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Cash deficit widens as Greece pays off state arrears
EconomyMacroeconomyThe central government net balance to September on a cash basis showed the deficit widening to 8.88 billion euros from 6.53 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded to 3.32 billio...
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Budget passed but troika accord still some way off for Greece
PoliticsGreek PoliticsGreece’s coalition completed one of its key tasks for December by obtaining Parliament’s approval for the 2014 budget early on Sunday but was also given an acute reminder of the challenges that still remain as the European Commission confirmed there was...
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Cash deficit to November rises to 9.9 bln as Greece pays off arrears
EconomyMacroeconomyThe central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded t...
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Tsipras and Meimarakis face off, bristle at idea of working together
PoliticsGreek PoliticsThe Monday night televised debate between SYRIZA leader Alexis Tsipras and New Democracy chief Evangelos Meimarakis was much livelier than a discussion involving seven party leaders last week but is unlikely to prove decisive in the close election conte...
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek PoliticsEuropean Economic and Monetary Affairs Commissioner Pierre Moscovici is the latest EU official to visit Greece and check on the government’s progress in completing the tasks it has been set by lenders before the first review of the bailout programme lat...
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Greek stocks nosedive 9.8 pct over week amid bank sell-off
EconomyDespite a rebound by 3 percent on Friday, the Greek equity market tumbled 9.8 percent for the second straight week amid continued turbulence in the global markets and increasing domestic uncertainty that mostly hit the banking sector. The Eurogroup sent...
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
EconomyDespite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities. ECB president Mario Draghi said that the council had been info...
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek PoliticsPrime Minister Alexis Tsipras tried on Tuesday to rule out the possibility of snap elections, or at least remove the subject from the current political agenda. Visiting his family home in Epirus, northeastern Greece, Tsipras said that anybody thinking o...
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Parties reach consensus on broadcasting watchdog after coalition backs off
PoliticsGreek PoliticsAfter five failed attempts, Greece’s political parties managed to agree on Thursday over the appointment of a new board at the National Council for Radio and Television (ESR), which is crucial to the government’s efforts to regulate the TV sector. The c...
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Tsipras tries to take pressure off MPs but debt proving hard to settle
PoliticsGreek PoliticsSYRIZA’s parliamentary group is due to meet on Friday after a straightforward cabinet meeting on Thursday, during which Prime Minister Alexis Tsipras even envisioned the possibility of his party being in power for a second term. The gathering of SYRIZA ...
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