioner calls for improvements to battered healthcare system
SocietyA report by the Commissioner for Human Rights of the Council of Europe has shown the severe impact... of 6.8 percent while OECD data indicates that spending on healthcare has been cut by nearly a third.... Mental health has worsened with widespread depression as a result of the economic crisis, which has
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Council of Europe report warns over austerity-inflamed inequality in education
SocietyA report on Greece by the Commissioner for Human Rights of the Council of Europe has outlined how... has depended heavily on paying for expensive private cramming schools. While this system existed before the crisis, the economic crisis has exaggerated it and created a clear divide between
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Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. As of the latest month, the total... euros. Since the start of the year, Eurosystem funding has declined by around 20.47 billion. October... to bring the total to 9.64 billion. ECB funding has risen for two consecutive months so far. This month
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Coalition closing in on goal of cancelling pension cuts
PoliticsGreek Politicspercent of GDP reduction to pension spending next year. The final hurdle that the coalition has...-legislated measure to be scrapped. Achieving this concession has been a major political goal for Prime... from the MoU and, in fact, that the SYRIZA leader signed up to a fourth programme. This has been one
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