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  1. S&P acts in wake of ECB decision and downgrades Greek rating to B-

    Economy

    S&P lowered on Friday evening its long-term rating on Greece by one notch to ‘B-‘ from ‘B’, while it maintained the CreditWatch negative, which was placed on January 28. The rating action came one month earlier than the scheduled rating review on March 13 and is justified, according to S&P

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  2. Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct

    Economy

    to 622 million, slightly above the 611 million target. One of the first interventions announced... stands at 9 billion. The government aims to collect one-third of the effective overdue taxes

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  3. Rifts in New Democracy as Samaras vows to stay as leader

    PoliticsGreek Politics

    challenge following her failed attempt in 2009, when she was beaten by Samaras. One of the interesting... did not come from a specific camp within the party, such as the one still loyal to former Prime

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  4. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    reflects a Public Investment Budget (PIB) deficit of 930 million euros. Property tax One of SYRIZA’s... billion and initially indicated it would target to fetch revenues at one-third of the collectable

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  5. Coalition ready to pass first legislation as agenda for lenders' talks grows
    Photo by MacroPolis

    PoliticsGreek Politics

    for the SYRIZA-led government that the first piece of legislation it passes should be one aimed at helping... programme, especially as this was one of the areas of policy making where previous governments were

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  6. Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain

    EconomyProgramme

    (table 3.4), with one amendment on the privatisation revenues of around 300 million. However... to the EAP methodology: The three adjustments also noted in the press release plus another one worth 663

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  7. Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it

    EconomyMacroeconomy

    Finance Minister Nadia Valavani initially indicated that the MoF would target the settlement of one... the payment of one installment in 2015 and two in 2016, he falls out of the installment scheme and back

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  8. Greece: The moment of truth is inexorably approaching

    Agora

    Greeks is based on at least two commonalities: a narrative of resentment against one enemy (the troika and its domestic servants) and one solution (end of austerity by not recognizing the bailout

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  9. After paying IMF, Greece looks to cover remaining funding needs for March and April

    EconomyProgramme

    until mid-April. One of the options for covering the internal obligations such as the payment... for such an extreme measure. One of the key existing solutions involves the use of pension

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  10. Tsipras heads for Russia with specific aims, including halting speculation
    Photo by neiljs via Flickr https://flic.kr/p/5ZHNPu

    PoliticsForeign Policy

    embargo on Greek agricultural products as Greece is one of the countries suffering economically..., then Athens’s choice to make Russia a strategic partner seems absolutely logical. There is, however, one

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