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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomymore than 70 percent of GDP but has posted a cumulative drop of more than 24 percent since 2008... coalition government has not yet disclosed its macro assumptions for this year. The Commission has
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammethe existing budget framework or that has implications for financial stability. c) No action towards... the 8-billion-euro capacity of the Hellenic Financial Stability Fund (HFSF) that has yet to be used... legislating on how to deal with NPLs and the backlog of tax arrears, which has reached around 70 billion
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Tsipras faces dissent from SYRIZA MPs but serious rift unlikely at this stage
PoliticsGreek Politicsthe challenging process of implementing the agreement his government has reached with Greece’s creditors became... Lafazanis, who has already gone counter to the government’s position on privatisations, and Alternate..., this could be a move that backfires on the prime minister, who has promised greater transparency
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Greek digital economy lagging due to weak demand, lack of skills
Societythis week has found. Greece ranks 26th out of the 28 EU member states, according to the 2015 Digital... has progressed since the previous survey in terms of connectivity, almost two in five households have... average. Greece, the report found, has the second lowest share of ICT specialists in the workforce
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Tsipras to meet Merkel amid search for political backing
PoliticsGreek Politicsgovernment has insisted that the solution to its difficulties lies in reaching a political agreement..., however, has been repeatedly referred back to the February 20 Eurogroup agreement for a four-month... a specific primary surplus target at this stage. A potential compromise that has emerged
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingby a 5 bps contraction in the loan spread. Compared to Q4 2013, loan spread has eroded by 13 bps, while deposit spread has improved by 42 bps. Expenses Operating expenses (excluding integration... billion with the bulk (4.2 billion) related to EFSF bonds. The bank also noted it has additional ELA
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EU summit talks give Greece narrow window of opportunity for reforms
PoliticsGreek Politics. The statement adds little to what had been agreed previously but underlines that the process has... billion euros takes place soon remains an option, as it has been since February 20. According to reports in Greece, Tsipras told the EU officials that his government has enough cash to meet obligations
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammeThe Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two key transactions, which are the most important for April’s obligations. The first relates... has publicly insisted the coalition has enough cash to cover April’s funding needs, amid market
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Government's strategy unclear as pressure from lenders mounts
PoliticsGreek Politicsmajority means it does not need a new mandate. The idea of a referendum, in particular, has been in SYRIZA’s thinking since it was in opposition. It is also an idea that has strong support among... the coalition considers to be no-go areas, or “red lines.” The focus for a possible agreement has now
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Golden Dawn trial begins against complex political backdrop
PoliticsGreek Politics, which has largely been able to hide behind a cloak of populist nationalism. The arrest of Golden... as their coalition partners. This makes for a potentially explosive political mix. Golden Dawn has...-influenced November 17 terrorist group, could be among those allowed to leave prison. This has angered
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