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Newsletter 244 -20/03/2020
for a one-off, emergency scheme rather than a regular ECB QE programme. Also, the fact that New Democracy has a cash buffer of more than 30 billion euros at its disposal, which it inherited from... measures were taken earlier in Greece than in some other countries and that the number of cases
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politics, with more than 115,000 layoffs recorded in the first three weeks of March, whereas 250,000 companies have... than 30 billion euros, although that remains the mots straightforward option in the short-term... to developments rather than putting together a major package that would protect jobs and ease economic
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsthe number of deaths reached 73, which translates into 7 per million. The death rate is higher than some countries in the Balkans, but lower than most in Western Europe. The death rate remaining... percent. This has translated into support for New Democracy reaching more than 40 percent in the opinion
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Unemployment at 16.4 pct in January
EconomyMacroeconomythe Labour Ministry’s Ergani database for February showed that there were 24,867 more hirings than firings. Compared to the same month last year, there were 2,973 fewer people hired than fired. Total... showed 7,549 more hirings than departures. Ergani noted that this represented the second highest
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ND focussed on keeping coronavirus numbers down in build-up to Greek Easter
PoliticsGreek Politicsare in critical condition. These numbers, which are better than those for most western European countries..., this is likely to lead to authorities allowing people to leave their homes for a wider range of reasons than... focussing on the economic consequences of the Covid-19 crisis, rather than on public health matters
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Snap election scenarios circulate as ND's pandemic response fuels surge in polls
PoliticsGreek Politicsof respondents supporting the governing party compared to 20.3 for the main opposition. More than 63 percent... of events a scenario for snap elections, less than one year into ND’s term in government. Such a scenario... also be a useful way to keep his party focussed on unity rather than questioning SYRIZA’s strategy
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Digital investments could provide long-term GDP boost, study finds
EconomyFeaturesof information and communication technology (ICT) human capital. Greece’s ICT sector is less than half... firms report having increased the number of employees in the last three years, compared to less than... obstacle significantly affecting digital firms more than non-digital ones.
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Unemployment continued downward course in Feb, falling to 16.1 pct
EconomyMacroeconomyto coronavirus measures, showed that there were 41,903 more firings than hirings, Compared to the same month last year, there were 85,276 more people fired than hired. Ergani noted that the balance for March 2020... than hirings.The respective balance for the same period last year was positive by 48,880 meaning
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April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
EconomyMacroeconomyOn a monthly basis, net revenues came to 3 billion euros, 1.19 billion euros lower than the monthly... lower than the monthly target. Broken down by category, the mpst significnant underperformance... the coronavirus pandemic. State budget total revenues stood at 15.43 billion euros, lower than the target
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Covid-19 lockdown, slump suppress electricity demand and edge out lignite
EconomyFeaturesbelow the March average and less than half the average price of April 2019 which came in at 62.4... and onshore wind already provide electricity at lower costs than the cheapest new fossil fuel-fired... emissions, a reduction six time larger than what followed the 2008 financial crisis. There is not only
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