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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomyGreece is expected to post a general government primary surplus as well as a current account surplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday. GDP is seen con...
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BoG sees encouraging signs for Greek economy but warns on reforms
EconomyThe Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last official publication by the current governor George Provopoulos, who will be succeeded by the former Finance Minister next week. The central bank reiterates...
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomyIn its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imper...
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Parliament's budget office sees obstacles to recovery, warns on private debt
EconomyMacroeconomyIn its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals. In particular, the recession is continuing, while a drop in the Q2 unemp...
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Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
EconomyMacroeconomyThe agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget O...
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Eurogroup sees review conclusion in sight, warns over property auctions
EconomyProgrammeMonday’s Eurogroup appeared to send an upbeat message regarding the prospects of the third review being completed before the end of the year but also came with a warning regarding possible further delays in launching electronic auctions. “We are all con...
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OECD sees growth picking up, warns about society and financial sector
EconomyMacroeconomyThe Organisation for Economic Co-operation and Development (OECD) became the latest body to confirm Greece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year. In its economic outlook, the Paris...
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyThe Greek Finance Ministry is due to table to Parliament on Friday the multi-bill that will wrap up its obligations for the conclusion of the final programme review, along with the updated Medium-Term Fiscal Strategy (MTFS) for the period between 2019 a...
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Mitsotakis warns party to be ready for elections as political contest intensifies
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis is attempting to ensure that his party will be prepared for the next elections amid concerns that Prime Minister Alexis Tsipras may call a snap vote with the aim of catching the conservatives off guard. Speaking ...
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Council of Europe report warns over austerity-inflamed inequality in education
SocietyA report on Greece by the Commissioner for Human Rights of the Council of Europe has outlined how austerity damaged the country’s education system and exacerbated inequality in accessing education. The report was compiled from a visit to Greece by the C...
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