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Coalition pledges to demolish illegal buildings following Mati fire
PoliticsGreek Politicsin the next few weeks, he said. Despite demolition verdicts being issued in the past, it has been... the flattening of these buildings is also motivated by the fact it has linked the illegal construction... construction that has marred much of Attica also means that the government can deflect questions about its
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Banks try to build on growing confidence
EconomyBankingat 16.31 billion. Since the start of the year, Eurosystem funding has fallen by approximately 17.37... basis in the first six months of the year. Piraeus Bank has become the second Greek bank..., are expected to bring their ELA funding down to zero this autumn. The reduction in ELA has been
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeatures, with Italy alone receiving 12 percent. Demand for Greek exports in Italy has risen by 57 percent.... In the last eight years, German demand for Greek imports has risen by 15 percent. Meanwhile... of low pricing has allowed these products to gain a firm foothold in the global market and offset
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeto announce at the Thessaloniki Expo on September 8 has suffered a setback. Tsipras was meant to have... these plans and it appears that no such decision has been taken so far. The measures in question... in Athens in September to begin talks regarding next year’s budget. The draft version has
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Soldiers' return from Turkey provides Tsipras with timely boost
PoliticsGreek Politics. In what has become a difficult summer for the prime minister, largely because of the disastrous fire... that has struck Turkey. There have also been suggestions that the soldiers were freed due to the pressure..., coverage of their return has been extensive, providing a rare moment of respite for Tsipras and his
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Tsipras seeks to capitalise on bailout exit, build platform for elections
PoliticsGreek Politicsof the moment, but to set out policies that will help convince voters a corner has been turned... minister speaks at the Thessaloniki Expo on September 8. Nevertheless, it has been reported... pledges will be the scrapping of next year’s pension cuts. However, this has yet to be discussed
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Greek banks push for return to normality
EconomyBankingfor a second consecutive month. Since the start of the year, Eurosystem funding has fallen... Eurobank. The so-called Pixel portfolio has attracted strong interest from overseas investors... in terms of business loans, which would begin to reverse the credit expansion that has been in place
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Crisis-era productivity in Greece lowest among OECD countries
EconomyFeaturesreport noted that a concern over recent years has been that many jobs were being created in lower..., Greece lags comparator countries in competitiveness, and has much to do to achieve higher productivity... that Greece’s productivity has been historically low due to a relatively low openness of the economy
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SYRIZA and ND go head-to-head over promises to lighten tax burden
PoliticsGreek Politicsunderlined that he has no intention of allowing any let-up in the pressure on Tsipras ahead of the name deal.... Should the “yes” vote win, the agreement then has to be ratified in the parliaments of both countries, which also promises to be an uncomfortable process for Tsipras as only centrist To Potami has
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PM stands by Macedonia name deal, Kammenos continues to sow confusion
PoliticsGreek Politicsthat the current government has handed over the right to Greece’s neighbours to call themselves... not clear who will support the deal apart from SYRIZA MPs (145/300). Centrist To Potami has indicated backing but there are doubts whether all of its six MPs will vote in favour. Also, there has been
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