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Newsletter 123 - 16/06/2017
to weigh this against the fact that the IMF does not consider the eurozone has made enough progress... with lower ECB funding by 819 million. Eurosystem funding has been reduced by 9.69 billion since... with the corresponding period a year ago showed that the jobless rate has decreased by 1.6
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Greek media often sensationalised coverage of refugee crisis, study argues
SocietyA study by the Ethical Journalism Network has highlighted the conflicting approach of Greek media..., spurred on by religious leaders. The media, meanwhile, has failed to humanise refugees who are now... crisis has largely fallen off the agenda of the local media who have reverted to covering sensational
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Coalition defends deal with lenders, opposition exerts pressure
PoliticsGreek Politicsthat the country’s economy performs strongly. At the same time, the government has tried to kill off any... to the agreement in the local media has been largely unenthusiastic. The opposition parties, meanwhile... the lenders asked for. New Democracy has also asked for a parliamentary debate to be held
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Greek university system out of sync with economic reality, study finds
SocietyA major study has found that Greece’s higher education system is still not focusing on degrees... university system has not adapted to the new reality of the post-crisis job market, continuing to churn out... sector in Greece has all but collapsed. Over half (53 percent) of graduates from Greek universities
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Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
Economymeasures and considers that the progress made so far illustrates how the risk of Grexit has diminished... economy has definitely turned the corner, positive GDP growth is expected in 2017 after three years...’ legislation has been achieved reducing political risks. Successful conclusion of the programme would
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyedging down to 24.25 billion. Since the beginning of 2011, credit contraction has prevailed in the Greek banking market. The loan balance has dropped by 25.4 percent amid continued deleveraging, with net deductions of more than 40 billion euros. The sharpest decrease over this six-year period has been
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsthat has been created after Moody’s upgrade of Greece's credit rating . The first return to the markets... believe that a completely clean programme exit is possible and Tsipras has an unenviable record... that his government has managed to move the country forward. If he taps the market at a similar
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Some optimism for Cyprus talks but complex issues remain
PoliticsForeign Policybehind closed doors has not yet been leaked or published. Much is being said and negotiated... of negotiations has all the necessary tools to provide a reliable political framework that could form the spine... beyond the political framework and get lost in the details, as has happened many times in the past.
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Athens hopes for sub-tranche this week, ND keeps up pressure on Kammenos
PoliticsGreek Politicsto approve the Supplemental Memorandum of Understanding but noted that Athens still has to satisfy its... has been resolved and that two ministerial decisions relating to the engineering profession and the out-of-court mechanism are pending. He claimed that the IMF has not asked for confirmation right now
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Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
EconomyMacroeconomywhen data was first made available. Over the last 12 months, the jobless rate has been reduced by 1.9... (ELSTAT) figures, the lowest reading for Q1 since 2012. The IMF has adopted an optimistic unemployment forecast of 21.9 percent for 2017. The OECD has said that it expects the jobless rate to settle
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