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ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010
EconomyMacroeconomyand close cooperation with Eurostat, which sent a mission to Athens last month. Eurostat’s figures... of Greece’s 2013 primary surplus by Eurostat is key for the triggering of official discussions regarding debt easing measures. The first assessment of Greece’s final fiscal outcome for 2013 is expected
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Bookies see clear win for SYRIZA in EU elections but not in local vote
PoliticsGreek Politicspolitical parties indirectly imply their rankings in EP elections. Goalbet’s odds have not been altered... (odds at 250), while odds for Elia (PASOK’s Olive tree alliance) and LAOS follow at 500... with the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first
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Significant post-election economic challenges await Greek coalition
Economywill be in the troika’s focus. Securing debt relief Despite initial expectations, the Greek Finance... percent of GDP) over the 50-year period. The government’s plan also incorporates the deferral... area in the post-EU elections period. The upcoming release of the IMF’s fifth review of the Greek
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European Commission paper highlights challenges for Greek exports
Economyexports” showing that Greece’s export performance is dramatically lagging behind, yet its export... the EU and OECD average by a wide margin for more than a decade. In addition, Greece’s lack... closed economy”. During the sovereign debt crisis, Greece’s exports were hit the most by the global
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Chinese investments in Greece to be boosted by new agreements
Economy, 2009, involves the management of OLP’s Piers II and III. COSCO is also among the five qualified.... The latter’s market value currently stands at 450 million euros, implying the state’s share is valued... in the new airport at Heraklion in Crete, the upgrade of the country’s railway network and investments
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After landmark return in April, Greece prepares to tap bond markets again
Economyand Greece’s goal is for the bond transaction to take place as early as possible to avoid any negative repercussions during the inspection by Greece’s lenders affecting investor interest or the yield... for the first time over the past four years. Piraeus Bank’s transaction was a 3-year note of 500 million euros
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Electricity strike nipped in bud, leaving political loose ends
PoliticsGreek Politicsto end the protest. This swift move to nip GENOP-DEI’s action in the bud seems to have been due... to President Karolos Papoulias. The government is unlikely to feel threatened by SYRIZA’s efforts... regarding the public sector mobility scheme. A second reform of Greece’s pension system in just over four
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NPLs: The Achilles heel of the Greek banking system
Agora) and housing loans at 26.1 percent (from 21.4 percent). In its fourth review report of Greece’s Economic... and restructured loans - which according to Blackrock’s asset quality review have a high risk of renewed default... the largest market in loans at 32.4 percent. In contrast, National’s share of NPLs stands at 18.4 percent
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Stress mounts ahead of ECB's tests on Greek banks
Economyor dynamic model that would be followed by the ECB for Greek banks’ stress tests. According to the EBA’s... be contradictory of the ECB not to accept the restructuring plans that have been approved by the EU’s... said Barnier and Enria agreed with Hardouvelis but Draghi disagreed. Following Draghi’s negative
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyto -3.9 percent from -2.9 in the provisional data. Greece’s long recession, which started in the third... contracting by 9.3 percent in 2012 and 6 percent last year. It represents 75 percent of Greece’s GDP... and soaring unemployment has fuelled Greece’s economic demise. The Medium Term Fiscal Strategy sees household
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