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Investment: The forgotten casualty of the Greek crisis
Agorathe depression that engulfed the economy has been investment, or lack thereof. At its peak in 2007... investment spending. The depression that the economy has experienced since has altered both the composition and the scale of investments. Housing has effectively evaporated, totaling only 1.8 billion euros
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Under pressure to justify existence, To Potami goes to congress
PoliticsGreek Politicswhen it drew just 4 percent of the vote, has recently been jolted into action by the election... in opinion polls since Mitsotakis’s unexpected victory has been poor. As a result of this downward slide, its...’s MPs, former general secretary for public revenues Haris Theoharis has indicated an interest
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As SYRIZA's sparkle fades is there a centrist alliance in the making?
PoliticsGreek Politicsthe congress that he is not prepared to allow the party he has spearheaded since its creation in 2013... Greece’s voters, the polls also underlined how far SYRIZA has slipped in the eyes of the electorate... either has to find a more convincing way to argue that his party truly represents these qualities
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PASOK leader seeks alliances to improve party's footing
PoliticsGreek Politicsadministration. Venizelos, who has opposed Gennimata over a number of issues, indicated... of working together to form a new government. The ex-PASOK leader has been consistently critical of the SYRIZA-led coalition and Prime Minister Alexis Tsipras, and has been critical of Gennimata’s more
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Wages, full-time employment feel deep impact of crisis, report shows
SocietyA large section of Greek society has experienced rapid impoverishment due to the crisis, labour... the research wing of the country’s biggest trade union federation has found. Half of the workforce..., Greece has seen the biggest percentage decline in social protection spending among the 15 western
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EU progress on Turkish visas gives Athens hope of low refugee arrivals
PoliticsForeign Policyreported on Sunday that the European Commission is set to announce on Wednesday that “Turkey has broadly... in March, there has been a significant reduction in the number of refugees arriving in Greece from... the month, compared to 13,566 in April last year and 26,971 in March of this year. This has bought
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Mangling the truth
Agorato a state of war. Certainly, one could safely say that accuracy has taken a severe battering during... the bailouts have failed simply because Greece has not implemented reforms. There was an interesting example... incompetence and the hostile environment it has created. “This is not a good development at all,” tweeted
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Athens sweats on outcome of UK referendum
PoliticsForeign Policyon the outcome. The possibility of an extraordinary EU council on Saturday has not been ruled out. The normal summit is scheduled for June 27-28. Clearly, Tsipras backs the “Remain” campaign but has... has been the most prominent issue for the Brexiters and there are fears that this could act
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Economic sentiment stable at 89.7 pts in June, consumer confidence rises again
EconomyMacroeconomy) figures displayed on Wednesday. The ESI has hovered close to the 90-point mark since March. It has... confidence has improved by 5.7 points. But this only trimmed the year to date losses, which currently... of 6.9 points in May. Since the beginning of the year, this indicator has also recorded gains of 9.3
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Piraeus port sale setback troubles Tsipras ahead of China visit
PoliticsForeign Policythe first time that draft legislation has to be changed at the last minute but the size... has been openly opposed to OLP’s sale and has been widely accused of trying to obstruct the process... has shown a reluctance to make any changes to his cabinet, despite the fact some ministers
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