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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomyThe International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...
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Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
SocietyThe latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...
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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomyThe credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...
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Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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Approach to protests, policing poses a new quandary for government
PoliticsGreek Politicsportfolio from the Interior Ministry to the Justice Ministry amid concerns that Panousis and Interior Minister Nikos Voutsis did not see eye to eye. It was notable that Justice Minister Nikos
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Will Tsipras move to centre stage to secure deal with lenders?
PoliticsGreek Politicswithin the government, even leading to thoughts of removing Panousis’s portfolio from the Interior.... Interior Minister Nikos Voutsis and Alternate Minister for European Affairs Nikos Hountis
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Launch of new movement highlights fragmentation of Greek centre-left
PoliticsGreek PoliticsFormer Interior Minister Yiannis Ragoussis is set to launch a new centre-left movement on Wednesday, highlighting the fragmentation in this part of the Greek political spectrum. With PASOK... to liberalise the taxi sector while he was interior, and then transport, minister between 2009 and 2011. He
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