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Greek industrialists decry conditions as another major firm moves its HQ abroad
Economyproduction index has recorded a 29 percent fall since its peak in July 2008 and despite signs... important sector”. “SEV has warned for some time that Greek industry, despite its remarkable.... It is the latest in a series of critical interventions from SEV, which has accused the government
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Samaras and Venizelos rule out elections but can't be sure they won't happen
PoliticsGreek PoliticsGreece’s coalitions has decided against calling snap elections in the wake of Golden Dawn arrests... is also trying to stay ahead of the game in that respect. He has presented a plan for changing Greece.... It is not clear if this could stand legally. With regards to the one MP that Golden Dawn has elected from
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Rising clinical depression hints at hidden side of Greek crisis
SocietyThe proportion of Greeks suffering from major depression has increased substantially since 2011... that has a monthly income of less than 400 euros has the symptoms of clinical depression. Depression... points to some more specific factors causing depression among Greeks. There has, for instance, been
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What is the state of play with Greek banks?
Economyover the past three months, has also triggered increased interest from the investment community.... Furthermore, a 6 percent cut in bank employee wages has already been in effect retroactively as of January 1.... Although the second quarter results showed that NPL formation has either stabilised or decelerated
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Eurozone periphery condemned to low wages, demand, EC study suggests
Economyon the decisions taken by core euro area countries, particularly Germany, which has been setting the tone... pursue fiscal retrenchment across the eurozone. It is what lies behind this criticism that has wider... between the periphery and the core does not widen again. This means the periphery has to perform
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Kammenos ups rhetoric but Independent Greeks' future unclear
PoliticsGreek PoliticsThe leader of anti-bailout Independent Greeks, Panos Kammenos, has never been reluctant to express... hit a nerve. The term he used is particularly loaded at the moment because Neo-Nazi Golden Dawn has... Zois, set up his own right-wing movement. However, a possible alliance with SYRIZA has the greatest
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Seven in 10 Greeks raiding savings to pay bills, two in 10 have no deposits
Societyyears. Household disposable income has retreated by 22.3 percent over the last three years, tax revenues... into their savings to cover basic costs and pay their growing tax bills. Of course, this has a knock... people questioned believe their economic situation has worsened over the last year. Meanwhile, 92
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Off the isles of Greece
Agoracaused their boat to tip over. Greece's Merchant Marine Minister Miltos Varvitsiotis says he has data... explanation and has called for an investigation. The Council of Europe’s Commissioner for Human... are being left largely unaided to deal with a problem that has to do with the EU as a whole. Last year
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Polls turn in SYRIZA’s favour but also show that doubts persists
PoliticsGreek Politicsmight take. However, European Economic and Monetary Affairs Commissioner Olli Rehn has now indicated... vote in May. With misgivings persisting about the economic recovery the government has promised... polls also pose some difficult questions for SYRIZA. The Metron Analysis survey has 59 percent
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Key Greek election date firms up; turnout could prove crucial
PoliticsGreek PoliticsThe date for what is certain to prove one of this year’s watershed moments has been set... of Greeks who cast a ballot in the European elections has been dropping steadily to an all-time low of 52.6... that public opinion has shifted decisively in their favour. SYRIZA would also find it difficult to declare
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