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As SYRIZA looks towards centre, will New Democracy turn to its right?
PoliticsGreek Politicsthat it can gain the trust of a section of the Greek electorate that would consider voting for SYRIZA... privatised by the coalition. He also talked up the importance of the private sector in the Greek economy...: to feel safe about the euro area and the prospects of the Greek economy and to see serious public
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Greece: Where did it all go wrong?
Agorapercent of GDP. This was accompanied by the first Greek credit account surplus on record. Both were... on its pledge to consider “certain debt reduction measures” even though a Greek primary surplus had... had been burnt before by unreliable Greek statistics. However, even when Eurostat confirmed
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Why is Europe worrying about SYRIZA?
Agorafor the exit from the euro and for a default on Greek public debt. Today it is party whose program... political leaders around Europe continue to present the Greek elections as an incoming Armageddon... yesterday that some compromise on Greek debt will be have to be found, even if some northern countries
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Spain is not Greece: Part two
Agorato his then Greek counterpart, Antonis Samaras –the only head of a European government who did... in the country’s recent history. One week after the Greek elections, Podemos showed its muscle with a massive... was nervous,” the Greek prime minister, Alexis Tsipras, said in the first meeting after the elections. “He
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Greece and lenders already at apparent impasse, with options narrowing
PoliticsGreek PoliticsThe distance between the Greek government and its lenders appears to be growing, with creditors... by the Greek government runs counter to the February 20 Eurogroup agreement. Leaked extracts of a letter.... With the mood souring and the Greek government looking increasingly isolated, crisis talks are set to take
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Fitch keeps Greece's rating at 'CCC'
Economyfor Greek banks are putting extreme pressure on the Greek government funding. Although Fitch expects..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... that it will be challenging for the Greek government to maintain a primary surplus this year aw weaker domestic demand
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The key points from Greece's proposal to lenders
EconomyProgrammeto the Greek document to create the appropriate conditions for the refinancing of the debt through the markets... by the Greek government: Fiscal The primary surplus is seen at 0.6 percent of GDP in 2015, increasing...) An optimal legal and economic solution for the repayment of Greek government bonds (GGBs) held by the ECB
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomyGreek private sector deposit flow displayed inflows of 449 million euros in August from outflows... time, Greek banks’ reliance on Eurosystem funding slipped for the second straight month by 1.23... Governing Council decided to lower the ELA ceiling for Greek banks three times by a total of 2.1 billion
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammepositive assessment of the progress achieved so far and the cooperation between Greek authorities... euros. The Greek government has so far not indicated how it will cover this amount, although... of the Greek society since they involve a large number of individuals and SMEs. Market sources
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Fitch affirms Greece’s rating at ‘CCC’
Economyin case Greek politicians or the public sees it as a distant or unattainable prospect. Fitch believes that despite a slim majority, the Greek Prime Minister Alexis Tsipras will be able to continue... would lead to a moderate pick up in deposits in H2. Thus, it expects Greek banks will continue
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