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Final act in ERT closure carries significant risk for coalition
PoliticsGreek Politics. It is the latest chapter in a story fraught with dangers for the coalition. The closure of ERT has... was also condemned by opposition parties. Public support for the shutdown has not been particularly... Safioleas (@stratosathens) November 7, 2013 Nevertheless, the government has banked on the fact
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The euro debate Greece is not having
Agorainto the troika program there is very little evidence that one of these key objectives has actually been... where the euro has to appreciate from its current levels by circa 33 percent before it starts... on this indisputable fact. It recently became evident that Germany has no intention of covering even part
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Support finely balanced as coalition enters make or break December
PoliticsGreek Politicsdestiny and that it has achieved an understanding with the Greece’s lenders. The deadlock also.... Moreover, the failure to conclude talks so far has left open a number of key questions. These include how... to adopt. Beyond that, the coalition has to pass through Parliament a new property tax to apply next year
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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsstable at 6.10-6.15 billion for 2013 and 2014. - The target for privatisation revenues in 2014 has... Chrysoloras reports that the troika has become increasingly concerned about the declining pace... billion euros. In the ensuing days, the coalition has to arrive at a formula for lifting
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyin the first nine months of the year. Greece has experienced negative growth since the third quarter of 2008 but the contraction has been slowing for the last year. This year's Q3 was the fourth... period on mid single-digit rise in exports and drop in imports. Similarly to the way GDP has evolved
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Greece could still leave euro, says Simitis, PM who engineered entry
PoliticsGreek Politicsand will not be limited to 124 percent of GDP by 2020,” writes the former PASOK leader. Simitis notes that Greece has... of this package has contributed to the collapse of the Greek economy, which has shrunk by almost a quarter... are trying to get across. Recently, Simitis has backed a new centre left movement that seeks
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PASOK unites forces with Greek "Olive Tree" for EP elections but will it be enough?
PoliticsGreek PoliticsA fledgling centre left movement made up of personalities from several walks of life has decided... democrats. Already, though, it has encountered a serious problem as DIMAR has refused to join... Minister Tassos Giannitsis has been touted as the most likely candidate. This, however, highlights one
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On Portugal, PSI and a national salvation pact
Agoraa primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over... and complete market access has been restored, including an issuance calendar, high issuance volume.... The ECB has been incredibly accommodative already with Portugal, whether one looks at Portugal’s Target2
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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomypercent since its peak in August 2010. The rate of contraction in housing loans has been hovering.... At the same time, the housing non-performing loan ratio has more than tripled to 24 percent at the end of June.... A positive sentiment for the wider construction sector has recently emerged from the revamping
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Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
EconomyMacroeconomy. The number of employed has posted a 20.6 percent drop compared to November 2009, when the crisis... the previous month figure. Over the past four years the number of unemployed has surged 169 percent... after recording a temporary decline in August. Greece currently has 3.55 million employed people
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