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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomyIn its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015. The updated forecasts are marginally be...
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek PoliticsThe coalition passed an amendment through Parliament this week which means it will have to pay judges an extra 70 million euros a year. It is a move that should help repair relations between the government and the judiciary but which has wider implicati...
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingPiraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which will make it the first Greek bank with zero reliance on any of the three pillars of the capital and liquidity support programme (Law 3723/2008) that was i...
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EU officials see Greek deal close, broad debt talks to follow
PoliticsGreek PoliticsTwo of the key players in the negotiations over Greece’s second programme review expressed some optimism on Tuesday that an agreement between Athens and its lenders could be reached in the next few days. European Economic Affairs Commissioner Pierre Mos...
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Govt lines up strike legislation to follow brief pause after budget vote
PoliticsGreek PoliticsWednesday night’s budget vote is likely to wrap up the conservative government’s economic business for the year, although there is some speculation that Prime Minister Kyriakos Mitsotakis might try to squeeze in some more handouts before 2019 is over. T...
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Reshuffle speculation follow snap polls rumours as ND enjoys ratings bounce
PoliticsGreek PoliticsDespite government officials publicly dismissing the latest round of rumours about snap polls this autumn, the speculation persists as a new week gets underway and has been augmented by suggestions that Prime Minister Kyriakos Mitsotakis may carry out a...
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Mitsotakis tries to move on from Samaras row but more fallout may follow
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has attempted to draw a line under his spat with former Premier Antonis Samaras, but the matter is likely to run as long as the former New Democracy leader does not make his intentions clear now that he has been ousted...
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomyincrease in the cumulative debt reflects payments against ‘old’ debt, which amounted to 852 million so
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomya positive impact on general government fiscal figures of 852 million (0.47 percent of GDP) in 2013
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyentities. Similar to January, the state budget recorded the highest surplus at 852 million, yet
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