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Newsletter 170 -13/07/2018
during the month, the second highest balance recorded for the month of June since records began
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IMF sets date for Article IV and DSA as markets mull Greek bonds
EconomyProgrammethat the economy began the year strongly after a temporary slowdown in the final quarter of 2017
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Athens gets first taste of Erdogan's new era in power
PoliticsForeign PolicyThe latest chapter in Turkey's history began on July 9 when Recep Tayyip Erdogan was sworn in for another term as president of Turkey while launching a new political system that grants greater power to its leader. Erdogan has now been in office since 1994, when he was elected mayor of Istanbul
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More changes needed to unlock private sector's potential, report says
EconomyFeaturesnature of Greece’s crisis, focussing particularly on the fact that before the recession began the economy
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IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
EconomyProgrammeThe International Monetary Fund (IMF) published on Tuesday the report for the Article IV consultation with Greece, which was discussed by its executive board last week. The Fund anticipates that the growth which began in Greece last year to continue in the near-term, with real growth expectations
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyfor the month of June since records began in 2001. Ergani noted that the balance of 298,171 for the first six
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomybillion euros of the unpaid stock, corresponding to 77.8 percent, originates from debtors who began
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A moment to reflect, not celebrate
Agora. In this polarised environment and as the economy continued to slide, SYRIZA began to build up its
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Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammeGreece’s post-programme era, which officially began on Tuesday, is to start in earnest on September 10, when the institutions are due to return to Athens for the first round of discussions with the government. The 2019 pension cuts are expected to dominate the talks but reports suggest that Athens
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBanking. This was attributed to the bank’s cost reduction programme that began with the launch of VES in early 2018
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