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Industrialists warn Greece must take ownership of reforms to remain in the Eurozone

By   /  04/01/2017  /  Business, Finance, GR Business, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Industrialists warn Greece must take ownership of reforms to remain in the Eurozone

The Hellenic Federation of Enterprises (SEV) warned on Wednesday that should Greece’s current guardianship by international creditors should not continue in the foreseeable future, the country’s participation in the European Union (EU) will only be “on paper”. In the worst case scenario, Greece risks exiting the EU altogether, SEV says in a weekly report focusing […]

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Fin Min: No agreement for further austerity

By   /  27/12/2016  /  Finance, GR Finance, GR Politics, GR Social, Greece, Politics, Social  /  Comments Off on Fin Min: No agreement for further austerity

Greek Finance Ministry sources made clear that the letter sent by Finance Minister Euclid Tsakalotos to the European Stability Mechanism (ESM) in order for the latter to “unblock” short term debt relief for Greece provided no assurances that fresh austerity measures will be decided by Athens. “The government did not commit to anything more than […]

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Greek debt relief measures still blocked

By   /  22/12/2016  /  Finance, GR Finance, Greece  /  Comments Off on Greek debt relief measures still blocked

Talks between the Greek government and the country’s creditors will continue in order to determine whether or not recently decided social measures are compatible with the bailout program. The Eurozone wants Athens to provide assurances that supplements to pensioners worth 617 million euros are a one-off benefit and that no further unilateral action will be […]

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2014 marks a recovery of economic growth

By   /  10/01/2014  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on 2014 marks a recovery of economic growth

ANALYSIS/The most well known experts from international financial institutions offer their forecasts over the economic situation of different European countries for this year. Balkaneu.com brings a thorough picture of these forecasts. They start with Austria, which this year is overcoming the economic stalemate. This year, Central and Eastern Europe is accompanied by a quicker recovery, […]

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A German debate with a strong Greek scent

By   /  02/09/2013  /  Finance, GR Finance, Greece, Headlines  /  Comments Off on A German debate with a strong Greek scent

  By Christos T. Panagopoulos Greece’s financial problems seemed to have played a major role during the debate between German Chancellor, Angela Merkel and her political opponent from the Social Democratic Party (SPD), Peer Steinbrück, which was held on Sunday. Journalists’ questions whether Greece will require a third bailout program forced the two opponents to […]

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New World Bank Report foresees fragile recovery for six countries in South East Europe

By   /  18/06/2013  /  Finance, Headlines  /  Comments Off on New World Bank Report foresees fragile recovery for six countries in South East Europe

Signaling the end of the double-dip recession of 2012, the group of six South East European (SEE6) countries[1] is now making a fragile recovery: its combined real GDP is projected to grow 1.7 percent in 2013 after a 0.6 percent decline in 2012, according to the latest World Bank South East Europe Regular Economic Report […]

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