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Govt hints at more relief, as economy and inflation jostle with pandemic as top public concerns
PoliticsGreek PoliticsThe rising cost of living and the potential impact of new Covid rules on retail and catering are increasing the pressure on the government for more support measures, as the epidemiological picture takes on an increasingly urgent hue. The Energy and Fina...
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Govt hints at more relief measures as opposition lambasts electricity bill fixes
PoliticsGreek PoliticsThe latest budget performance figures offered a pleasant surprise for the government, which has immediately got to the task of balancing public expectations for more assistance with the need to reassure the markets of its commitment to fiscal discipline...
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PM adds minimum wage hike to pre-election promises, with hints of more to come
PoliticsGreek PoliticsThe turn of the year gave Prime Minister Kyriakos Mitsotakis an opportunity to reinforce the message that the government will continue to provide relief for hard-pressed households, as elections loom ever closer on the horizon. In what has become a patt...
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Opposition irate over watchdog briefing as govt hints at "rogue network" behind surveillance
PoliticsGreek PoliticsOpposition MPs stormed out of a meeting of the parliamentary committee handling the surveillance affair over what they claim is a concerted attempt by the government to cover up a politically motivated spying operation on domestic targets including jour...
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Kasselakis offers more hints of a positive narrative for SYRIZA's post-Tsipras era
PoliticsGreek PoliticsSeveral months after his surprise election to the leadership of SYRIZA, Stefanos Kasselakis has started sketching out the first lines that will distinguish his era from that of party founder Alexis Tsipras. Buoyed by encouraging signs from recent polls ...
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Mitsotakis hints at post-election policy tweaks to address economic concerns
PoliticsGreek PoliticsWith the cost of living and the economy dominating much of the public debate in the run-up to next week’s EP elections, Prime Minister Kyriakos Mitsotakis has started to sketch out several specific interventions that the government is mulling for after ...
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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyLast week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administ...
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Greek banks' equity raising could keep official support to a minimum
EconomyFollowing the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week to cover the emerging capital needs. The capital shortfall resulted from a comprehensive assessment
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IMF urges substantial debt relief for Greece
EconomyProgrammeunsustainable. The IMF stresses that the closure of Greek banks and the imposition of capital controls... banks could mean further capital injections in the future. The IMF concludes that the sharp... (bilateral and EFSF loans) also including the new financial aid, according to the Fund. The basic
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