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Eurobank gears up for crucial but contentious capital increase
EconomyBankinga share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen. An Extraordinary General Meeting (EGM... in the Parliament on March 30. The new framework, however, has met with considerable criticism. Apart
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New Democracy and SYRIZA neck and neck for EP vote but PASOK adrift
PoliticsGreek Politicsfor the lead but with PASOK struggling. As has been the case for several weeks, none of the regular surveys indicate that any party has been able to build an irreversible lead over the other. The apparent closeness of the race has led to the often fierce public exchanges between the New Democracy and SYRIZA
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PASOK stakes coalition survival on voters’ fear of uncertainty
PoliticsGreek Politics-May 25 fallout, PASOK has gambled on Greeks’ uncertainty about the future by warning that a poor... Venizelos attempted on Tuesday to up the stakes for the May 25 poll. SYRIZA has already called... in the longer run. Faced with these consequences, Venizelos has decided to play on the stability vs
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One night in Cannes
Agoraby Financial Times journalist Peter Spiegel has highlighted, there were a fair few others digging... to argue that he was coming to the rescue after Papandreou’s foul-up. Venizelos has adopted a similar line, arguing that he had to step in to save the situation. The FT article has whipped the PASOK leader
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PASOK's future hangs in balance as Greece prepares for EU vote
PoliticsGreek Politicsand Venizelos. The deputy prime minister has already indicated that a disappointing result would prompt... parties or becoming a government of national emergency seems far-fetched. Democratic Left (DIMAR) has... European vote, has no political incentive to join forces with New Democracy and PASOK. The only option
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New obstacle for privatisations as court blocks sale of water firm
EconomyGreece’s highest administrative court has blocked the sale of the Athens water company, raising new... Asset Development Fund (HRADF) was blocked. EYDAP has the exclusive right to provide water... has the responsibility to care for the health of citizens and guarantee the right to health
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Election results in Greece lift uncertainty, for now
Agoraelections in the country’s political scene has been relative, but the stakes for these elections had... performance of Elia has also raised eyebrows. Already, ex PASOK MPs who had departed the party expressed... elections, before the moment arrives to elect a new president of the republic in early 2015, has
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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek Politicstranche of 1 billion euros as it has not yet completed its “prior actions.” Beyond the Finance Ministry... reshuffle) remained at the Administrative Reform Ministry, where he has the task of managing changes... in the Papademos government, will take over at the Health Ministry from Adonis Georgiadis. This has proved
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from... billion more in July. The June deadline has been missed, partly as a result of the government... carry a political cost. One of the other commitments the Greek government has to meet this year
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European Commission paper highlights challenges for Greek exports
Economypotential could be enormous. Greece has a track record of protracted trade deficits and low openness. In particular, Greece has been experiencing a negative trade balance of circa 10 percent of GDP between 1995 and the late 2000s, which peaked at 14.5 percent in 2008. Although the gap has been closing
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