Greece
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Cyprus rating gets junk status
Cyprus’ sovereign debt has been slashed to junk status by the ratings agency Moody’s, due to heavy bank exposure to the Greece’s struggling economy.
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German funds for Ptolemaida electricity plant
More than half of the funding for the construction of Public Power Corporation’s new lignite unit at Ptolemaida, western Macedonia, will come from Germany.
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Venizelos to step down as finance minister
“Once I take over at the helm of the biggest party in parliament, I will have to devote myself to these new duties”. These words belong to current Finance Minister Evangelos Venize
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Greece presses charges over alleged 2008 Karamanlis plot
A Greek prosecutor pressed charges of treason and trying to destabilise the country against unknown suspects this week over an alleged 2008 plot to overthrow the then-conservative
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Funding approved
The International Monetary Fund on Thursday approved 28 billion euros in funding for Greece over the next four years.
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Greece’s unemployment rises to 20.7 per cent
Greece’s jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2012, reflecting the country’s deep economic malaise, exacerbated by austerity to
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Ex-ministers launch new socialist party
Two former ministers, Louka Katseli and Haris Kastanidis, launched a new party named “Social Pact” last Wednesday, promising that they would provide “realistic and radical policies
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E-tax return forms for high earners
Greek taxpayers with incomes over 15,000 per year will have to submit their forms electronically.
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PR firms to boost tourism to Greece
Greece is set to use public relations companies to help boost tourism for the country.
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Greece will need more austerity cuts
New bailout approved but EU wants 11.7 bln euros of savings in 2013/14