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PM highlights latest stage of relief rollout as government seeks to improve mood
PoliticsGreek Politicsonly a fraction of cumulative food inflation, leaving retirees worse off in real terms, while... programme expected to benefit over five million citizens, including rent rebates for one million... as this year, there is also the prospect that once Eurostat signs off on the execution of the 2025 budget
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New Democracy and PASOK challenged by arrival of new parties
PoliticsGreek Politicsthat direct confrontation risks elevating his opponents. Instead, he is framing the choice as one between... be better off if they engage with Tsipras rather than view him as their rival. Athens Mayor Haris... of ELAS and Elpida has set off a chain reaction across the political spectrum. The government
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking) have been non-performing for more than one year. The breakdown displayed 81 percent of consumer, 75... expenses) by 8 percent per annum from mid-2016 until the end of 2019 and a cost of risk (provisions over
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May PMI still in expansion as firms report supply chain and cost issues
EconomyMacroeconomy, business confidence improved and goods producers took on additional staff at one the fastest rates..., but the pace of increase eased slightly on the month. Following decreasing prices in mid-2023, the rate
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Is VAT all you've got?
Agora. The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important... of attracting more customers. One imagines that an agreement earlier this year, which could have been... of an attempt to fob the government off rather than a genuine concession aimed at stimulating the economy
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Rising clinical depression hints at hidden side of Greek crisis
Society, while those experiencing difficulty paying off loans went up by 160.5 percent. One in three... in depression and Greece’s worsening economic conditions. EPIPSY found that one in two Greeks in a household... the dramatic extent to which the crisis has affected mental health in Greece and is a reminder of one
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It's not the distance; it's the load you carry
AgoraIt is natural to attempt to instill some hope when one addresses a nation that has been battered..., irrespective of any objections one might have about its size and how it was achieved. The table... us back to the uncomfortable discussion that no one wants to have about Greece's debt. The current
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‘We’re dying to pay our taxes’
Agoratax kills,” read one newspaper headline. For a friend in his mid-50s who has been desperately looking.... But being employed in Greece doesn’t necessarily mean you have an income. One in three workers is owed.... If others can get away with it, why can’t I, seems to be the view in many workplaces. One reporter says
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ILO highlights social impact of Greek crisis, proposes change in policy
Societyof unemployment benefits to self-employed, public works programme for long-term unemployed, one-off... in 2010-12. Nearly one-fifth of those public expenditure cuts was due to reductions in social protection..., representing one of the steepest increases in poverty among EU countries. Indicators in absolute terms
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Greek MPs pass 2015 budget but give few clues for presidential vote
PoliticsGreek PoliticsMPs voted in favour of the budget, 134 against and 1 voted present. One government MP (PASOK) was unable to vote, while one independent backed the budget. Katerina Markou an independent formerly... as relying on defamation and innuendo to prevent a president from being elected. One investigation
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