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Erdogan comments draw new, but cautious, response from Athens
PoliticsForeign PolicyAthens has been forced to respond to remarks by Turkey’s President Recep Tayyip Erdogan suggesting... of the campaign to retake Mosul from the Islamic State, as Turkey has been excluded so far from this military campaign which has the support of Western allies led by the US. These comments were made just
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Programme talks on fiscal issues open wide range of concerns
EconomyProgramme. The Finance Ministry has tried to play down the institutions’ concerns stressing the budget.... However, the Greek side has not accepted this proposal noting that the level of the tax-free threshold has been agreed with the institutions and was legislated last May. Finance Ministry sources also noted
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After TV permits setback, scrutiny of State Minister Pappas intensifies
PoliticsGreek Politicsa few days ago. Artemiou, who has been linked to accounts included in the Panama Papers, said he... of the matter, with nothing significantly suspicious relating to Pappas emerging. The state minister has... of criticism. However, there has been no sign that Tsipras is considering ousting him in the cabinet
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Unemployment rate edges up to 23.4 pct in August
EconomyMacroeconomyto 1.13 million. Over the last 12 months, the number of employed has grown by 57,700 but has been on a decelerating trend in the last five months. In addition, the number of unemployed has dropped by 59,800... has a similar forecast of 23.3 percent for 2016 and a more optimistic one for 2017, with the jobless
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyto 25.51 billion euros in October, to a new low since December 2012. It has been cut by 14.29.... At the same time, ELA funding narrowed to 46.27 billion euros, while has been reduced by 40.6 billion since June 2015. Almost half of this decrease has been posted over the last five months on the back
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The Greek debt circle can be squared
AgoraFrom the beginning of the crisis, Greece’s debt has often been the elephant in the room. Over the last year it has taken on the form of an unsolvable equation as key decisions makers have taken positions that do not appear to overlap. The International Monetary Fund (IMF) has adopted a consistent
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturespeaked in 2007, and has been falling ever since. Additional taxes and shrinking disposable incomes... issue for a country which has refined petroleum and its products as its number one export product... crude oil suppliers will certainly disturb the careful balance to which Greece’s refining industry has
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Presidential shuttle diplomacy between Athens and Berlin
Agorawas a major takeaway from Obama’s Athens visit. As outgoing US president, he has taken the liberty.... What is rather uncertain at this point is the amount of leverage he has left in his remaining days..., will continue to remind the European creditors that Greece is the continent’s problem. He has
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Contrasting views on Cyprus breakdown; Greek role under scrutiny
PoliticsForeign Policydifficulties in efforts to reach a solution. The Greek and Greek-Cypriot sides believe that Turkey has... Cypriot side has hinted that the Greek side played a damaging role by insisting on the withdrawal... as well. and this has been supported by some press reports in the Greek Cypriot papers. This may be why
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Having failed to resolve differences, Greece and lenders enter new week of talks
EconomyProgrammeto the funding of the guaranteed minimum income (GMI). Its funding for next year has been resolved. Regarding... application has to be approved by 60 percent of creditors. Meanwhile, European Commissioner..., Moscovici said that significant progress has been made on the second review and technical details
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