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Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
May 2004
by Dimitris Kontogiannis
Karamanlis: Greece?s new prime minister and his government are convincing the markets they have a sound economic policy
The New Democracy party defeated the socialist Pasok party in March with a surprisingly high margin of nearly five percentage points, clinching 45.5% of the popular vote. The party?s second victory since 1981 gave New Democracy a clear majority, making the election of a new president of the republic in 2005 more likely and eliminating the risk of repeat national elections.
?It is important that this government has a full-term perspective. Its mandate...
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