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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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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek Politicsmeasures will have, they will allow the government to argue that it is more caring than previous administrations and live up to the pledges it made to a section of society where support for SYRIZA... programme, especially as this was one of the areas of policy making where previous governments were
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomybalance in the year to date continues to support this year’s fiscal outcome.... the settlement of tax arrears in up to 100 instalments. According to a previous MoF announcement, revenues from... in the preceding two months. The MoF reiterated its previous statement that the lower expenditure
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S&P moves Greece down a notch to CCC, maintains recession forecast
Economyits rating at the current level if the policy conditions of the new financial support programme..., the next rating review for Greece was scheduled for September 11. However, similarly to its previous... weak and growth prospects muted. The rating agency retains its previous estimate calling for a GDP
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