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  1. Here's what's in the 2015 draft budget the Greek government has just unveiled

    EconomyMacroeconomy

    , the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than the 2.3 percent included in the Medium-Term Fiscal Strategy (MTFS) 2015-18, but still higher than... than the 2.5 percent incorporated in the MTFS and slightly below the EAP target of 3 percent

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  2. Newsletter 8 - 19/12/2014

    Newsletters

    Dimas gathered just 160 votes – less than even the most conservative estimates had expected... are among more than a dozen MPs who are considered possible supporters of the government candidate. Even... than four years in Q3, when it rebounded by 2.1 percent. This was only the second positive reading

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  3. Greek time deposit rate down to 1.88 pct in November, lowest since euro entry

    EconomyMacroeconomy

    deposit rate reached a high of just over 5 percent in June 2012 and has slipped by more than 3... in excess of the euro area average of 1.05 percent and more than 60 bps higher than the respective... a sharp rise of 51 bps posted in October. However, this rate still stands more than 2.5 percentage points

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  4. Sowing the seeds of anomie in Greece
    Photo by Harry van Versendaal

    Agora

    implored the party’s lawmakers to be “whiter than white, purer than pure”. Unfortunately, it didn’t... to the hilt. It appears to be a case of wanting to avoid short-term political pain rather than laying... to understand why he did not receive more severe punishment than a one-year suspended sentence. An average

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  5. Newsletter 29 - 05/06/2015

    Newsletters

    Lenders seek more measures Demands are more than what previous government agreed to Greece’s lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... to direct tax revenues of 980 million and to contingent revenues of more than 500 million, which would

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  6. Greece: After a deal, work on a solution
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    will be a short-term fix rather than a long-term solution. Instead, Greece must formulate a long..., such as Finland, or have a less hawkish stance than Germany, such as France and Italy. For Portugal and Spain... its labour market considerably since 2011, and it is now more flexible than Germany’s, according

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  7. How Greek banks were left on the brink
    Photo by Harry van Versendaal

    Agora

    were oversubscribed more than 1.5 times amid strong interest - primarily from international... this 5-month period shows that households withdrew 22.3 billion euros making up more than 70 percent... than 42 percent of outflows were and remain in cash and are stored, particularly by households

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  8. Newsletter 34 - 10/07/2015

    Newsletters

    reflecting domestic consumption rather than increased tourism activity. Triggered by a panic to hoard medicines rather than cover their actual needs, citizens also rushed to pharmacies, where child... than 40 brokerage firms, have suspended operations. Payments of a large number of utility bills

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  9. Tsipras and the binary opposition
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    as it was the first time that a party other than New Democracy or PASOK had won a vote in Greece since... a figure more suitable to keeping the party’s MPs and grassroots united rather than launching... point will require more drive and vision than has been on view during her long political career, which

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  10. General gov't primary cash surplus markedly better in July but arrears climb

    EconomyMacroeconomy

    improved to 2.26 billion euros in July, which is more than double year on year (YoY). This was mainly... percent MoM. Since the beginning of the year, arrears have grown by more than 52 percent or 1.97... million corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also

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