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Greece's biggest problem? Society's lack of openness
Agora. As has been confirmed by numerous key players since then, the formation of a coalition government...’s biggest problem, which it has done little to deal with, is its lack of openness as a society... reporter for Kathimerini newspaper in Athens, Greece. He has just published his first book "The 13th
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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek Politics) in order to reduce its debt and the deficit targets it has to meet in the coming years. It is estimated that the HFSF has around 11.5 billion euros in its buffer but some of this might be needed... won the vote with the backing of only its own 155 MPs. This means it has to secure the support
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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomypeaked at 104.1 in June and has dropped by almost 2 points since then. Nevertheless, the year to date... exhibited high volatility until October 2012. Since then, it has recorded a broadly upward movement... then, the headline figure has enjoyed cumulative gains of more than 25 points. The other four business
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Tsipras bolsters ties with Europe’s rising leftists but also looks beyond
PoliticsGreek PoliticsFor the last couple of years, SYRIZA leader Alexis Tsipras has described what seemed like a leftist... in their countries. Certainly, the dynamic created by the rise of SYRIZA and more recently Podemos has given... but has postponed this in the wake of reports about Luxembourg signing tax avoidance deals
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Uncertainty feeding tension within SYRIZA as well as Greek government
PoliticsGreek PoliticsThe failure to reach an agreement with the troika has increased tension within the government... leader Alexis Tsipras has offered to agree on a new president with the government as long as Prime... party, which has been on an upward trajectory for the last three years. It is unlikely
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingof employees has been reduced by almost 2,000 YoY to 16,528 at the end of September, while 430 branches have... that a second voluntary retirement scheme is underway targeting 1,200 employees, while the network has retreated by additional 70 branches to 803 in November. Piraeus said it has realised 71 percent
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Waiting for Godot in Greece
Agoraof someone named Godot. The current situation in Athens has remarkable similarities with this classic... stakeholders concerned in Athens, Washington, Brussels and Frankfurt. As has become the established roadmap... and its international creditors, the fact remains that yet another evaluation round has underlined
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Greek economic sentiment and consumer confidence up again in November
EconomyMacroeconomywas recorded in June at 104.1 and has eased by 1.4 points since then. However, the year to date (YtD.... Since then, it has been on a mostly upward trend with cumulative gains of 23 points over this 2-year... then, it has been moving upwards with cumulative gains in excess of 26 points to date. Three of the other four
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammethan 30,000 jobs would be lost. Note that SETE has recently upwardly revised its forecasts... as well as abolition of the reduced VAT rate in islands. It is thought the government has not conceded any...) with estimated cost savings of 70 to 80 million euros. On the public sector, the government has proposed
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Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
PoliticsGreek PoliticsThe government has decided to move forward by around two months the presidential vote in Parliament... more ground than it has during the last few weeks on fiscal and structural measures. Moving... of surviving the presidential vote but the result still remains in the balance. However, it also has
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