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Final list of bidders confirmed ahead of contentious auction for TV permits
PoliticsGreek PoliticsTV and two newcomers: One backed by construction firm owner Yiannis Kalogritsas and the other... in Skai TV but has no other background in television. The one glaring absence from the line-up... of stations able to broadcast nationally (from the current seven), links between one of the bidders
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankinginclude one off gains related to the Visa transaction and sale of EFSF bonds and the negative impact from extraordinary provisions involving one large corporate of the retail sector (Marinopoulos). Core... to 224 bps in Q2 from 176 bps in the previous quarter. The QoQ spike relates to one specific case
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After joy of TV permit auction, Tsipras faces programme restrictions
PoliticsGreek PoliticsInternational Fair on Saturday, which will be one of the milestones for the Greek government this week... part in the process, raising the possibility that at least one of the challenges may be successful... in Bratsilava, where Greece is expected to be one of the main issues on the agenda. There have already been
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Lesvos fire highlights growing threat to government from refugee crisis
PoliticsForeign Policyis one of the most serious, although not obvious, political risks for the current government... have seen tourism on islands like Lesvos plummet this year, is a dangerous one. The matter is made... for the government, and turn what has largely been a localised problem into a national one.
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Greek SMEs continue to have bleak view of their future
Society. For every one company showing signs of improvement, there are ten in serious financial difficulty... in ten small businesses are in arrears to their social insurance fund; one in five are behind in their utility bills while one in three have fallen behind in repaying bank loans. IME-GSEVEE compiled
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Government tries to limit damage from corruption claims but more tests lie ahead
PoliticsGreek Politicsthat it favoured at least one of the businessmen involved in the process. State Minister Nikos... ties to construction firm owner Christos Kalogritsas and his son Yiannis, who was one of the four... this contradiction will be one of the prime minister’s tasks when he returns home, although trying
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Government caught between milestones and corruption claims
PoliticsGreek Politicsthey are relatively minor short-term steps) represent one of the few positives that the government... SYRIZA sliding out of the frontline of Greek politics. Corruption claims The one new risk for Tsipras... was one of the successful bidders, are also making the coalition’s position increasingly difficult
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Greek households continue to slash spending on goods and services
Society), miscellaneous goods and services (9.0 percent), health (7.5 percent – one of the highest rates in Europe...’ spending on education (3.3 percent) is one of the highest in Europe; at the other end of the scale... percent, respectively). Size The survey also revealed that households with one person over 65 spend
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Car sales jump by 20 pct in October
EconomyMacroeconomyand the highest positive one since July. It also reflects a low base effect, since car sales dropped by 13.8 percent in October 2015, which was one of the four negative readings in the last 22 months. In absolute... is one of those that has been hit most in Greece in recent years, even before the start
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Newsletter 95 - 11/11/2016
to maintain their families at a good standard of living,” wrote Howard Marks of Oaktree. “One earner per household was enough, and one job per earner. Strong labour unions ensured adequate pay... patronising relationship.” This economic disconnect has brought several other factors into play. One
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