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New obstacle for privatisations as court blocks sale of water firm
EconomyGreece’s highest administrative court has blocked the sale of the Athens water company, raising new... Asset Development Fund (HRADF) was blocked. EYDAP has the exclusive right to provide water... has the responsibility to care for the health of citizens and guarantee the right to health
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Election results in Greece lift uncertainty, for now
Agoraelections in the country’s political scene has been relative, but the stakes for these elections had... performance of Elia has also raised eyebrows. Already, ex PASOK MPs who had departed the party expressed... elections, before the moment arrives to elect a new president of the republic in early 2015, has
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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek Politicstranche of 1 billion euros as it has not yet completed its “prior actions.” Beyond the Finance Ministry... reshuffle) remained at the Administrative Reform Ministry, where he has the task of managing changes... in the Papademos government, will take over at the Health Ministry from Adonis Georgiadis. This has proved
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from... billion more in July. The June deadline has been missed, partly as a result of the government... carry a political cost. One of the other commitments the Greek government has to meet this year
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Societyunemployment is nothing new in Greece, which has had a long standing problem with this issue. The rate..., long-term unemployment has morphed into the most devastating factor in Greece’s labour market... than a year. This represents over 71 percent of all those without work. Extensive research has
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European Commission paper highlights challenges for Greek exports
Economypotential could be enormous. Greece has a track record of protracted trade deficits and low openness. In particular, Greece has been experiencing a negative trade balance of circa 10 percent of GDP between 1995 and the late 2000s, which peaked at 14.5 percent in 2008. Although the gap has been closing
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsthe government and the judiciary but which has wider implications. The legislation foresees judges’ wages.... On top of that, the coalition has to pay them an extra 69.6 million euros per year. The amendment adopts... has already factored in the amount needed to increase the judges’ salaries to previous levels
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Bid to form alliance for PPC referendum tests SYRIZA's political mettle
PoliticsGreek Politicsspectrum, there has been talk of cooperation between them over the last couple of years. Democratic Left... for SYRIZA's idea up to 102. Given that the opposition party has made it clear it has no intention... and the Communist Party (KKE), which has 12 lawmakers, to back the proposal. However, a discussion
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Recovery of farming subsidies threatens to widen Greek fiscal gap
Economyeuros a year extra on top of that. Also, the coalition has to come up with an extra 650 million euros... two years ago. Unlike the money for the judges, this extra expense has not been budgeted for and will affect the fiscal gap. The troika has stressed that no additional measures are required in 2014
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Greek coalition locked in dispute over public sector reform
PoliticsGreek PoliticsGreece's coalition appears to have averted one political confrontation this week but has found... a way to navigate this obstacle. It has reportedly removed all the controversial aspects... the coalition with some relief, there is still a simmering internal dispute to deal with. PASOK has
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