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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 699.8 million euros month-on-month (MoM) in September... the total amount stood at 157.09 billion euros. Since then, Eurosystem funding to Greek banks has steadily... greater use of repos and other eligible securities to compensate for the waiver on Greek government
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Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
EconomyProgrammeThe Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM... and fulfilling them by taxing individuals and businesses too heavily. The Greek side argues that the drop in Greek bond yields over the last few months means that a new debt sustainability analysis
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyGreek administration that shift the tax composition towards less discretionary taxes combined... to 2.3 percent, decelerating to 2 percent in 2021. It is worth highlighting that the Greek authorities... rise in investment spending. In spring, the EC expected the Greek economy to grow by 2.2 percent
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Scrutiny of govt, PM prompts deputy minister to quit
PoliticsGreek PoliticsUniversity. The issue came to light after a report appeared on a Greek-American news website, which... claimed that Diamataris had not stepped down as the owner of the National Herald, a small US-based Greek... and there is concern among some conservative officials that the government’s image has been tarnished. Greek diaspora
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Newsletter 233 - 20/12/2019
and some added benefits is the right one for the economy. Ahead of Wednesday night’s vote, the Greek.... This tax was introduced early in the Greek crisis in an attempt to generate extra revenue, which..., making life difficult for the majority of the public. ND believes that Greek society is ripe
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Criminal justice system deemed too weak to fight corruption
SocietyThe European Council’s analysis of the Greek criminal justice system has found that the current... that in June 2019, the Greek criminal and criminal procedure codes were amended to downgrade bribery of public... to the fight against corruption. In conclusion, GRECO noted strong concerns that Greek criminal law
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Where is the EastMed pipeline heading?
AgoraAlmost a decade ago, in February 2010, the Greek prime minister at the time, George Papandreou... week in the Greek, Cypriot and Israeli leaders signing an agreement to progress with the EastMed... the binding agent? More than 10 years after the beginning of the Greek-Israeli rapprochement
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PM brings law and order back onto agenda as foreign policy issues dominate
PoliticsGreek Politicsin the Eastern Mediterranean and the government’s ability to advance Greek interests... on 5.7 percent, ahead of the Communist Party (KKE) on 4.7, ultra-nationalist Greek Solution on 4 and radical left MeRA25 on 3.1 percent. The biggest change among the also-rans is that Greek Solution has
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ND under attack from all sides over handling of football wrangle
PoliticsGreek Politicsauthorities, that suggested both clubs should be thrown out of Greek football’s top division. This prompted outrage from PAOK, which is owned by powerful Greek-Russian businessman Ivan Savvidis, and its... of their rival. It is not strange for Greek governments to incur the wrath of football teams
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammeIt is becoming increasingly clear that the Greek government will have to be patient in its bid... for lower primary surpluses, there seems to be an acceptance in the Greek capital, reflected also... hinges on securing a 1 pct of GDP reduction in the surplus goal. The Greek side is arguing
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