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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyhas almost certainly derailed Greece’s economic recovery. Even if prospects for a successful... a compromise deal stressing though that the progress since February 20 Eurogroup has been slow
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Tsipras heads for Russia with specific aims, including halting speculation
PoliticsForeign Policydemarcated” mean? Greece has already made it clear that its strategic choice is to respect its... for the Greek state. Athens has taken on board the lessons from Cyprus’s failed last-minute attempt to get
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DTA may spell new trouble for Greek banks
Agoracapital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has... that.” In addition, the ECB has signalled it would increase capital buffers for banks seen as over-reliant
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Tax wedge for single, married Greeks well above OECD average
EconomyMacroeconomychildren shows Greece has the highest tax wedge at 43.4 percent versus the OECD average of 26.9 percent... percent in 2000 to 40.4 percent. However, the OECD notes that there has been high volatility since 2010
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Greek women having children later, young people taking longer to fly the family coop
SocietyGreek women are having children later, young people are taking more time to depart the parental home and Greece has the lowest rate of children born outside marriage, according to a comprehensive... are on average 19.6 years when they fly the family nest. In terms of marriage, Greece has seen a significant
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Coalition courts controversy with emergency law to tap general gov't cash reserves
PoliticsGreek PoliticsThe government has drawn up legislation that would force general government bodies, including municipalities and hospitals, to place their cash reserves with the Bank of Greece, which could allow.... Parliament The other controversy has to do with the government’s decision to present the law
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Greek banks’ loan quality is deteriorating
Economyfor a settlement of non-performing loans (NPLs), which has still not been specified. After a stabilisation... in the outstanding loan amount, which has resulted from the banks’ continued deleveraging. NPLs rose
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Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
EconomyMacroeconomyand benefits by 3 percent. Since 2009, household disposable income has been eroded by one-third, which... compensation rose 0.9 percent. However, over the last five years, compensation of employees has shark
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Parliament Budget Office sees Greece heading for recession on back of uncertainty
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing... that despite the justified criticism of the eurozone's architecture, Greece is the only country that has
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Lack of time, lenders' demands back Greek gov't into corner
PoliticsGreek Politicsmade by both parties. One eurozone official told Reuters on Wednesday that the government has to “pay... out of cash and has more than 700 million euros to pay to the International Monetary Fund on May 12
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