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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammewas not settled at Monday’s meetings and has been postponed for December. The two sides were unable to agree.... The EWG is due to reconvene on Friday (after the bill has been approved) to give the green light
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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgramme, 220,000 for couples, increasing by 20,000 for each child. The borrower has to be deemed... and the property has to be the primary or sole residence. In addition, an independent assessor
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Positive mood but little substance in Tsipras's Turkey visit
PoliticsForeign Policyin handling the refugee crisis. Davutoglu revealed that German Chancellor Angela Merkel has suggested... the two coast guards as Athens has rejected the German idea regarding joint patrols in the Aegean Sea
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Embarrassment for New Democracy as leadership vote called off due to IT problem
PoliticsGreek Politics. Former Education Minister and MEP Marietta Giannakou has been proposed as a stop-gap leader until... remains to be seen, it is sure that the task for the next conservative leader, who has to revive
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomythis period. The biggest decline has been posted in consumer credit (-27.2 percent) followed by corporate... issues to be included in the next set of milestones the government has to implement by mid-December.
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Greek households most overburdened with housing costs in EU
SocietyWith two in five of its population living in a household where total housing costs represented more than 40 percent of total disposable household income, Greece has by far the highest housing cost... among the EU countries, it has the highest rate among the old 15 member EU states.
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomyand extrabudgetary funds at 324 and 266 million respectively. The government has indicated it intends... in repos by 189 million. Gross debt has been reduced by 9.4 billion euros in the year to date
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Weak banks drag Greek stocks down by 6.5 pct during week
Economyand Eurobank new shares commenced trading on Wednesday. The government has to implement the second list... with private investor participation via equity and voluntary bond swap offers (LMEs) has been
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammeAlthough decisions regarding pension reform are not due until the first programme review scheduled for January, after the second set of milestones has been completed, the issue is already beginning... to a reduction of rates. At the same time, Greece has to implement the zero-deficit clause for supplementary
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyexcluding the zone near the island of Kastellorizo. Athens, however, has rejected this approach... for stability in the Middle East. Cyprus has already sought closer relations with Jordan, which President
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