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Greece rides the ghost train
Agoraon the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells... is at a loss. The proposal contains more than 2.5 billion euros in fiscal measures over the next two years, which is more than the previous government, led by Antonis Samaras, had been negotiating
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
Economythe last two sessions, Greek shares fell by more than 10 percent, while their cumulative losses... the last two days, bank shares have lost more than 42 percent of their market value over the past 4.5.... The 3-year GGB yield climbed by more than 270 basis points (bps) to 28.53 percent. The yield of the 5-year
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicsif an accurate projection will be available then. As this is Greece’s first referendum in more than 40 years... of the result will only be available at 9 p.m. if there is more than 4 percentage points difference between... fundamentals. This would mean that any agreement is likely to be more onerous than whatever
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Tsipras denies Grexit plan, has work to do to keep Greece in euro
PoliticsGreek Politicsfor an agreement, which is set to include more fiscal measures than previous offers, but it is still not certain.... A government non-paper stressed that the new deal would cover Greece for a longer period than... to convince his MPs to support it, especially as more than 61 percent of voters rejected a deal
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At risk of poverty/social exclusion rate in Greece edged up to 36 pct in 2013
Societythan Greek nationals (37.6 percent). EU citizens (50.5 percent) living in Greece were also more likely to be at risk than Greek nationals. The data, derived from the 2014 Survey on Income and Living..., which was 3.3 percentage points lower than the 2012 figure. At the other end of the age scale
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomysince July 2012. On a non-seasonally-adjusted (NSA) basis the unemployment rate fell by more than 2..., the number of unemployed has more than tripled from the 425,000 posted in April 2008. The NSA figures... for males to 22.2 percent, while that for females eased by less than 1 pp to 29.8 percent
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Revenues 705 mln short in June but expenditure above target by 961 mln
Economy), which more than offset the revenue shortfall by 1.68 billion. On a monthly basis, revenues (before... better than target and PIB balance 430 million above target The 6-month budget deficit remained almost... better than target. Our understanding is that the government stepped up its efforts to rein in payments
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New Democracy finds compromise but SYRIZA seemingly heading for clash
PoliticsGreek Politicscommittee. More than half of the committee's 200 members voted against the agreement Tsipras brought.... SYRIZA’s Left Platform wants a more substantial dialogue than Tsipras is offering at the moment... that he can be seen to be in charge of the process rather than at the mercy of rebels. Things appear
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Total health spending down to 8.65 pct of GDP as public healthcare sees big drop
Societythe country’s statistics agencies that shows the drop is greater than previously reported. The Hellenic... funding as a percentage of GDP was higher in 2010 than previously recorded (9.84 percent as compared... lower than previously reported. Following OECD standards, the new data looks at healthcare expenditure
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomyThe general government (gg) primary cash surplus contracted by more than 1.6 billion euros to 238... budget widened by more than 1.1 billion euros to 1.72 billion in the 6-month period and remained... to a worsening fiscal position by more than 1.4 billion vis-a-vis the same period last year fully reflecting
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