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Nobody has less confidence in their government than the Greeks, OECD finds
SocietyThe Organization for Economic Cooperation and Development (OECD) has published its annual Government at a Glance report for 2013. The study includes some interesting data on Greece, particularly with regard to people’s plummeting trust in decision maker...
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Independent Greeks to go it alone rather than join grand right-wing alliance
PoliticsGreek PoliticsA few days after the prospect of an alliance between New Democracy and ultranationalist LAOS was floated, the possibility of even broader cooperation among right wing parties in Greece has been nipped in the bud. The anti-austerity Independent Greeks, l...
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomyGreece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT). The absolute figure showed the trade deficit in August fell to 1.23 billion euros, which is the...
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Tsipras and SYRIZA: More old than new
AgoraAlexis Tsipras staked his political future on the “new vs old” concept in the September 20 elections. His victory at the ballot box, though, does not mean that it can yet be deemed a winning strategy. Why was it a risk to claim he could be the new broom...
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday. The headline figure for February indicates a new...
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingNational Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece. The consideration of the t...
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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomyGreece’s economic sentiment (ESI) had one of its most marked improvement of 2017 in the final months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC) figures revealed on Monday. December was the second t...
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Trade deficit up by 30.9 pct in June as imports grow faster than exports
EconomyMacroeconomyGreece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit stood at 1.97 billion euros ...
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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek PoliticsSYRIZA is continuing its calls for cooperation with other parties, despite such invitations falling on deaf ears so far, as the battle for undecided moderate voters intensifies in the build-up towards the next general elections. Prime Minister Alexis Ts...
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Athens warned about missing fiscal targets rather than changing them unilaterally
EconomyProgrammeThursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted. Regling, however, stopped shor...
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