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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturespeaked in 2007, and has been falling ever since. Additional taxes and shrinking disposable incomes... issue for a country which has refined petroleum and its products as its number one export product... crude oil suppliers will certainly disturb the careful balance to which Greece’s refining industry has
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Contrasting views on Cyprus breakdown; Greek role under scrutiny
PoliticsForeign Policydifficulties in efforts to reach a solution. The Greek and Greek-Cypriot sides believe that Turkey has... Cypriot side has hinted that the Greek side played a damaging role by insisting on the withdrawal... as well. and this has been supported by some press reports in the Greek Cypriot papers. This may be why
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Mindful of role, Athens gears up for Cyprus Conference
PoliticsForeign Policy. Meanwhile, there has been no progress or even preparation between the two sides on the island... on the issues of security and guarantees. No preparation has been made so far. Athens has set.... Since then, however, and following talks between Tsipras and Anastasiades, Athens has refrained from
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Papandreou returns as PASOK seeks revival
PoliticsGreek PoliticsAfter enjoying a modest revival in the opinion polls, PASOK has built further momentum by welcoming...-left alliance given that DIMAR has virtually disappeared from the political map and KIDISO ceased... public discussion this weekend in Thessaloniki. It could be that Papandreou’s return to PASOK has
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Greek-Turkish relations set for turbulence after court rejects soldiers' extradition
PoliticsForeign PolicyTurkish military officers who fled Turkey after July’s coup attempt has created great uncertainty about.../multilateral matters of this decision, which we consider has been taken for political motives... has many times in the past accused Greece for giving shelter and even trained PKK militants. Athens
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Gucci and Greece’s lost photo opportunity
EconomyFeaturesa runway event at the Parthenon. The Central Archaeological Council (KAS), which has the final say over... in exchange for a 15-minute catwalk show for 300 guests. It is not the first time that this has... a dozen movie scenes were shot there annually. That number has dropped to a handful a year
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Piraeus Bank appoints new CEO, ending a long period of uncertainty
EconomyBankingby the bank’s Board of Directors. The appointment has the consent of the Hellenic Financial Stability Fund (HFSF), which is the single largest shareholder with a stake of 26.42 percent. The process has... and Kapodistrian University of Athens and a MBA from Aston University, UK. Megalou has served as CEO at Eurobank
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Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
EconomyBanking. On the liquidity front, Nouy noted that hoarded cash has also been reduced, adding that “it is a bit early... continued in February amid uncertainty over the conclusion of the second programme review, which has..., Nouy noted that a lot of progress has been made so far on the legal framework, but more legislative
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammeof indicators. The first indicator has the highest weight of 25 percent of the total score... vulnerable in case it has higher financing needs and market perception of risk as well as lower liquidity of its market-traded debt. The second indicator has a weight of 20 percent and involves
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Greece watches closely as Turkey prepares for referendum
PoliticsForeign Policyway. The Greek government is well aware of the current polarisation in Turkish society, which has.... Continental shelf: This is the only issue that Greece has recognised. Ankara claims that the Greek islands..., then the seabed of half the Aegean is under Turkey's authority. Airspace: Greece has 10 nautical miles
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