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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsand if the government has found a way to settle more than 500 million euros of state debts to the Athens... falling quicker than planned due to retirements, was solely aimed at breaking a “taboo”. “This demand..., employing more than 700,000 people, but that this number is on course to fall below 550,000 by 2015
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Of symmetry and adjustments in the eurozone
Agoraa negative impact on the ability of households to generate demand, this would be more than compensated... because of Germany, of course) had a surplus of slightly more than 6 percent. Since... and Greece, and more than 40 percent in Italy. Fiscal consolidation in the periphery
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New Greek cabinet a mixed bag, prompting hope and concern
PoliticsGreek Politicsshould be to reduce annual interest payments to less than 2.5 percent from the current 4.3 percent rather than a reduction in the principal. Stathakis's department will also be responsible for two key... was foreign minister more than a decade ago. More recently, he has worked as a professor
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Regling and Wieser: The key points
Agoramore money than the IMF could do, with much better terms: longer maturities and much lower interest.... When you look at the fiscal deficit, it was higher in Greece than in Ireland and Portugal. When you... weaker than we thought. What needed to be fixed took longer because the implementation capacity
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Electoral law vote brought forward, refugee crisis returns to political agenda
PoliticsForeign Policymore than 3,000 migrants on Lesvos. Despite the recent lull in arrivals, problems remain at the island... this week, rather than Friday as had originally been planned. There is no obvious tactical move... rather than Parliament. However, the prime minister does not appear to have the support of his
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More changes needed to unlock private sector's potential, report says
EconomyFeaturesdominated by small firms, rather than larger, productive companies serving international markets... added affected micro firms (less than ten employees) the most but also impacted small businesses... at around 80 percent of the nominal value in 2008.” While this has led to large firms’ (more than 250
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economyportion of Greece’s government debt representing less than 20 percent of the total stock, or less than 40 percent of GDP. The last disbursement of the programme that went towards the build-up... in the long term. In the absence of further reforms, S&P thinks that Greece cannot grow more than 3
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Fears and reassurances over PPC's dire finances
EconomyFeaturesform of privatisation. When still in opposition rather than government, Alexis Tsipras, was against... impact of dirty energy is more apparent than ever. A second tender is underway and binding offers... in Europe, noting that for PPC, net debt is 8 to 9 times higher than earnings, while the average
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North Macedonia's road to Brussels: Breaking the vicious cycle
Agorapartisanship. The borders were much more porous for illiberal democracy and populism than for the import... much livelier than the debate, based on analysis, on how the existing agreements are being... and implementing that vision, we should rely more on the use and support of what we have at our disposal than
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Newsletter 387 - 30/06/2023
conservative positions than he would like because of fears that the far-right, populist parties... higher than in 2019. While this is not a spectacular result, and the social democrats might consider... to ensure that his party holds on to greater support than the socialists, and therefore the upper hand
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