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In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
PoliticsGreek Politicsas an emergency measure in 2011 - was due to expire at the end of this year. The amendment drawn up... troika review and securing an exit to the bailout at the end of this year. The latter requires Greece
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Greek retail turnover advanced for the third straight month, 4.5 pct in August
EconomyMacroeconomyon month rise since June. The year to date balance indicates an increase of more than 12 points by October. Similarly, the retail trade indicator soared 7.5 points to 5.0 in October extending its year
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With troika review pending, Greek bailout exit plan faces time challenge
PoliticsGreek PoliticsWith the clock ticking on Greece's plan to exit its troika bailout at the end of the year, the status of the current review of the Greek programme remains unclear. The government is expected... measures in next year's budget. It remains to be seen whether the troika will be prepared to accept
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European Commission says 2014 is a turning point for Greece as growth resumes
Economy. Estimates for gross fixed capital formation were lowered to +4.5 percent this year (from +5.3 percent... this year and decline markedly as of 2015 supported by improved primary surpluses and improved economic
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingAlpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year. The two figures are not comparable, since they include negative goodwill of 3.28... the previous year. The net interest margin (NIM) remained almost flat at 2.7 percent QoQ, reflecting a loan
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Developments in Greece produce volatile market reaction
Economypercent lower, thereby offsetting the preceding week’s gains. Since the beginning of the year... of 17.6 percent in the year to date (YtD). Piraeus is next with a decline of 30.1 percent, while
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Crisis weakens confidence in Greek representative institutions
Societyin the police shot up 17 points on last year’s figures – the biggest hike for any institution – putting... and 36 to 13 percent for the latter. After peaking last year with a confidence rating of 63 percent
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Stalled troika talks stretching Greek coalition cohesion to limits
PoliticsGreek PoliticsThe lack of progress in Greece’s talks with the troika and the possibility that the government will not clinch an agreement for a secure exit to its bailout at the end of the year is increasing... at the beginning of next year. Given that Greece has scant cash reserves and there is a possibility
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyfor 2014 and 2015, which call for a GDP rebound of 0.6 percent this year and a stronger growth of 2.9 next year. The faster GDP recovery in 2015 assumes a further rise in private consumption (+1.6
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Fitch keeps Greek rating at 'B' with stable outlook
Economyby the end of the year, but notes that there is some risk it may slip into early 2015. On political... downside risks to its projections. The budget is on track to meet its 2014 target, while the year
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