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Confrontation over graft claims moves into overdrive
PoliticsGreek Politicsto bribery and money laundering allegations linked to pharmaceutical giant Novartis. Loverdos has said that he will ask for his immunity to be lifted so that he can prove his innocence. The affair has
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Greece tax wedge rises two places to 13th highest among OECD countries, report finds
EconomyFeaturesThe Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages... benefits of 77.7 percent of gross wages against an OECD average of 85.8 percent. The OECD in the past has
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Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 120 mln
EconomyMacroeconomyby 2.93 billion. In the year so far, Eurosystem funding has declined by 2.69 billion euros, reflecting... this peak, Eurosystem funding to Greek banks has steadily declined by 148.71 billion euros
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Confidence vote and relief measures expected after Easter break
PoliticsGreek Politicsthis as an opportunity to talk up the interventions that his government has made over the last six months to provide... that support for Podemos has plummeted over the last few years and suggested that SYRIZA’s star would wane
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Credit contraction remains at 0.6 pct in March, balance at 165.02 bln
EconomyMacroeconomycame to 165.02 billion euros from 169.85 billion euros in the previous month, and has remained under... market has been experiencing a contraction for the last six years, with the loan balance down
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Ministers unveil lengthy payment schemes for unpaid taxes and contributions
EconomyProgrammeMinister Alexis Tsipras specifically, regarding a set a tax relief measures. SYRIZA has been trailing... believes it has fiscal space to unveil a series of tax cuts and some spending measures. Clearly
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingbillion in Q1. The latest results mean that since the end of 2015, NPE reduction has reached 7.2 billion euros. The bank has set a target to reduce their NPE pile by 11.1 billion euros to 4.3 billion up
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Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
EconomyProgrammeconsolidation via lower spending in the Public Investment Budget, which will impact growth. Stournaras has... SYRIZA came to power. Stournaras has often irritated the government by sharing his views. SYRIZA
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomyfar, Eurosystem funding has declined by 2.60 billion euros, reflecting a fall of 1.66 billion euros... to Greek banks has steadily declined by 148.63 billion euros. The majority of the fall (107.24
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IMF highlights bailout shortcomings in latest admission of programme errors
EconomyProgrammeA new internal evaluation document published by the International Monetary Fund on Monday can be added to the existing material that has been released by the IMF on Greece outlining what a formidable... was eliminated in 2015. The Fund has been by some distance the most forthcoming of all institutions
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