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Greece's troika talks begin with apparent deal on 2015 surplus
EconomyProgramme. The Greek government believes this outperformance will help it reach next year’s target. While... on a two-year plan that will include a haircut on surcharges and penalties without affecting the principal
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Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomylowest reading in almost a year,” said Markit analysts. The picture for the sector across the third... the progress seen in the first half of the year.” “A rare improvement in suppliers’ delivery times showed
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Election drums beating louder in Greece
PoliticsGreek Politicsthere has been increasing speculation about Greece going to the polls again early next year... the general elections are due to be held, at the end of the government’s full four-year term. This means
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Wealth in Greece plunged by 170 bln since 2007, report finds
SocietyThe inaugural Julius Baer (JB) Wealth Report published this week showed that European wealth exceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year on year, but that it had fallen by more than a fifth in Greece over the last seven years. The evolution
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomy, while that of unemployed displayed a MoM decline for the third successive month. The year on year
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Greek banks see Eurosystem funding drop to lowest level since 2009 in September
EconomyMacroeconomyin August. Since the beginning of the year, Eurosystem funding has dropped by 30.45 billion euros... euros at the end of August, implying a reduction of circa 10 billion year to date. It is also
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Nervous markets subject Greek stocks and bonds to a hammering
Economy10 percent. The daily turnover reached 263 million euros almost double the year to date average... the recent 3- and 5- year issues have seen their yields rise sharply to 5.25 percent and 5.7 percent
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Greek coalition stands by early bailout exit plans despite fresh blows on bond, stock markets
PoliticsGreek Politicsof exiting the bailout at the end of the year and not receiving any further loans from..., continue to be that Greece will exit the bailout at the end of the year, with some kind of precautionary
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Greek crisis redux? Not exactly
Agoracrisis. The eurozone, on the other hand, finds itself in a tighter corner after a two-year market lull... to "free Greece from the memorandums this year” is achieving the one thing that they sought to avoid
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Optimism and obstacles in Spain
Agorais expected to surge by 1.3 percent of the GDP this year from -1.2 in 2013. Official forecasts have... for the economy. For example, in the latest auction, the Treasury sold 3.5 billion euros in five and ten-year
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