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No prospect of compromise for entrenched Greek parties
PoliticsGreek Politicsrejected SYRIZA’s proposal to hold a meeting to agree on an early election date and a common candidate to succeed Papoulias after the vote is held. He also turned down Democratic Left’s (DIMAR) suggestion... now believe Greece’s debt is sustainable and no further interventions are needed. It is clear
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Greek coalition left with bailout exit conditions it wanted to avoid
PoliticsGreek Politicsare now suggesting that eurozone ministers believe it would be too much to deal with Greece’s... conditionality. This week’s developments will give opposition parties new fodder but, more importantly... victorious in February’s presidential elections, thereby avoiding snap national polls.
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Greeks exports down by 8.7 pct in September as imports rise by 7.4 pct
EconomyGreece’s exports remained on a downward trend for the third straight month in September... by Hellenic Statistical Authority (ELSTAT) on Friday. September’s performance is the seventh negative.... The release of September’s commercial transactions’ provisional data is scheduled by ELSTAT on November
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingin Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed...’s performance reflects higher loan and deposit NII mitigated by lower bond NII. Net interest margin... on the Greek government bonds (GGBs) used for Eurosystem funding purposes. The bank’s Common Equity Tier
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In Greece, number of people at risk of poverty or social exclusion rises to 3.9 mln in 2013
SocietyGreece climbed to third place in the EU’s poverty tables in 2013, data released by the EU’s statistical arm on Tuesday showed. Annual Eurostat data on poverty and social exclusion showed that last year, 3.9 million people in Greece – or 35.7 percent of the country’s population – were at risk
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Crisis weakens confidence in Greek representative institutions
Societypollster has found. Conducted by Public Issue since 2007, the annual survey looks at the public’s... in the police shot up 17 points on last year’s figures – the biggest hike for any institution – putting... unchanged since 2007. On the other hand, the public’s confidence in the less tangible entity
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Primary surplus narrows to 2.4 bln in October as revenues miss target
EconomyGreece’s budget execution showed the primary surplus narrowing to 2.41 billion euros... with last year’s figures shows that the primary and budget surplus are lower by 7.1 and 8.8 percent respectively. Note though that the year on year comparison is not fully applicable, since last year’s
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Central gov't cash surplus rises to €3 bln in October despite drop in revenues
EconomyMacroeconomyGreece’s central government primary cash balance posted a surplus of 3 billion euros... execution. This year’s 10-month cash figure includes revenues of 1.31 billion euros stemming... this year b) Greece’s contribution to the European Stability Mechanism (ESM) of 901 million last year
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Court ruling on property tax levels could hurt future revenues
EconomyMacroeconomythough the law requires an adjustment to be made every two years. Greece’s highest administrative court ruling suggests that the state’s failure to adjust objective prices since then is illegal. Objective... half of the salaries that were withheld for the 2-year period, citing the country’s serious fiscal
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Probe into LAOS leader could spark contest for party's voters
PoliticsGreek Politicslater and from being a thorn in New Democracy’s side for years to its potential ally over the last few... 2.7 percent. Although not enough to elect any MEPs, the percentage was higher than Karatzaferis’s... to win over the 154,000 voters who backed LAOS in May’s EU vote.
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