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EU summit talks give Greece narrow window of opportunity for reforms
PoliticsGreek Politicsuntil mid-April. However, Tsipras’s request for an increase in the limit on T-Bill issues from... officials presented the agreement in Brussels as a reaffirmation of Athens’s right to compose its own... that the measures Greece will propose would not be recessionary. However, given that Greece’s budget
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammeor more of the following: 1) The European Central Bank’s SMP profits of 1.84 billion euros. Note... for streamlining the public sector, reducing bureaucracy, enhancing the tax administration’s independence... that the government favours. However, the government’s actions regarding the pending privatisation
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Public admin shrinks by 11 pct during crisis, share of employment stays below EU average
Societyto research and figures published last month by Eurofound, the EU’s research agency for social and labour... of the EU’s 28 member states cut their workforces in public administration, the part of the public sector... services of general interest, which stands at 32 percent. Overall, Greece’s services of general
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Greece and its lenders: Where do you start?
Agorathe notion of reforms-for-loans and asking for debt relief, Alexis Tsipras’s administration has been... proposed by Greece was not enough to secure an agreement. That’s not to say that some of the Greek... fudge to avoid a catastrophe. The point where the stubbornness of Greece’s lenders meets
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DTA may spell new trouble for Greek banks
Agorathe European Central Bank’s comprehensive assessment did not unveil any capital shortfall, capital... capital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has... 13, Moody’s noted that the EU review of DTA in regulatory capital is credit negative for Greek banks
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Greek women having children later, young people taking longer to fly the family coop
Societyreport from the EU’s statistical arm on the issue of youth in Europe. The report says that along... and society. Overall, the report found that Greece’s society is aging, with its share of children and young..., cohabitation rates in Greece are well below the EU average. Reflecting the country’s conservative
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Greek pensions: The thorniest issue in talks between Athens and lenders
EconomyProgrammefunding, it is certain that the country’s pension system will prove one of biggest obstacles to a deal. Following requests by Greece’s creditors, the previous government passed legislation that would...’s online service (IDIKA), a total of 4.54 million pensions were paid to 2.65 million pensioners
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankinggains from the issue of warrants (1.01 billion) The market value of HFSF’s shareholding in banks fell... figure. HFSF’s initial participation in the four Greek banks (Alpha, Eurobank, NBG and Piraeus...-emptive rights, resulted in a significant dilution of HFSF’s bank shareholdings. As a result, the HFSF
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomyGreece’s manufacturing PMI fell markedly in April, when it dropped by 2.4 points to 46.5 from 48.9... 2014. “The ongoing downturn in Greece’s manufacturing sector reached a new low in April... Markit’s analysts. This was mainly led by “weak demand amid uncertainty towards the political
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This is how Greece kept its budget on track in Q1
Agora. Although this amount is to be reported in April’s budget revenues, it is unlikely to have any positive on the state’s current cash flow as it has probably already been utilized since... in its existing format due to the country’s tight fiscal position and revenue lag in Q1
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