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Political tremors shake Spain, overshadow economic progress
Agoraparties The PP and the PSOE’s joint share plummeted to less than 50 percent for the first time... for these two parties totalled 16.5 percent of the votes, seven percentage points less than the PSOE. However... jobless people. Around 60% of them have not worked for more than a year nor did 1.2 million workers over
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Newsletter 85 - 05/08/2016
the beginning of the year, arrears have grown by 1.23 billion, corresponding to a rise of more than 20 percent... or more than 900 million compared to the figure of 5.89 billion in the corresponding period last year... the Georgiou case as an “open wound”. He is right, but not for the reason that he suggests. Rather than
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Is VAT all you've got?
Agora, the symbolism of the reduction is perhaps more important than its economic impact. Samaras presented... for Greece but much less than a triumphant achievement. From the troika’s side, it appears more of an attempt to fob the government off rather than a genuine concession aimed at stimulating the economy
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Newsletter 12 - 23/01/2015
parties to amass 11 percent in order to secure 151 seats. percent, which is much higher than its potential... in March. In previous transactions like this, foreign investors purchased more than half of these notes... and much lower than those before the June 2012 elections. The BoG has officially stated
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Newsletter 15 - 13/02/2015
could be accepted and whether Greece would be allowed to issue more than the 15 billion euros in T... the lowest since 2011. Greek investors (mainly banks) have to cover the entire issues, compared to less than... that more than 15 billion have been withdrawn from Greek banks in last two months, bringing
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On the Greek crisis and German imbalances
Agora. This is amplified by the understanding that German economic moralism is more akin to Kantian absolute ethics than... faster rates than was the case in a Greek economy captured by oligopolies in e.g. Food and Petrol... than was the case for Cyprus. This author had taken a strong stance against this advice for the case
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Newsletter 41 - 04/09/2015
in a position to form the next government. Meimarakis starts from a better position than Tsipras... on 20 September is small, say less than 2 percentage points, it is difficult to see how one could govern... than the flitty SYRIZA that took Greece to the edge of a euro exit this summer. But when it comes
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Newsletter 48 - 23/10/2015
reports indicate it could not fall below 20 percent or more than half of the current levels. Greek banks... the HFSF, Alpha and National do not have any shareholder controlling more than 5 percent of their share..., stemmed from the political – rather than personal – implications of the comment. It is clear
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Now comes the really hard part
Agorait was a smart political manoeuvre, apart from one problem: What happens when people realise what’s.... In the intervening period, more than 40 billion euros in deposits were withdrawn from Greek banks... at less than 120,000 euros will enjoy protection. If this is implemented, it could have a dramatic effect
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Newsletter 53 - 27/11/2015
losses to more than 90 percent over the past three months. As a result, the four core banks’ market value... as party leader to help his re-election campaign rather than competing against the other candidates... accusations that Sunday’s failure may have been the result of sabotage rather than incompetence
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