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October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013
EconomyMacroeconomywith the heads of troika mission to support the credibility of their own estimates on 2014 fiscal gap.... of 1.5 billion. Similar to previous months, the other general government areas are exhibiting... at 370 million and 265 million respectively. Unlike previous months, tax refunds jumped by 234 million
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Are Independent Greeks and SYRIZA set to become odd bedfellows?
PoliticsGreek PoliticsSYRIZA will be able to gather such support between now and whenever the parliamentary polls are held... the previous week when he called for the two parties to have joint candidate lists. The idea... and members means that SYRIZA is wary of embracing figures that have been associated with previous
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicspressure from the troika. New Democracy has strong support among these groups and was concerned about... have lost since then but also to restore their wages to their previous levels from now... be returned to previous levels. Should this decision be rubber stamped, then the government could face another
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Goalposts shift as European elections near and SYRIZA cements lead
PoliticsGreek PoliticsIt should be noted that PASOK, whose support is roughly on the threshold for electing an MEP... method is more direct form of democracy. However, this runs contrary to previous discussions about... in previous elections. In 2009, PASOK and New Democracy each elected eight MPs with 36.6 and 32.3
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Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
EconomyMacroeconomyto support 4.76 million unemployed and inactive, an unsustainable ratio by any measure. A recent... a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency... the previous month figure. Over the past four years the number of unemployed has surged 169 percent
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BoG sees encouraging signs for Greek economy but warns on reforms
Economythat support the BoG’s expectations stem from the bottoming out of the drop in consumption, the positive... Finance Minister next week. The central bank reiterates its previous estimates outlined in its... positive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor
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Athens pleased with Brussels appointments but new Commissioner faces big task
PoliticsGreek Politicslogistical or financial support from Brussels. Given the instability in the Middle East, this is sure... trying to enter the country via Turkey, marking a 143.6 percent increase over the previous year... emerging as a compromise candidate. Although he has held significant posts in this and previous
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Newsletter 3 - 14/11/2014
precautionary support is a non-starter after the way the markets reacted in the last few weeks, sending...). In absolute terms, the number of unemployed fell by 20,400 on the previous month, with the total...) in Q3 after growth of 0.4 percent in the previous quarter based on revised data. A poll
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Newsletter 7 - 12/12/2014
and domestic support, Samaras needed a new narrative, especially with the presidential elections looming... the memorandum – the bailout agreement the previous PASOK administration had signed and which Samaras had... to continue backing them so they could secure debt relief and build on the previous year’s positive
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Greece: Where did it all go wrong?
AgoraParliament elections and domestic support, Samaras needed a new narrative, especially... on the promise of renegotiating the memorandum – the bailout agreement the previous PASOK administration had... on the previous year’s positive fiscal data. Voters, however, were not willing to wait any longer. SYRIZA
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