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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgrammeThe report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammeGreece managed to clear on Wednesday the fourth post-programme review for this year and the third since the pandemic broke.
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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomyThe European Commission published on Thursday the economic forecasts for Europe within the context of the 2020 autumn forecasts.
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Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 2.8 points month-on-month in October to reach 92.3 points, European Commission (EC) figures showed on Thursday.
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WWF sets out road to green economic recovery in post-Covid landscape
EconomyFeaturesWWF Greece has released a blueprint for Greece’s green recovery which outlines a number of steps for the government to take to improve the country’s environmental profile.
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Greece buoyed by diplomatic progress on Turkey ahead of EU summit as it plans to reduce refugee camps
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis will be in Brussels on Friday to attend a summit of EU leaders where the response to Turkey’s recent actions in the eastern Mediterranean is expected to form a large part of the agenda.
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EU migration pact meets with lukewarm reception in Athens
PoliticsGreek PoliticsThe European Commission’s proposal for a new migration pact, touted by commissioners as a "a proper single cohesive migration policy", has been received in Athens with guarded enthusiasm.
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Consumer confidence drops by 6 pts as economic sentiment declines in September
EconomyMacroeconomyGreece’s economic sentiment (ESI) dropped by 1.2 points month-on-month in September to reach 89.5 points, European Commission (EC) figures showed on Tuesday.
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Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
EconomyProgrammeGreece officially completed its seventh post-programme review on Wednesday, when the European Commission released the relevant report.
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VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU
EconomyFeaturesThe European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU.