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PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
EconomyMacroeconomyare far from capturing the impact of the pandemic. The report notes that the signs of the crisis... the economy should focus on stemming the rise in unemployment, restore investment spending and avert a new... of creating a “more resilient and export-oriented economy with emphasis on high added-value activities
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Parties jostle over economic data, public still backs ND approach on pandemic
PoliticsGreek Politicsthe second half of March, a small part of the first quarter, and that the economy had been contracting... on the Greek economy during the first quarter could be a result of the limited interconnectedness... are satisfied with the measures the government has taken so far to mitigate the pandemic’s economic
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Court ruling on pension backpay creates dilemma for PM
PoliticsGreek Politicsmore than the latest round of support measures announced by the PM for the flagging Greek economy... carefully on the backpay matter to avoid disappointing voters even though his focus so far has... is considering the possibility of splitting the Economy and Investment Ministry into two. He has
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Athens waits for EU recovery fund outcome as new Mati fire claims emerge
PoliticsGreek Politicsto the economy from 59 different interventions so far has reached 24 billion euros. Cash reserves stand... are seen vital to boosting the Greek economy over the coming years, especially given the government has
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Economyof the Greek economy, despite the short-term impact suffered by the pandemic. The stable outlook reflects..., with the economy contracting by 9 pct, however the agency anticipates a strong recovery in 2021 and even..., while the outlook has remained stable. At the same time, the year is far from the way
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Opposition parties attack government narrative on pandemic handling
PoliticsGreek Politicswith the public health emergency. Kyriakos Velopoulos, leader of the far-right Greek Solution party, challenged... of Sweden and Slovakia. Velopoulos accused Mitsotakis of damaging the economy and using the media to silence... of the pandemic in Greece, as pressure on the healthcare system is expected to intensify. With the economy
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EU Council boosts recovery fund hopes, falls short on Turkey
PoliticsGreek Politics. Domestically, SYRIZA and KINAL had been pushing for sanctions and went as far as suggesting that Prime... economy is set to contract by more than 10 pct this year, these funds are vital to the government’s..., which would represent a significant boost for the economy and the government’s fortunes. Opinion poll
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PM hopes for return to normality by summer, but vaccine progress remains slow
PoliticsGreek Politicsrequired to hit the target. With the Greek economy strongly dependent on tourism, the seemingly... as the cost of supporting closed businesses is beginning to leave a visible imprint on the economy. “We... B.1.1.7 have so far been identified among 235 samples. The fact that not all cases relate to new
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Govt unveils new Covid support measures amid growing public anxiety
PoliticsGreek Politicson Skai TV on Wednesday, Finance Minister Christos Staikouras said the bill for supporting the economy... are praying for the economy to function safely as early as possible,” the minister said. The Finance... package, a recent survey seems to indicate that the measures so far are failing alleviate
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Newsletter 299 - 04/06/2021
to be lifted gradually as society and the economy return to normality. On the macro front, the Commission.... Some of the support measures will be gradually withdrawn as the economy moves back towards its... the aggregate balance for the year so far to an increase of 4.16 billion euros. The aggregate figure
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