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Greek coalition braces for internal debate over agreement with lenders
PoliticsGreek PoliticsEU leaders to sign off on the deal at Thursday’s summit. As details of what is in Greece’s proposals... would be given a ministerial post. Their instant reaction to the reported Greek proposals... that this is the best way to protect the least well off and carry out a redistribution of wealth. In his comments
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Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
EconomyBankingGreek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second... successive period, banks were off-target for reducing their stock of non-performing loans (NPLs) NPE... by 400 million. This was driven by underperformance in residential NPLs, which were off target
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Is Democratic Left set to make a shock return to Greece's coalition?
PoliticsGreek Politicsto a recent speech by leftist leader Alexis Tsipras taking the return to the drachma off the table... crisis, when DIMAR will be called upon to offer its cooperation, it may be a chance to change... that the conditions for such a return did not exist now but that a “new framework, a new philosophy, a new
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Our most popular stories in 2014
Agora, the government is estimated to have collected more than 2.5 billion euros from Greek taxpayers... it was unconstitutional to cut off taxpayers’ electricity if they did not pay. The only way of resolving this legal... manner in which Greek governments have taken decisions to meet the various targets they were set
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Where is Odysseus? Part 2 - Uncertainty
Agorais a statistical calculation (a sensitivity analysis), of what could happen to the Greek population... calculation (another sensitivity analysis), of what could happen to the Greek population if the country... ELSTAT and other Greek agencies, is do the numbers work and present sensitivity calculations. Eurostat
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Troika document reveals thorny issues, coalition's commitments to conclude review
EconomyProgrammeof the Greek programme review as well as the letter sent by the Greek authorities to the Eurogroup... commitments than those already provided. On the key issue of fiscal gap, the troika notes that the Greek... requests the Greek government to legislate now the proposed measures on a contingent basis. Greek
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyto a downturn. According to EU sources cited by AFP, the Greek economy is expected to contract 2.3 percent... percent in 2018. In its initial assessment of the Greek request for the new ESM loan a month ago... from mid-2016. The rating agencies estimated a recession between 1.5 (Fitch) to 3 percent (S&P
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsby Greek Finance Minister Yanis Varoufakis at the two previous Eurogroup meetings. We present below... to the Greek private sector. We want to take additional measures to clean-up non-performing loans... to assess Greek debt sustainability building on the government’s commitments. This new DSA should
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Greek Tourism Association sees tourist arrivals rising to 19 mln for 2014
EconomyMacroeconomydata on international tourist arrivals at the main Greek airports show an increase of 30.1 percent...The Association of Greek Tourism Enterprises (SETE) increased on Wednesday its estimate for international tourist arrivals in 2014 to 19 million from 18.5 million. The upward revision mainly reflects
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Tsipras holds off on reshuffle, suggests no way back for rebels
PoliticsGreek PoliticsPrime Minister Alexis Tsipras put off plans for a reshuffle on Thursday and may delay changes to his cabinet until next week, when a second set of measures demanded by lenders are due to be voted through Parliament. Tsipras is said to be discussing with his aides whether to replace just the five
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