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  1. Coalition ministers, MPs wrestle with implications of Eurogroup agreement
    Photo by MacroPolis

    PoliticsGreek Politics

    The government has begun the process of digesting this week's Eurogroup agreement, which failed to live up to Greek hopes for debt relief and left the coalition with some more work to do before... Kamateros labelled “unacceptable” on Thursday the rise of VAT on the Greek islands, which enjoyed

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  2. Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
    Photo by MacroPolis

    EconomyMacroeconomy

    The Greek seasonally adjusted (SA) GDP at constant prices contracted 0.5 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2016 after a short-lived marginal increase by 0.1 percent in Q4... almost stable in Q1. The Association of Greek Tourism Enterprises expects tourism revenues to increase

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  3. OECD sees economy picking up from second half of 2016, underlines need for reforms

    EconomyMacroeconomy

    In its latest economic outlook published on Wednesday, the OECD says it expects the Greek economy to recover in the second half of 2016. The Paris-based think-tank also stresses the need for full... in China or the euro area that would harm Greek exports.

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  4. Potential changes to constitution and electoral law move onto main agenda
    Photo by MacroPolis

    PoliticsGreek Politics

    The government looks set to present its proposals regarding changes to the Greek constitution in the coming weeks, spokeswoman Olga Gerovasili suggested on Tuesday. Gerovasili was mostly questioned... has discussed publicly is for the Greek president to be elected by voters rather than Parliament

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  5. Building activity falls by 11.5 pct in March for third straight decline
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek building permits decreased by 11.5 percent in March at a slightly slower pace compared to the drop of 12.2 percent recorded in February, Hellenic Statistical Authority (ELSTAT) figures showed..., permits eased 0.9 percent, which was the slowest rate since the beginning of the Greek crisis

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  6. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement... Mechanism (ESM) to allow Greek banks to participate in the ECB quantitative easing (QE) programme

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  7. BoG proposes debt relief measures and lower primary surplus target from 2018
    Photo by MacroPolis

    EconomyMacroeconomy

    from 2027 onwards 4) Greek Loan Facility (GLF) rates of 1.4 percent in 2020 and 3 percent as of 2027 5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020

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  8. Coalition wants next review to be swift despite labour reform complications
    Photo by MacroPolis

    PoliticsGreek Politics

    The Greek government sought on Wednesday to allay fears about the next programme review being drawn out over a long period of time despite the fact that Athens seems prepared to stand its ground over... regarding labour regulations. The panel is made up of seven foreigners and one Greek. The government

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  9. After Brexit vote, Tsipras stresses need for political response to EU shortcomings

    PoliticsForeign Policy

    Greek Prime Minister Alexis Tsipras chose a rather political response to the result of the UK referendum on Friday, highlighting the European Union’s failings and calling for progressive forces... · A democratic deficit · The resurfacing of stereotypes The Greek prime minister said that the EU has

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  10. Piraeus port sale setback troubles Tsipras ahead of China visit
    Photo by Harry van Versendaal

    PoliticsForeign Policy

    ). In a letter to the Greek government on Wednesday, COSCO, which is the preferred bidder for OLP... with the Greek authorities. The alterations related to commercial operations, tariffs and processes

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