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Greece and troika: Bailout tranche, funding gap and debt relief still pending
PoliticsGreek Politicsto support the Greek banking system that matures on May 21. Stournaras has suggested it could be rolled.... The latter has prompted concern that the Greek market will be flooded by cheap imports, while... the government will not be able to present a debt relief package to the Greek electorate before local
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomythe Greek government and the European Commission call for a decline of the average unemployment by more... the beginning of the Greek crisis, the unemployment rate has almost tripled from the Q4 2009 figure... stress tests, which revealed capital needs for Greek banks at 6.38 billion. The adverse macroeconomic
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To Potami's rise and Golden Dawn's strife shake things up for May vote
PoliticsGreek Politicsnot add anything to Greek politics with his vaguely centrist message. The TV presenter, whose documentary... and intentions remain indistinct indicates there is a section of the Greek electorate looking for an outlet... in opinion polls over recent months shook the Greek political establishment and caused concern about
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ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010
EconomyMacroeconomytheir investment portfolio holdings of Greek government securities. The Finance Ministry had indicated in 2014 budget that SMP and ANFA income of 3.11 billion would be excluded under EAP rules. Greek media... the distribution of social dividend”. It is worth remembering that the Greek government has recently agreed
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances... returned to the Greek banking system since July 2012 stands at 11.4 billion. This figure corresponds... to deposit inflows in March, Greek banks’ Eurosystem funding further eased for the third straight month
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomythe House by May 5 to coincide with the date of the next Eurogroup, where the Greek Finance Minister Yannis... of funding needs, the MoF points out that two Greek banks (Alpha and Piraeus) have repaid... billion. The MoF assumes that the remaining Greek banks will pay back their preference shares within
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Eurobank: From nationalisation to re-privatisation
Agora, unlike the other three systemic Greek banks (Alpha, NBG and Piraeus), Eurobank withdrew from the process... the first Greek bank to be re-privatized, with both actions fully reflecting the troika’s demands. *Manos joined MacroPolis in April 2014 and is our head analyst. He has years of experience in the Greek
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On the beaches
AgoraThe quality of the water at 94 percent of Greek beaches was deemed excellent by the Foundation... is that Greek decision makers rarely display any grasp of what gives Greece a touch of uniqueness... good" by article 24 of the Greek constitution. The legislation has already drawn condemnation from
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) retained on a downward... in building activity along with car sales is the most pronounced in the Greek economy since the beginning... prices by 10.3 percent in 2013 following an 11.7 percent drop in 2012. The baseline scenario of Greek
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New obstacle for privatisations as court blocks sale of water firm
Economy). In addition, the transfer of a 34.03 percent stake in EYDAP from the Greek state to the Hellenic Republic... and sewerage services in the greater Athens area through a 20-year concession agreement with the Greek state... of Restructuring and Privatisations, the Greek state transferred in 2012 its total stake of 61.33
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