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Emerging Markets Special Focus Reports

21 May 2014
Ioannis Gkionis, Senior Economist of Eurobank
• The ruling party SNS won a landslide victory in the early parliamentary elections which enables it to accelerate fiscal consolidation efforts and implement difficult structural reforms 
• The negative impact from floods is expected to put additional downward pressure on growth in 2014
• The fiscal target was slightly outperformed in 2013, yet fiscal consolidation challenges remain largely unattended
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