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Tsipras needs to sign a deal, but which one?
Agorathe proposal put on the table by the institutions. Therein lies the problem for the SYRIZA leader: The risk... was signed, no government has been able to survive intact for more than about 18 months. The pressure.... The argument that not agreeing to a “bad deal” would create an even worse situation has strong merits
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Between Scylla and Charybdis
Agoraand more than 210 billion euros of financing later, Greece is about to hold the referendum... the referendum last Friday night, the prime minister put himself in the same shoes as George... is an opportunity to send the eurozone, and the IMF, a strong message for the need to change course
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Obama ends with big picture amid dwindling hope
Agora? Not much. What did it get from Barack Obama’s brief stay in Athens? Probably more than it expected... a strong message on debt relief and austerity. It was a polite and balanced takedown of the way... because of recent developments. “I will continue to urge creditors to take the steps needed to put
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyoverly optimistic. Finally, the Council raises caution regarding imports that could put the trade balance... imports there is a high probability that imports will grow by more than 3.5 percent annually..., deteriorated by 745 million, rising by 5.5 percent over 2016, which is a strong indication of high
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Greek banks push for return to normality
EconomyBankingproducts at the height of the crisis, Greece’s banks were further crippled by the capital controls put... was reduced by 4.7 billion euros quarter-on-quarter to 92.4 billion 1.2 billion lower than the target... Eurobank. The so-called Pixel portfolio has attracted strong interest from overseas investors
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Tsipras and Kammenos vow to stick together until further notice
PoliticsGreek Politicsand Kammenos met on Friday to put on a show of unity. Following the meeting, government sources made... term. The prime minister’s apparent reason for wanting elections in May, rather than when the term ends... are former SYRIZA supporters. Kammenos ANEL leader Kammenos drew strong criticism from opposition
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PMI picks up to 54 in November while production rises to eight-month high
EconomyMacroeconomyof business. Production levels rose at the fastest rate in the last eight months, while output was strong.... This was put down to higher costs of raw materials and increased fuel costs. Output prices showed... to strengthen in November with Greek firms expressing greater optimism than in October. Sentiment
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Regling underlines concerns about fiscal target after voter-friendly measures
EconomyProgrammethe overall stock by more than 8 billion euros. The ESM urges the Greek authorities to intensify... successive year, on top of the strong performance in tax collections. Fiscal target The report points out... measures last month, in the run up to the European Parliament elections, might put the target of 3.5
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Govt lines up strike legislation to follow brief pause after budget vote
PoliticsGreek PoliticsDemocracy has been buoyed by the fact that its tax cuts have not put this year’s fiscal course at risk.... The strong performance of tax revenues is seen by the government as a vindication of its belief..., will be trouble-free. The stronger-than-expected fiscal performance this year has also triggered
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Mitsotakis sets out to shore up support ahead of elections
PoliticsGreek Politicsfor the first time in more than a decade at the beginning of this year, 910,000 pensioners did not see any... have strong support in northern Greece, they are concerned about the rise of right-wing parties... and that anything but a new term in office for New Democracy would put this progress at risk.
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