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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyto support the tourism industry, which is a key pillar of the Greek economy. The collapse of economic output, combined with increased spending to support the economy will tend to push Greece’s debt to levels... on loans from the European Stability Mechanism to support health spending or issue its own debt
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Turkey continues Aegean jostling as Athens sends envoy to Syria, renews backing for Western Balkans
PoliticsForeign Policyas Athens looks to renew its presence in the Eastern Mediterranean and support for the Western Balkans... their “unequivocal support for the European perspective” of their Western Balkans counterparts... of Greek initiatives to support even symbolically the Balkan region during the Covid-19 pandemic
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Greece gears up to secure slice of smaller tourism pie this summer
PoliticsGreek Politicsindicated that it will need further state support in the coming months despite claiming coronavirus-related subsidies for 70 pct of its staff over the last few months. Support measures The government is also lining up a range of other support measures for businesses, including those in the food
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PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
EconomyMacroeconomythe combination of lower revenues due to the April lockdown and higher support expenditure for businesses... output capacity. The PBO notes that the first round of interventions to support loss of business... “the intensity and duration of the recession.” Specifically, any new measures to support
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicsthis latest step and government pledges to support hoteliers and other businesses affected by lower... about vague health protocols and unanswered questions about support for businesses. Recovery fund Based..., which have not yet been transferred from the state, as part of the first wave of support measures
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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politicsto adopt to support local businesses and individuals affected by the economic downturn caused... permit. Support measures In Parliament on Friday, Mitsotakis set out the details of what he claims... that the total cost of all the support measures will now reach 17 billion euros. This will hit the primary
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Newsletter 258 -07/17/2020
with a substantial support package for the tourism sector later this year. In the meantime, the arrivals... is slightly more than the latest round of support measures announced by the PM for the flagging Greek economy... two years for them to return to pre-pandemic levels and that they expect more support from
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Women in Greece losing out on careers, education due to care burden, OECD finds
Societyto support families’ incomes and encourage fertility are those that help caregivers combine family..., and the country needs to work towards better support for in-home care which would in turn allow... that entering the workforce would not disqualify the caregiver from receiving government support
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Newsletter 261 -07/08/2020
commanding lead in the opinion polls, rather than suffer an erosion of support as the economic... compared to May and came to 12.19 billion in June. Bank support was unchanged month-on-month at 320... million. With bank support guarantees at 320 million as mentioned, the remaining total was split between
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Athens hoping EU diplomatic drive will defuse latest Aegean crisis
PoliticsForeign Policyfor discussion, and certainly is not willing to enter any dialogue under threat from Turkey. Support sought... also offered a statement of support for Greece. “Israel expresses its full support and solidarity
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