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EU praises Greece’s progress in departure from troika criticism

Overhauls in Greek markets, the economy and public administration are delivering results, the European Commission said Wednesday, signaling divisions among official creditors over the country’s progress. “Greek public administration has continued signific… … Full News here – Latest News

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Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says

Greece’s economy is expected to grow by 0.7 percent this year pulling itself out of a six-year recession, helped by higher tourism revenues and stronger household spending, the Athens-based IOBE think tank said on Wednesday. IOBE had earlier predicted a s… … Full News here – Latest News

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Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain

Dromeus Capital Management SA is turning Greek tragedy into triumph. When Achilles Risvas, chief executive officer of the $ 240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in… … Full News here – Latest News

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Strategy focuses on debt sustainability

Greece’s state debt amounted to 174.1 percent of gross domestic product in the first quarter of 2014 according to data released on Tuesday by Eurostat. Greece has the highest debt as a percentage of GDP in the 28-member European Union and its level highli… … Full News here – Latest News

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48 hours in Athens: Greece is the word

48 hours in Athens: Greece is the word Syntagma Square is the centre of modern Athens, with the rather modest parliament building at its forefront. Look out for the changing of the guard – Greek style. Head for breakfast at the GB Roof Garden at the Hotel Grande Bretagne – booking advised … Full News […]

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7/23/2014: Front Page: Golden Dawn using legal tricks to delay trial

MPs and members of Golden Dawn are using legal tactics to drag out a criminal investigation into the neofascist party and postpone the beginning of a trial planned for November so that suspects can be released from pretrial custody before judges can… Full News here – Kathimerini English

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Fight for ADMIE privatization ends

The tender for the sale of Greece’s Independent Power Transmission Operator (ADMIE) appears to have changed course since it seems the State Grid Corporation of China is set to buy a sizable stake in a vehicle controlling Italian operator Terna. The Chines… … Full News here – Latest News

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Traders say last weekend proved Sunday opening is pointless

About 40 percent of retail stores remained closed last Sunday, while consumer traffic in most commercial districts was subdued, according to a survey conducted by the Commerce and Services Institute of the National Confederation of Greek Commerce (ESEE). … … Full News here – Latest News

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TAIPED finally finds suitors for Afandou properties

Following the third sale announcement, state privatization fund TAIPED has managed to find five candidate buyers for the two plots up for grabs at Afandou on Rhodes. The fund announced on Tuesday it has received two binding bids for the plot in northern A… … Full News here – Latest News

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Number of firms filing for bankruptcy in Greece drops

The number of companies that filed for bankruptcy in Greece last year declined by 5.5 percent from 2012, according to ICAP Group data released on Tuesday by the Federation of Business Information Services (FEBIS) concerning Western Europe. While the numbe… … Full News here – Latest News

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Atlanta Dream coach Michael Cooper has tongue cancer

Atlanta Dream coach Michael Cooper has tongue cancer ATLANTA | Atlanta Dream coach Michael Cooper has early stage tongue cancer and has taken a leave from the WNBA team. He will have surgery this week at Winship Cancer Institute of Emory University in Atlanta and a full recovery is expected, the Dream … Full News here […]

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Golden Dawn using legal tricks to delay trial

MPs and members of Golden Dawn are using legal tactics to drag out a criminal investigation into the neofascist party and postpone the beginning of a trial planned for November so that suspects can be released from pretrial custody before judges can decid… … Full News here – Latest News

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7/22/2014: Front Page: Genital mutilation cited

An Athens court yesterday temporarily stopped Greek authorities from expelling a Kenyan woman from the country, ruling that she was in danger of suffering female genital mutilation if she was to return to her homeland. The decision was a first for… Full News here – Kathimerini English

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7/22/2014: Front Page: Glezos to raise German war ‘debts’ at Euro Parliament

SYRIZA MEP Manolis Glezos, 92, is planning to raise the issue of Germany’s Second World War reparations to Greece for Nazi crimes at the European Parliament in September. Speaking to Deutsche Welle yesterday, the war hero noted that the issue would be… Full News here – Kathimerini English

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7/22/2014: Front Page: Chinese investment

The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularly rough times. Recent visits to Greece by Li Keqiang, premier… Full News here – Kathimerini English

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