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Pensions continue to be main source of income for half of Greek households
Societyof Professionals, Craftsmen and Merchants (GSEVEE) has found that while the economy is expected to stabilise... fall into the category of long-term unemployed. One in five households has a member who gets paid... a business (5.9 percent). Households reporting pensions as the main source of income has risen compared
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politicsof the alleged scandal, which has led to accusations being levelled at former Prime Ministers Antonis Samaras... from Siemens,” he said. The government has indicated that it believes over-pricing in the pharmaceutical sector cost Greece a total of 23 billion euros between 2000 and 2010, although it has
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Coalition's moves on public sector hirings under scrutiny
PoliticsGreek PoliticsThe government’s approach to hirings in the public sector has come under scrutiny after a couple... sector. The coalition has also come under fire for an amendment submitted to Parliament and approved... Minister Pavlos Polakis said that the government has replaced contractors in catering, cleaning
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PM sparks speculation with Theodorakis talks as centre-left gears up for congress
PoliticsGreek Politicshas no intention of joining the government and that the meeting is driven by his belief... (ANEL), on its toes. Potami has indicated it is willing to support Tsipras if a solution for the Macedonia issue is reached, whereas ANEL leader and Defence Minister Panos Kammenos has distanced himself
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Athens, Skopje edge closer to name solution, but much ground still left to cover
PoliticsForeign Policy. But the form of the name and the possibility of the translation into other languages has surfaced... of translation, which is something that Athens has been seeking. The Greek side is insisting.... The Greek side however has not yet publicly stated which articles of the constitution
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Tsipras eyes common ground with centre-left over revision of constitution
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has declared his willingness to discuss a revision of Greece’s... with the current government, which he accused of not respecting Greece’s institutions. Venizelos has long been... current constitution was drafted following the collapse of the military dictatorship in 1975 and has
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Tsakalotos sees timely conclusion to fourth review despite growing doubts
EconomyProgrammeEuclid Tsakalotos has insisted that everything will be concluded on time. “Within the next 80 days... to the liberalisation of the energy market. One of those has to do with the divestment of some of the Public Power Corporation’s lignite-powered units. The government has to submit to Parliament a draft law
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Macedonia name talks face stalemate as core issues go unresolved
PoliticsForeign Policysides. The legal framework included in this document has already been set by United Nations Mediator... constitution. Athens has stated many times that it cannot accept a dual name. Government spokesman... requires concessions from both sides." Tsanakopoulos suggested that Greece has met FYROM halfway
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomypreliminary figures. The forecast for 2019 has been revised downwards slightly from the 1.9 percent figure included in the Stand-By Arrangement (SBA) request last summer. The Fund has improved its... has virtually halved this figure. The estimate for the current account has also been significantly
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomythree months of the year, Eurosystem funding has fallen by approximately 8.83 billion. The decline... funding has increased. In recent months, ELA funding has been steadily falling, with the latest.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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