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Newsletter 35 - 17/07/2015
fell below the 1 billion mark by the end of May. The commission anticipates that the new programme... will not reoccur before new financing is disbursed. Cabinet reshuffle may reveal PM's hand Snap elections... November 2011 to May 2012. Primary surplus widens Greece’s budget primary surplus widened to 1.88 billion
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Tsipras keeps bailout issues in safe hands but fails to inspire with new cabinet
PoliticsGreek Politics: Ministers considered safe hands being appointed to bailout-related posts, ministers who had proved... a safe pair of hands, Deputy Prime Minister Yiannis Dragasakis, retains his position. Dragasakis... as health minister. His predecessor, Panayiotis Kouroublis, was moved across to the Interior Ministry
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For Greek banks, it's business as unusual
Agoraliquidity in their bank accounts if and when current speculation about a bail in may become the harsh... to the emergence of a shadow banking system in the country’s real economy. Money under the mattress, in safe... holders cannot know if a soft bail-in option may have to be implemented in due course. The four systemic
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PM aims to divert OPEKEPE inquiry as he signs up to SAFE scheme
PoliticsGreek Politicson the European Union’s SAFE scheme for defence and will now draw loans to boost its military capabilities... in the opinion polls, Mitsotakis is hoping that he can prevent his opponents building any momentum. SAFE activated Greece’s decision to tap into the EU’s new SAFE (Security Action for Europe) scheme, securing 1.2
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomyBuilding activity showed signs of recovery in May with a rise of 31.6 percent year-on-year, after... Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached 2,717, from 2,065 in May 2024. The corresponding surface area also saw a strong rise of 23.5 percent YoY, while volume
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Soldiers' ongoing detention troubles Tsipras, riles Kammenos
PoliticsGreek Politicsreferred to Erdogan as being “mad” and suggested that the Greek soldiers may spend up to 15 years... but a common political goal,” Tsipras told his ministers in televised comments. “This was the safe... president operates like a “sultan.” Both comments seem to be an indication of the frustration
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Sustained friction with Turkey reveals differing views, approaches in Athens
PoliticsForeign Policyof provocation from a safe distance which, however, carries the risk of an accident.” At the Defence Ministry....” "In a country where justice does not work properly and courts operate under the Sultan's order, the adventure of the two Greek soldiers may last for more than 15 years," he said while speaking in Parliament
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ND in danger of being blown off course by farming subsidy scandal
PoliticsGreek Politicsto plead the case of a local olive farmer who was in danger of missing out on a legitimate subsidy... that the percentage of respondents intending to back New Democracy has fallen from 22.6 pct in May.... In the projected results, ND gets 28.5 pct, almost two points lower than in May, while PASOK gets 13.1
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Greek-Turkish tensions flare over Turkey’s bid to join SAFE
PoliticsForeign Policyin the European Union’s SAFE (Security Action for Europe) programme - a 150-billion-euro lending... and expressed strong support for Turkey’s inclusion in SAFE. Johannes Wadephul described Turkey... that Germany imposes no restrictions on such collaboration. Turkey formally submitted its request to join SAFE
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Tsipras raises debt relief at UN but refugee crisis may prove more pressing issue
PoliticsForeign Policymay be a possibility. However, the borders being closed by countries north of Greece... the next few days, with an appearance at the Clinton Global Initiative’s annual meeting. Tsipras sat
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