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PM set on sharing out more economic benefits in bid to recover support
PoliticsGreek PoliticsThe government’s efforts to turn the media and public’s attention away from the Tempe issue, which dominated the agenda during the first quarter of the year, continues with the promise of more voter-friendly measures to come. After announcing 1.1 billio...
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Clarity over fiscal space clears way for next set of relief measures
EconomyMacroeconomyGreece’s fiscal outlook has become clearer along with the ability of the Greek government to implement more voter-friendly policies as it attempts to restore its relations with the electorate. The European Commission last week activated the national esc...
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Housing costs, food prices set limits to impact of tax cuts
EconomyThe Greek government’s efforts to shift the narrative and change its political fortunes are crashing against the realities on the ground as reflected in the frequent data releases from Eurostat and ELSTAT. Months of communications build-up around the Th...
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OPEKEPE, Predator and Ankara tension set tone for post-Easter politics
PoliticsGreek PoliticsA compressed, post‑Easter political week opens in Athens with the government facing simultaneous pressure on two domestic fronts - the OPEKEPE case files and the revived surveillance affair - while also navigating a sharp rhetorical clash with Ankara an...
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Seabed surveys for GSI set to pose next test in Greek–Turkish relations
PoliticsForeign PolicyThe planned resumption of seabed surveys for the Great Sea Interconnector (GSI) is rapidly emerging as the next major test in Greek–Turkish relations, as Athens prepares to restart work on the electricity link between Greece and Cyprus while rejecting A...
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Economy holds steady in Q2 but autumn set to pose more and tougher tests
EconomyMacroeconomyThe macroeconomic releases — the latest Q2 GDP and national CPI data — were the main domestic economic events of last week, while developments outside Greece are fuelling concern about difficult months ahead for households. ELSTAT published the latest G...
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PASOK takes aim at ND with barrage of economic initiatives as PM focusses on party unity
PoliticsGreek Politicsthe party several minor victories in recent months. Leader Nikos Androulakis set the tone on January 2... insurers to set their own benchmark leading to spiralling costs for consumers. Commenting... to be buried in a state funeral on Thursday. Tsoukalas said the party was set to resume its pressure
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legal. The Temporary Framework has defined a minimum level at which guarantee premiums are set... by Member States of state aid relating to the COVID-19 outbreak. The Commission has also set out... low premiums. In order to benefit from the framework, the guarantee must not exceed 90% (where losses
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From soup kitchens to school meals, demand for welfare in Athens is surging
Society, including soup kitchens, and the findings of its report provide further cause for concern about the social... the soup kitchens have started doing so in the last six months. Furthermore, 76 percent of those... per month. Six in 10 of those who attend at least one of the two soup kitchens a day are aged
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesGreece has reported record flows of inward investment in 2021 and looks set to exceed the amount..., and set a new record since the Bank of Greece began publishing data in 2002. For the current year, the government has set the bar at 7-8 billion euros, with almost 5 billion already secured in H1, which
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