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SYRIZA targets middle class with own plan for post-pandemic economic rebound
PoliticsGreek PoliticsIn an apparent bid to win over Greece’s middle class, which was still reeling from the last economic crisis when the pandemic hit, SYRIZA has presented a range of relief proposals, including debt writedowns. The suggestions were immediately dismissed by...
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Mitsotakis attempts to clarify plans for post-Easter reopening
PoliticsGreek PoliticsAfter several weeks of speculation, the Greek government has given more clarity on its plans for reopening the economy and travel, with the aim of what the prime minister described as “a summer of greater freedom and prosperity”. In a televised message ...
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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
EconomyIn an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from ‘BB-‘, while also revising upward its outlook from stable to positive. The ratings agency had not taken any significant action on Greece since October 201...
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesAt the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed a...
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Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
EconomyMacroeconomyThe number of building permits issued in Greece decelerated to an increase of 17.6 percent year-on-year (YOY) growth in June, from 62.9 percent in May, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The total number of permits...
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Mitsotakis confronted by show of strength from church, turns attention to post-wildfire reconstruction
PoliticsGreek PoliticsLong-running tensions between the government and the Church of Greece threatened to derail Prime Minister Kyriakos Mitsotakis’s charm offensive on vaccination. The premier, meanwhile, is trying to present a more optimistic vision when he and senior mini...
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ND poll losses reignite discussions of post-election coalition
PoliticsGreek PoliticsPersistently negative poll figures in the aftermath of the deadly Tempe rail accident are forcing New Democracy officials to acknowledge the prospect of a coalition with one of the opposition parties after the upcoming elections. Heated exchanges took p...
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Podcast - A post-mortem and a look ahead
AgoraThe national elections held on May 21 in Greece produced a landslide victory for the ruling centre-right party, which posted a winning margin of more than 20 points over its main rival, left-wing SYRIZA. As the dust settles from this resounding victory ...
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Opposition parties jostle for position in post-election political landscape
PoliticsGreek PoliticsWith a New Democracy win all but assured in Sunday’s elections, the main forces of the opposition are staking out their positions with an eye on the day after on Greece’s political scene. Opinion polls point to a convincing win for Kyriakos Mitsotakis a...
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Mitsotakis sets out post-election agenda as discontent bubbles up in SYRIZA
PoliticsGreek PoliticsIn his first interview after the local elections, Prime Minister Kyriakos Mitsotakis said that despite the second-round upsets he is confident that his administration has the public’s backing for its promised reform programme. For opposition SYRIZA, the...
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