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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomyeuros in May from a small surplus of 43 million in April. In addition, the 5-month state budget deficit... by 15.9 percent in May after falling in the two previous months. In absolute terms, revenues stood at 3.38 billion euros in May, beating the target by 514 million, which represents the highest monthly
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The conundrum of Greek olive oil exports
EconomyFeaturescurrently leads the way in global olive oil exports, followed by Italy and finally Greece. A May 2017... in Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyCompetitiveness Ranking index as of May 2018 Greece stood at number 57 out of 63 countries, while... against an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic
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Aegean tension presents Tsipras with urgent domestic, foreign policy challenges
PoliticsGreek Politicsin the tension between Athens and Ankara was the Turkish Foreign Ministry’s response to the European Commission’s latest report on Turkey’s EU membership prospects. The Commission paper had noted Ankara’s..., with the Foreign Ministry accusing Ankara of adopting a “flagrantly illegal stance, ignoring the fact
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policyfrom Ankara’s side, especially following the signing of two memoranda with Libya. In this context... of how crucial Athens feels the situation with Turkey is. It may also be a sign that the Greek... claim that this major energy project will certainly make it more difficult for Ankara to create a fait
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Greece faces dilemma over how to address relations with Turkey
PoliticsForeign Policylast May at the United Nations and this has not stopped Ankara from sending floating drills... about how to best respond to the revisionist policy Ankara insists on adopting. There are two main... and moderate steps aiming to reply to Ankara's actions and to de-escalate the current tensions
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek Politicsof tension with Ankara. The roll call vote on the agreement with Egypt, as well as an earlier, similar... as Ankara has deemed any extension there by Athens a cause for war (casus belli). Tension build Turkish... the government is handling the flare-up well and, more broadly, whether the Greek position may also
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Baerbock visit leaves Athens hopeful of shift in Germany's stance on Greek-Turkish disputes
PoliticsForeign Policynext week and there is a feeling among Greek officials that it may have marked a shift in the way Berlin views the enduring disputes between Athens and Ankara. Athens has frequently complained about... be denounced by its EU partners. The way Ankara also put pressure on NATO by blocking its
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Athens harbours big hopes for Egypt energy deal, keeps eye on Turkey's role
PoliticsForeign Policyis watching with interest the recent Cairo-Ankara rapprochement. The Greek government was pleased to see that Soukry’s visit to Ankara was preceded by his visit to Athens and Nicosia which, according... with the Republic of Cyprus, while Ankara signed a similar agreement with the self-declared Turkish Republic
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Mitsotakis prepares to meet Erdogan, hoping to build on recent momentum
PoliticsForeign Policyof the NATO Summit in June. Their latest talks take place just a few weeks following the meeting in Ankara... negotiations with Ankara. Asked on Sunday whether there is indeed a prospect of concessions “for the sake... closer to the West, to the EU and to be a more cooperative partner in NATO” and added that Ankara
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