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Newsletter 392 - 08/09/2023
of ELSAT each month, rising in Q2 by only 0.1 pct YoY, while import growth also saw a modest rise
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Our cruel summer
Agorain this summer’s devastating wildfires. Once more, the fragility of our existence was revealed to us. We saw how
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Parties ponder next steps as dust settles following local elections
PoliticsGreek Politicsnot significantly alter the balance of power nationally. For social democrats PASOK, the results which saw
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PM urges ministers to heed local vote warnings as opposition looks ahead
PoliticsGreek PoliticsKyriakos Mitsotakis called on his ministers to heed the warnings of the second round of the local elections, which saw New Democracy lose in five of the six remaining regional authority contests while also seeing the candidates the conservatives were supporting lose control of the country’s two
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PM makes delayed Israel visit to offer support, express concerns about humanitarian impact
PoliticsForeign Policycitizens against horrific violence, which saw 1,400 killed, while also agreeing that provisions
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Expulsions hasten SYRIZA split as ND ploughs ahead in pursuit of political dominance
PoliticsGreek Politicsdivisions within SYRIZA appear to be coming to a head after a night which saw leader Stefanos Kasselakis
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Hiring balance up to August improves by 43,573 jobs YoY
EconomyMacroeconomyGreece’s employment balance stayed negative in August, with 15,826 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in August last year saw -32,966 more departures, suggesting a year-on-year improvement of 17,140 jobs. Total
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SYRIZA loses Umbrella during stormy weekend
PoliticsGreek Politicsthe party saw this is a crude power play by Kasselakis and his speech to committee members
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PM brushes aside political cost of self-employed tax bill as main opposition unravels
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis appears determined to pass a controversial tax reform in the teeth of opposition from unions and his own party’s lawmakers. The response from main opposition SYRIZA has been muted, as the leftist party continues to be consumed by internal wrangles which saw
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Greece - Some structural macroeconomic arithmetic
Agora, as we saw above. With 2 percent inflation, that makes for 2¾ percent nominal growth. If the 60 percent
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