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Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
Societythe proportion of those in Greece expecting things to get worse is the highest of all the states... they are satisfied. The level of dissatisfaction in Greece is higher than any other country surveyed... are “bad.” This is slightly higher than Ukraine, Spain and Italy. The Pew Research survey also provides
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Is there (sustainable) growth in Greece?
Agora. In 2013 more than 17.5 million tourists visited Greece, numbers not seen since Athens staged... are interpreted as an 'upside surprise' one can get a pretty good idea of the parlous state of the euro..., Greece exported less products and services than it did in 2012. While countries in the eurozone’s
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The institutional weakness poisoning Greek politics
Agorasafeguard against politicians trying to get rich while supposedly serving voters. The forms are published online each year but in reality they are just a catalogue of each member’s assets rather than... voters that it is straightening up its act. The checks uncovered less than 10 cases in which anything
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Greek primary cash surplus up to 2.61 bln at end of November
EconomyMacroeconomy(BoG). This corresponds to a fiscal adjustment of more than 6.6 billion euros year on year (YoY). In November, the primary cash deficit reached 274 million euros, some 500 million lower than last year.... Reconciling BoG primary cash surplus of 2.61 billion to MoF methodology, we get an ‘adjusted’ comparable
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Tsipras delivers SYRIZA's first, tempered message of Greek election campaign
PoliticsGreek Politicsthan twice the 11.4 billion euros the opposition party claimed. SYRIZA’s programme has four themes... who are earning less than 700 euros per month and scrap the special excise tax on heating fuel... to be more caring than previous governments are true. Restarting the economy SYRIZA suggests the formation
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Newsletter 14 - 06/02/2015
, with a confidence vote due at midnight on February 10, a day later than initially scheduled... by Varoufakis suggesting a debt swap rather than a haircut. Again, anyone observing what key players in SYRIZA had been saying before the elections (rather than taking as gospel the official party line) would
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As negotiations start, Greek coalition draws confidence from public opinion
PoliticsGreek Politicsbuoyed by a number of domestic factors. The coalition is looking at three key areas to get a sense..., compared to between 11 and 12 billion euros in January. We also understand that outflows are at less than... indicates that support for the government stands at 59 percent, which is much higher than the combined
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Newsletter 17 - 27/02/2015
of a rebellion from his MPs. It is unlikely that more than a handful would oppose the government... SYRIZA’s pledge to show greater respect for Parliament and the democratic process than previous... business investment. Additional potential factors of uncertainty involve lower than expected growth
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Newsletter 27 - 22/05/2015
ELA liquidity of 14.5 billion, more than offsetting the additional liquidity arising from... (past due in less than 60 days) as collateral. Bank sources indicate that it is imperative that a deal... in the eurozone. But it is also articulating a diametrically opposite approach than Cyprus when it comes
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Newsletter 28 - 29/05/2015
, particularly basic goods. On pension reform, Athens is hoping that it will be able to get away with putting... of the more than 90 billion euros in deposit outflows before June 2012 were sent offshore, while... the second had an even lower outcome, with less than 150 million euros of deposits returning to Greek banks
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