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Greek lawmakers elect new speaker ahead of key debate ATHENS: Greece's former interior minister Nikos Voutsis was elected parliament speaker on Sunday as lawmakers geared up for a crucial debate on the Syriza government's reform programme.Prime Minister Alexis Tsipras, fresh from his election win last month, said on Saturday he wants to move fast with the country's massive new bailout deal but warned that difficult decisions lay ahead.A three-day parliamentary debate on the government's new economic policies will begin Monday, culminating on Wednesday with a confidence vote.Eurozone finance ministers also meet on Monday for the first time since the Greek election on September 20 returned Syriza to government, ahead of an audit on the country's finances later this month.EU Economic Affairs Commissioner Pierre Moscovici said Greece would need to introduce even more economic reforms than those already agreed with creditors."We need more measures after the voting of the prior actions (in order to) "improve the climate for investments in ...

Portugal voters head to polls seeming resigned to austerity LISBON: Portugal goes to the polls Sunday with voters set to give their verdict on four years of austerity by either re-electing the centre-right coalition that steered the country through a punishing bailout or turning to the Socialists who promise to ease painful reforms.Prime Minister Pedro Passos Coelho's "Portugal Ahead" coalition -- linking his centre-right Social Democratic Party with the conservative Popular Party -- has made a surprising comeback in opinion polls, with most putting ...
Erdogan faces tough EU talks on refugees, Syria BRUSSELS: Turkish President Recep Tayyip Erdogan meets EU leaders Monday but they will find it hard to bridge gaps on the migrant crisis and the Syrian war that has produced so many of the refugees they must both deal with, analysts say.Russian air strikes in Syria have upped the ante in a conflict which has destabilised a region in which Ankara plays a pivotal role, with Turkey taking around two million refugees from Syria.Erdogan faces ...
Channel Tunnel traffic resumes after migrant intrusion LILLE: Traffic resumed through the Channel Tunnel connecting Britain and France early Saturday several hours after being suspended when 113 migrants entered the French side of the tunnel complex, the company operating it said.A Eurostar train coming from England entered the tunnel at 8:05am (0605 GMT), a Eurotunnel spokeswoman told AFP, saying that full services would resume gradually.The tunnel had been closed shortly after midnight (2230 GMT) when a crowd of migrants stormed the entrance ...
Pro-Moscow separatists say begin tank withdrawal in east Ukraine KIEV: Pro-Moscow rebels announced Saturday they had begun withdrawing tanks from the line of contact with government forces following key peace talks in Paris the day before."People's militia of the Lugansk People's Republic has begun a withdrawal of tanks from the line of contact in accordance with a Minsk deal," said the official news agency of the rebel region.Copyright AFP (Agence France-Presse), 2015 ...
Turkish PM at UN calls for refugee 'safe zone' in Syria UNITED NATIONS: Turkey's prime minister used his UN General Assembly speech on Wednesday to press demands for a "safe zone" to be created in Syria to protect civilians fleeing barrel bombs and the Islamic State group.Ahmet Davutoglu called for swift action to provide displaced Syrians with "safety in their homeland, a safe zone, free from aerial bombardment by the regime and ground assault by Daesh and other terrorist organizations."Copyright AFP (Agence France-Presse), 2015 ...
Putin: Not for Obama or Hollande to choose Syria leader UNITED NATIONS: Russian President Vladimir Putin on Monday scornfully dismissed calls from his US and French counterparts Barack Obama and Francois Hollande for Syria's Bashar al-Assad to step down."I relate to my colleagues the American and French presidents with great respect but they aren't citizens of Syria and so should not be involved in choosing the leadership of another country," he said.Copyright AFP (Agence France-Presse), 2015 ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln