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Tsipras seeks "Club Med" unity as refugee crisis, debt talks move up agenda
PoliticsForeign Policy’s position as talks over its bailout move into a crucial phase this autumn, when the International Monetary Fund’s participation will be decided and debt relief measures will be discussed. However... in this as SYRIZA’s ally has voted against government bills before, such as civil partnerships and citizenship
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek Politicsuntil next summer and is not desperate for funding. Bigger threats to Tsipras’s premiership seem to lie..., especially with the flash estimate for the Q2 GDP figures published last week suggesting this year’s target... on the edge uppermost in the public’s mind. Conservative leader Kyriakos Mitsotakis has returned from his
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Apart from bailout review, plenty to keep Tsipras busy in autumn
PoliticsGreek Politicsalliances that work in the country’s favour, especially after the acrimony of 2015. Internationally... year. Tsipras’s other goal in holding the meeting is to try to create a united front on economic... over the past few weeks, Greece’s focus is on ensuring that relations between Turkey and Europe
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from... and impairments of 0.3 billion. The bank’s Eurosystem funding fell by 1.4 billion QoQ to 22.7 billion... the bank disposed 0.4 billion EFSF bonds in ECB’s asset purchase programme. As a result, the bank’s
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Refugee crisis charade adds insult to EU's injuries
Agorathat suggested a complete ignorance of the situation on the ground. Let’s just look at the current... on this situation seems incredibly cruel. Nevertheless, the European Commission appeared to back de Maizière’s... to comments by Commission spokesperson Natasha Bertaud, a day after the German minister’s intervention
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The portfolio investment showed a marked rise of 4.9 billion in resident’s external assets in July, largely due to an increase of 5 billion in resident’s holdings of foreign bonds and T-Bills. Meanwhile, the corresponding liabilities fell by 2 billion reflecting a drop in non-resident’s holding
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Government under pressure from TV permit and Attica Bank claims
PoliticsGreek Politicsover the past days. The Council of State, Greece’s highest administrative court, is set to give in the next few weeks its final verdict on the appeals against the tender by several of the country’s... at Attica Bank, the lender that provided Kalogritsas with his letter of guarantee. The Bank of Greece’s
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economya more conservative stance on the fiscal outcome, which is however consistent with its view on Greece’s... percent and Greek government’s estimate of 0.63 percent. For 2017, the IMF estimates a primary surplus... of 1.75 percent. Going forward, the IMF projects Greece’s primary surplus at 1.6 percent of GDP
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Greece's taxing challenges
Agoraof Greece’s GDP in 2015. The World Economic Forum (WEF), which organises the annual Davos Forum... argue that they are dictated – by Greece’s international creditors. One should not forget... of Greece’s skewed tax policies during the past six years. Repeatedly increasing and expanding tax
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Greek Pharmaceuticals: The little pill with big potential
EconomyFeaturesin addition to an overall workforce of 50,000. Exports cover some 20 percent of the industry’s turnover... that is continuously consuming more medical products due to the population’s aging. According to data from ELSTAT.... In 2012, the birth rate fell below 100,000 a year for the first time since ELSTAT’s records began
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