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GSI tensions and defence moves raise stakes in Greek–Turkish relations
Turkey’s renewed warnings towards Greece are increasingly being viewed in Athens not as isolated bursts of rhetoric, but as part of a broader shift in a relationship that in recent years has operated under a carefully managed - and always fragile - calm.
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ELAS builds party machinery, stokes row over heating oil as Kasidiaris targets comeback
As Greece enters a long pre‑election period marked by economic anxiety and political volatility, Alexis Tsipras is accelerating efforts to turn ELAS into a fully-fledged nationwide organisation capable of competing in the next general election.
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Current account turns to surplus in July thanks to services, tourism
Greece’s current account deficit went to a surplus of 218.5 million euros, from a deficit of 602.8 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
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Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Positive developments around Greek sovereign bonds (GGBs) continued last Friday, with Moody’s upgrading its outlook on Greece to positive from neutral, while Scope Ratings raised the country’s credit rating by one notch to BBB+ with a stable outlook.
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Politics
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/09/29/parliamentfence_1000_myrto2909-large.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Mitsotakis facing up to challenging autumn as majority momentum fails to materialise
As Greece moves into the autumn and the long pre‑election period begins to take shape, Kyriakos Mitsotakis faces a political and economic landscape that seems to be far more demanding than the headline macroeconomic indicators suggest.
PM rolls out more help for energy bills, pleads for majority as polls show path narrowing
Muted post-TIF polls trigger Mitsotakis counter-offensive
Economy
Energy drives 16.4% YoY jump in industrial turnover for July
Greece’s industrial turnover recorded another strong rise of 16.4 percent year-on-year (YoY) in July, from 19.6 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Property price growth slows to 5.5% YoY in Q2, at new all-time high
Primary surplus at 6.5 bln up to August as taxes continue strong trend
Society
OECD warns young Greeks face deep structural barriers to work, family and housing
The latest OECD report on the challenges faced by young people in Greece captures the complex landscape they must navigate and the hurdles they encounter in their efforts to achieve financial independence, find stable employment, start a family and secure housing.
EU report shows Greece entering new era of extreme ageing and population decline
Trust levels fall again as public perceptions trail economic progress
Agora
The making and unmaking of "Greek statistics"
Back in 2010, the term “Greek statistics” became synonymous worldwide with creative fiscal accounting and institutional failure. When Greece faced bankruptcy in late 2009, the international community discovered that the New Democracy government had understated the country’s fiscal deficit.
Magdeburg shocks Berlin
A summer tan can’t obscure Greek economic reality