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Emerging Markets Special Focus Reports

08 August 2014
Ioannis Gkionis, Senior Economist of Eurobank
• Banking sector troubles subside on the decisive actions of the authorities and the approval of a EU precautionary line for liquidity support
• The polls ahead of the early parliamentary elections suggest that a swift of power to a GERB led government coalition is likely
• Significant fiscal relaxation as a result of lackluster growth and banking sector recapitalization costs is underway
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