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Greek stocks plunge again as bond yields climb to new high amid political turmoil
Economycurrently has a yield of more than 10 percent, whereas the 5-year note that was issued in April, marking Greece's return to international markets, has a yield of 9.57 percent, twice the original coupon
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Rare rise of 2.1 pct in Q3 for Greek wages index
EconomyMacroeconomywas inflated since it incorporated the 14th salary (Christmas bonus) which has been paid in Q1 instead of Q4... YoY changes of other EU countries, since Eurostat has not yet released the relevant data for those
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingIn an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion... and Millennium Bank) over the past two years, Piraeus has the highest NPL ratio among its domestic peers at 39
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Greek PM offers no more incentives for presidential vote, braces for snap elections
PoliticsGreek PoliticsPrime Minister Antonis Samaras has decided not to increase the offer he made last Sunday in a bid to secure the election of Stavros Dimas as president in the third and final vote on Monday. Speaking... be exposed in an election campaign. The prime minister has not made the last comment before
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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomythe 500-million mark, at 369 and 435 million respectively. Note that SSF surplus has narrowed by 80.... Although MoF has not further elaborated on these repos, November figure indicates
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Third of Greek households trapped in debt and poverty, study suggests
Societylargest small- and medium business association has found. In its study on household income and expenditure... of the financial crisis, which has fuelled the trend towards inequality. Just under half of those
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SYRIZA heading for big but maybe not conclusive win, exit polls suggest
PoliticsGreek Politicsdiscussions has been subdued. There have been suggestions that even if SYRIZA has a majority
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Key players in new Greek gov't strike moderate tone but bailout strategy won't change
PoliticsGreek PoliticsThe new government has had a turbulent first few days as European leaders, international media and markets displayed unease at SYRIZA’s first moves in office. However, this scepticism is unlikely... sector. “Greece has a lot of attractive opportunities,” he said. Dragasakis also struck
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Less is more: The Greek government needs a chisel, not a sledgehammer
Agorato think. The style and content of the new government’s missives has yet to convince a sceptical public... of a government trying to find its footing. This new government has the chance to define a reform
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S&P acts in wake of ECB decision and downgrades Greek rating to B-
Economy. However, S&P could lower its rating on Greece if it perceives that official funding has been curtailed... financing has come under greater stress.
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