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European Commission paper highlights challenges for Greek exports
Economypotential could be enormous. Greece has a track record of protracted trade deficits and low openness. In particular, Greece has been experiencing a negative trade balance of circa 10 percent of GDP between 1995 and the late 2000s, which peaked at 14.5 percent in 2008. Although the gap has been closing
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsthe government and the judiciary but which has wider implications. The legislation foresees judges’ wages.... On top of that, the coalition has to pay them an extra 69.6 million euros per year. The amendment adopts... has already factored in the amount needed to increase the judges’ salaries to previous levels
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Bid to form alliance for PPC referendum tests SYRIZA's political mettle
PoliticsGreek Politicsspectrum, there has been talk of cooperation between them over the last couple of years. Democratic Left... for SYRIZA's idea up to 102. Given that the opposition party has made it clear it has no intention... and the Communist Party (KKE), which has 12 lawmakers, to back the proposal. However, a discussion
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MacroPolis is taking the next step
Agorain Greece. Over the last twelve months MacroPolis has covered all the significant economic and financial... of the evolution of the centre-left and the fallout from the arrest of Golden Dawn’s leadership. Our team has... and attitudes in Greece today. MacroPolis has served as a trusted reference point for a number
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Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
Societyprices even though Greece has been in deflation since early 2012. Of those questioned, 84 percent said.... This has now risen to 37.9 percent. Two years ago, 27.4 percent of business owners said “not at all” when asked how optimistic they were. This figure has now fallen to 20.8 percent. The percentage
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No prospect of compromise for entrenched Greek parties
PoliticsGreek Politics, the only figure that has the authority to convene such talks. Prime Minister Antonis Samaras has... in February and possibly at the ballot box before or after then. SYRIZA has gone all out on the belief.... On Wednesday, the party began weekly media briefings for the first time. There has also been a marked
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Troika piles pressure on coalition by insisting on key actions to conclude review
PoliticsGreek Politicsto be completed. According to a report in Kathimerini daily, the actions that the coalition has... Piraeus and Thessaloniki ports given that 2014 sell-off target of 1.5 billion euros has been missed... Mechanism chief Klaus Regling has also stressed that Greece will lose the 11.5 billion euros left
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You can call it reform if you like
Agoraof the government’s commitment to reform. But what has been the fate of the man responsible..., former Interior Minister and current New Democracy MP. Pavlopoulos has spent the last few years... the rails. Pavlopoulos has not been held accountable for his actions, despite Mitsotakis’s arguments
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2014 is not 2012
AgoraSince the eurozone crisis kicked off towards the end of 2009 in Greece there has been no other institution that has gained in prominence like the European Central Bank. Aside from the fact... to the more costly ELA. Taking a closer look, though, much has changed for Greek banks
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Opposition parties' stance on president provides gov't with little hope so far
PoliticsGreek Politicsthe party has stated for some time that it is in favour of early elections. It has been noticeable... lawmakers publicly in favour of voting for the government’s candidate. This has sparked rumours... has been mentioned is that the right-wing anti-austerity Independent Greeks have also taken a strong
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