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European centre-left suggests door is closed to SYRIZA
PoliticsGreek Politicsthe election campaign of the way that some of the eurozone’s socialists had supported his government... expressed to Tsipras his disagreement with SYRIZA’s decision to ally again with the Independent... time after the September 20 elections. Pitella’s comment is in keeping with his public plea to Tsipras
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After talks at UN, Tsipras returns to grind of parliamentary politics
PoliticsGreek Politicsa vote of confidence at midnight on Wednesday. A simple majority is needed in Wednesday’s ballot... no sign of any discontent in the government’s ranks at this stage. However, the meeting of SYRIZA’s parliamentary group after Saturday’s oath-taking may not be as straightforward. It will be the first
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Unemployment unchanged at 25 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July... that oversee Greece’s adjustment programme point to a rise in the jobless rate to 26.9 percent in 2015 and further to 27.1 percent in 2016, falling thereafter to 25.7 percent in 2017. IMF’s recent
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyhalved compared to last year’s figure of 1.04 billion. The local government posted a modest primary surplus of 73 million down by 74 percent from last year’s figure of 281 million. In keeping... in August from 5.74 billion in July. Following today’s figures, arrears have grown by 57.2 percent
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Omnibus bill prompts no more than rumblings of discontent from coalition MPs
PoliticsGreek Politicsthat there are any concerns about the multi-bill not being approved in a vote on Friday. SYRIZA’s... relatively subdued compared to the turmoil within the party’s parliamentary group over the previous... Another potential thorn in Tsipras’s side is Independent Greeks (ANEL) MP Nikos Nikolopoulos
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SYRIZA seems to be mulling a switch in Greece's energy policy
PoliticsForeign PolicyDepartment’s Special Envoy for International Energy Affairs Amos Hochstein to the Greek capital... Minister Alexis Tsipras’ closest aides. Hochstein’s message was clear from the moment he arrived... leverage and the creation of the Southern Gas Corridor. That explains why, following Hochstein’s
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomyGreece’s central government primary cash surplus eased by 2.9 percent to 2.68 billion euros.... Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate.... This year’s figure incorporates one-off income of 556 million the Hellenic Financial Stability Fund
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Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
EconomyMacroeconomyratios relative to GDP. Note that ELSTAT’s deficit, debt and GDP figures were also confirmed by Eurostat on Wednesday. In a separate press release, ELSTAT stressed that Greece’s public finance... in 2014, up by a negligible amount of 23 million from April’s item. A broadly similar pattern with minor
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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgrammeforecasts, with the quadriga aligning its estimates with the Greek government’s, which points to a milder... chiefs reportedly expressed several objections regarding Greece’s ability to achieve its fiscal targets.... The government’s counter proposal suggests more relaxed criteria, with the value of the property being set
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Final structure of bank recap taking shape, cautious optimism for outcome
Economythroughout last week. Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected...’s board decided at that time that the share capital increase of 5.84 billion be fully subscribed by the HFSF. Thus, the HFSF’s participation in Eurobank’s share capital was with full voting rights
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