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Progress seen after Brussels talks but review conclusion still out of reach
PoliticsGreek Politicsthree years. This has not been confirmed. With regards to the measures to open up the energy market... if the text did not make reference to the European social model and labour rights. Athens likely thought this might put more pressure on its European lenders to force the International Monetary Fund to let up
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BoG report highlights economic challenges, proposes way forward
Economyand makes proposals that would free up the country’s potential to accelerate growth. The economy... of the state and companies, impacting the growth prospects. The challenging fiscal path up to 2023... out a set of policies that will transition Greece towards a “sustainable, extroverted growth model led
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicsof grants available. The breakdown for Greece will see Athens having access to up to 38 billion euros from... said that the target is to use these funds to overhaul Greece’s “production model.” All member states... as being high up on his agenda. The final amount available to Greece and the fact that there was no major
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Athens assessing lay of land as Cyprus talks approach and UK seeks new role
PoliticsForeign Policy. The clock is ticking down to the March EU Council for which Athens needs to draw up a specific strategy... of a confederation as a more flexible alternative to the model of “two-states solution”. The Turkish side... the president on the island will only have ceremonial power. It is not clear how this model will work
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Left pulls together against ND's labour reform bill
PoliticsGreek Politicsand leading a “race to the bottom” in workplace protection and earnings. The contrast drawn up.... “We must decide whether we want a growth model based on research, innovation and well-paid work... and earnings. The contrast drawn up between the two sides was illustrated by SYRIZA press spokesman
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Greek stocks drop 2.6 pct over week, banks drop 7.4 pct after big gains last week
Economy. In addition, turnover improved by almost 10 percent to 93.8 million, while EBITDA edged up by 2.8 percent
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Sharper drop for retail sales in July points to lingering recession
EconomyMacroeconomyAuthority (ELSTAT). A similar drop (14.0 percent) was also evident in retail volumes. The picture remains... smoothened out to a mid-single digit drop of 4-5 percent. Monthly volatility in the automotive fuel sector... a decrease of 12.0 percent. It is noteworthy that unlike previous years, the rate of drop in retail sales
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Industrial production continues decline with 7.2 pct drop in August
EconomyMacroeconomyThe Industrial Production Index posted a drop of 7.2 percent in August with the figure... that except for April and June, all monthly readings so far in 2013 exhibit a single digit drop of between... percent respectively), while manufacturing and water supply production showed a moderate drop of 3.8
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Drop in Greek industrial production accelerates in June, falling by 6.7 pct
EconomyMacroeconomycompared to the 0.9 percent drop posted in May, according to the Hellenic Statistical Authority (ELSTAT... production retreated 3.2 percent, mainly reflecting a double-digit drop in electricity production (-12.4... in the 6-month period. Most of the main industrial groupings recorded a drop in June with consumer
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. Despite the drop recorded so far in time deposit rates, they remain 60-100 bps higher than those... euros depicted the highest drop at 120 and 101 bps respectively. The former now stands at 6.60 percent.... The combination of an 8 and 54 bps drop in the average deposit and loan rates, led the average spread
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