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Topsy-turvy ride continues for Independent Greeks, as another MP goes
PoliticsGreek PoliticsGreece’s quirky anti-bailout party, Independent Greeks, found itself minus one MP on Monday... was formed, several key members quit in a disagreement over his leadership style. One, Christos Zois, set... is significant in that it reduces Independent Greeks to just 17 seats, one fewer than Golden Dawn
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SYRIZA's bid to force elections by early 2015 will be a close-run thing
PoliticsGreek Politicsa presidential nomination is not a new one in Greece. In fact, it was used as recently as 2009, when PASOK leader... that the government has altered the role of the president from one that is largely ceremonial to one
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It's not the distance; it's the load you carry
AgoraIt is natural to attempt to instill some hope when one addresses a nation that has been battered..., irrespective of any objections one might have about its size and how it was achieved. The table... us back to the uncomfortable discussion that no one wants to have about Greece's debt. The current
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Buying time: The delayed crisis of democratic capitalism - a review
Agorafor the new European Parliament in May. One still wonders why this is only happening now, so late...’s view the ECB is in fact morphing into a quasi-government of last resort. One only needs to recall... with contempt and that their dignity has been hurt. One can only hope that this provocative book
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economy(gg) deficit is expected at 13.1 percent in 2013 including one-off costs related to bank recapitalization (11 percent of GDP), according to the EC. Excluding this one-off item, we see the gg deficit... anticipates the gg primary deficit at 8.8 percent of GDP in 2013. Excluding the one-off bank recap
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Omnibus bill passes but leaves marks on coalition and SYRIZA
PoliticsGreek Politicsto consider. Samaras ousted Nikitas Kaklamanis, the one New Democracy MP who failed to provide full support... for SYRIZA’s surprise choice are not clear. One is likely to have been to draw attention..., the HFSF. Finally, SYRIZA may have felt it needed to make one last stand against the government in the run
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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomyAs previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B... was published on May 14, 2013 when long-term rating was raised by one notch from ‘CCC’ to ‘B-‘. Greece’s highest credit rating is the one from Fitch, followed by S&P’s ‘B-’ with stable outlook, which was set
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Greek-German relations: Perception versus reality
AgoraThere is currently much talk about what kind of conclusions one should draw from the recent..., as if the need to act urgently did not already exist beforehand. One key indicator of this discussion... between these impressive levels of tangible cooperation and technical support on the one side
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PASOK's growing internal strife hampering Greek coalition
PoliticsGreek PoliticsMinister Michalis Chrysochoidis, one of the few heavyweights left within PASOK. The minister reportedly... one of the coalition’s commitments since it was formed in June 2012. Under the Greek Constitution, any change to the electoral law would not apply in the upcoming vote but in the one after
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Greek debt: A case of learned helplessness?
Agorarestructuring by its eurozone partners although it was evident that one was necessary. Instead, Athens..., Greece’s solvency crisis was presented as a liquidity one, prompting the eurozone and the IMF... devaluation and businesses’ plans through severe loss of revenue. As a result, one in three loans
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