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PASOK and DIMAR head for do-or-die moment
PoliticsGreek Politics.” PASOK leader Evangelos Venizelos has embraced the new movement and indicated that his party would cooperate with it for the European Parliament elections. DIMAR chief Fotis Kouvelis has distanced himself
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Europe missed an opportunity on banking union
Agora, an amount that is clearly paltry if one considers that rescuing Greek banks has already cost 40 billion..., Mrs Merkel has already demolished this third pillar by ruling out any possibility of the ECB
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Unemployment hit new high of 27.8 pct in October, set to rise further
EconomyMacroeconomymillion after recording declines in August and September. Greece currently has less than 3.6 million... percent. Attica, including Athens, has a jobless rate of 28.3 percent. The picture of Greece’s labour
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Drop in industrial production accelerated in November with 6.1 pct decline
EconomyMacroeconomythe 12-month moving average decrease of 3.7 percent. There has been high volatility in monthly... readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings
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Sales season pushes November retail volume to growth for the first time since March 2010
Economyin domestic consumption. In an effort to support struggling retail sales, the government has legislated... will prove whether November was an exceptional month or signalled that the retail nosedive has
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Troika inquiry: talk to the organ grinder, not the monkey
Agoramacroeconomic policies should the eurozone as a whole adopt if the periphery has to swallow austerity... familiar to emerging economies in Asia and Latin America. Europe has seen it before too, on the eve
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyand a 2.3 percent increase in export receipts. Note that the exports growth has turned negative..., the extension of the tourist period beyond August has had an incrementally positive contribution on the rest
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Should Greece really ask for a debt haircut?
Agorais that it has reached terrifying proportions. In the third quarter of 2013 it reached 171.8 percent of GDP... that even the second master is not satisfied, leading to a further destabilisation of a government that has
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomy. The BoG has asked Greek banks to submit at the latest by mid-April their capital enhancement plans and relevant timeline for covering the anticipated capital needs. In this respect, Piraeus Bank has just
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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicsdue on March 21 by S&P and on April 4 by Moody’s. The coalition has made it clear it wants to issue..., the agreement with the troika has come at an opportune moment for the New Democracy-PASOK coalition
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