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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsthe effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks... finances. Subsidies on energy bills are set to continue in March at the same levels as February, which.... At the same time, following the new guidance from the EU, support for industry is also set to rise in April
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Newsletter 350 - 09/09/2022
products and energy bills, but the fiscal space is limited and this is set to be reflected in the scope... Androulakis. Energy is set to absorb the lion’s share of spending. Finance Minister Christos Staïkouras... for households and businesses this autumn. Meanwhile, government sources say the PM intends to set the tone
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Government presents rail safety improvements as ex-ministers face possible Tempe inquiry
PoliticsGreek Politicsconference, where Alternate Transport Minister Konstantinos Kyranakis set out a range... identified the improvement of rail safety as an urgent matter for his government. Mitsotakis set 2027... procedure now is for Parliament to hold a vote on whether to set up a preliminary investigation, whose
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Release of refugees creates new difficulties for minister
PoliticsGreek Politicsstated that refugees housed in apartments and hotels would be given a grace period to transition... recognised refugees have received assistance through the programme, with 757 apartments being used to house... by Iraqis (22 percent). However, experts have pointed out that the provision of apartments is not enough
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Coalition unwound
Agoraand Fotis Kouvelis of Democratic Left (DIMAR), tested the government’s tolerances to breaking point. Given... attempt to please all sides. There was always going to be a point where this political balancing act... breaking eggs, at some point you also have to serve an omelet. A glance at the make-up, history
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Stournaras in firing line for arguing Greeks can pay more taxes
PoliticsGreek Politicsto a eurozone average of 25.7 percent. In this respect, Stournaras has a point: Overall revenues... higher taxes. At this point it is worth underlining again that Stournaras is the only technocrat... times more than it did in 2009. One might also point to the fact that as a proportion of GDP, taxes
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economytroika sources point to a higher figure close to 14 billion. The BoG and HFSF favour retaining... point out: - the haircut that would be applied to banks’ profitability estimates included... at the end of June - the definition of the Core Tier 1 threshold with a reduction by 1 percentage point
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Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012
EconomyMacroeconomypercentage point to 26.8 percent in December. The monthly change in January’s SA jobless rate mainly..., the aggregate figures point to a cumulative drop of 22.5 percent corresponding to 1,027,300 lower... by the European Commission in early February point to a decline of the unemployment rate from 26.6
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Greek coalition braces for internal debate over agreement with lenders
PoliticsGreek Politicswill point to the fact that the government has avoided scrapping the benefit for low-income pensioners (EKAS), as well as a 10 percentage point rise in VAT on electricity. Labour Minister Panos Skourletis also suggested that collective bargaining would return, which will be another useful selling point
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsof Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy with a lead of half a point. A Prorata poll for Efimerida ton Syntakton newspaper still shows SYRIZA ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows
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