Tag: Greek

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Greek objections mar preparations for EU’s 60th birthday

makis - Mar 23, 2017

Greece has stuck to its objections to a declaration to mark the European Union’s 60th anniversary, officials in Brussels and Athens said on Thursday, a potentially embarrassing…

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Greek gov’t eyes community service for road offenders

makis - Mar 21, 2017

In a bid to curb irresponsible behavior on Greek roads, the government is considering the introduction of compulsory community service for those who cause serious accidents, Deputy…

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Nouy: Bad loans ‘major challenge’ for Greek banks

makis - Mar 14, 2017

Bad loans pose a major challenge to Greek banks but the sector has improved “substantially,” European Central Bank supervision chief Daniele Nouy told the Athens News Agency…

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Greek unemployment steady in December, eurozone’s highest

makis - Mar 09, 2017

Greece's jobless rate stood at 23.1 percent in December, unchanged from an upwardly revised reading in the previous month, statistics agency ELSTAT said on Thursday. The number…

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Greek Justice Ministry plans new police branch

makis - Mar 08, 2017

The Justice Ministry has announced its intention to proceed with plans to create a judiciary police branch. A six-member committee, led by deputy Supreme Court prosecutor Anna…

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Greek women hit hardest by unemployment

makis - Mar 08, 2017

Women, especially young women, have been hit particularly hard by Greece’s economic crisis, Labor and Social Insurance Minister Effie Achtsioglou told the Parliament in Athens on Wednesday…

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Greek economy flat last year, stats service says

makis - Mar 08, 2017

Greek economic growth was flat last year, the country's statistics service ELSTAT said on Wednesday, releasing its first estimate of full-year 2016 gross domestic product. It said…

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Greek President stresses desire for good relations with Turkey

makis - Mar 07, 2017

Greek government support for the democratically elected government in Turkey during the failed coup attempt in July is clear indication that Athens wants to preserve good-neighborly relations…

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Greek military analysts: Turkey will not attack in Aegean as islands full of soldiers

makis - Mar 02, 2017

Greek military analysts believe Turkey is raising tensions in the Aegean Sea because it found itself cornered on the Syrian front. According to their analysis, Turkey is…

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Greek retail sales fall 1 pct in December, led by drugs and cosmetics

makis - Feb 28, 2017

Greek retail sales by volume fell 1.0 percent in December compared to the same month a year ago after an upwardly revised 4.0 percent increase in November,…

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Greek utility says being investigated by EU competition watchdog

makis - Feb 15, 2017

The European Union’s competition authority is investigating Greece’s power utility PPC over allegations the utility has violated antitrust rules, PPC said on Wednesday. Two sources told Reuters…

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Greek economy contracts 0.4 percent in fourth quarter

makis - Feb 14, 2017

Greece’s economy shrank by 0.4 percent in October-to-December compared to the third quarter when gross domestic product grew by an upwardly revised 0.9 percent, the country's statistics…

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Fitch: Program review underpins Greek sovereign assessment

makis - Feb 13, 2017

Recurrent tensions between Greece and its official sector creditors are already reflected in Greece’s sovereign rating, which has been at or below CCC for nearly two years,…

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Greek borrowing costs tumble on prospect of progress on debt talks

makis - Feb 10, 2017

Greece's borrowing costs fell sharply on Friday as signs emerged that the country's main creditors have agreed a common stance on bailout talks. Two-year Greek government bond…

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Greek military observing Turkish research ship amid tensions

makis - Feb 10, 2017

Greece’s National Defense General Staff and the Hellenic Navy have been closely monitoring the presence of the Turkish research vessel Cesme off Andros following a spike in…

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Greek unemployment unchanged in November, still eurozone’s highest

makis - Feb 09, 2017

Greece’s jobless rate came in at 23 percent in November, unchanged from the previous month, statistics agency ELSTAT said on Thursday. The number of officially unemployed reached…

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Greek labor minister says IMF demands are ‘unreasonable’

makis - Feb 09, 2017

The International Monetary Fund’s stance on the Greek bailout is “problematic” and its demands of the cash-strapped country “unreasonable,” Labor Minister Efi Achtsioglou said on Thursday. Speaking…

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Majority of Greeks want to stop immigration from Muslim-majority countries, survey shows

makis - Feb 08, 2017

A majority of Greeks want to stop immigration from Muslim-majority countries, a survey has found. The Chatham House study, conducted before US President Donald Trump signed an…

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Greek firefighters take to streets over hiring conditions

makis - Feb 08, 2017

Hundreds of firefighters in uniform took to the streets of Athens Wednesday to protest hiring conditions, saying roughly one third of their jobs are at risk due…

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Greek bailout program would end if IMF pulled out, Schaeuble says

makis - Feb 06, 2017

Germany believes the International Monetary Fund (IMF) will remain on board with Greece's bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision…