Politics / Macroeconomic Indicators, Economic Growth
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Politics: Greece manages to stay in the euro
Early in the morning on Monday 13 July, following an all-night Euro Summit as well as a reduced-format negotiation with the German Chancellor Merkel, Greek Prime Minister Alexis Tsipras seems to have saved his country´s place in the euro. Despite the fatalistic mood after the 11 July´s Eurogroup, ...
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Politics: Greece defaults, opposes austerity in a referendum, then asks for new bailout
Last two weeks (29 July-12 July) saw a vibrant development in the Greek saga. First, the last-ditch attempt to avoid default failed, leading to a sovereign default on 30 June since Greece failed to pay its bundled €1.6 bn payment to the IMF. The country imposed capital controls and closed all comm...
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Politics: The Greek grand finale – with an unexpected ending
Last week saw two summits and two Eurogroup meetings discussing Greece. After no substantial progress was made last week (ending 21 June), the European Council and Euro Summit President Donald Tusk called an extraordinary meeting of EU presidents and prime ministers for Monday 22 June. Since Greece ...
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