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What will it take to reverse the Greek 'brain drain'?
Societyeconomy, which serves as a clear disincentive for highly qualified graduates to remain in the country... are a perpetual pull, but Greeks working abroad are also looking for a turnaround in the economy overall... to “bring our children home”. However, a vibrant economy with good job prospects will attract
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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politicsprotection of primary residences in any advanced economy in the world, and that the protection of main homes is damaging for the economy. There was an immediate backlash from opposition parties... reputation on a “return to normality” and that draws high ratings for its handling of the economy
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PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomythat based on the available data for the first nine months of 2019, the economy grew by more than 2 percent... “particularly encouraging,” reflecting the fiscal robustness of the Greek economy with the budget hitting... of economy. The PBO notes that this should be taken into consideration as the next round of minimum wage
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Newsletter 243 -13/03/2020
and the impact on the economy already being felt. New Democracy shut down schools and universities... Democracy is also lining up more fiscal measures to prop up the economy as forecasters becoming... as economists tried to assess the potential overall impact on the Greek economy from the negative effect
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economysupport measures for the Greek economy, which will total roughly 2 billion euros. The measures... by the shuttering of some businesses and the drop in turnover in various sectors of the economy. Staikouras... too early to tell how big a hit the Greek economy, and subsequently the budget, will take from
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingpercent to the economy. Domestic demand would be key to this sector’s recovery. The bank noted that since... and the economy, as well as protecting its staff. “We remain confident that, as soon as these extraordinary events subside, the economy will revert to a healthy growth,” he said, adding that “Piraeus Bank
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Newsletter 247 -10/04/2020
, the impact of the coronavirus outbreak on the country's economy is becoming clearer. According... the wider impact in the domestic and global economy are shaping new conditions, with potentially... the economy. Speaking on Skai TV on Sunday, Finance Minister Christos Staikouras said that he believes
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PM set to unveil support package, as ND cements poll lead
PoliticsGreek Politicsaddress this afternoon detailing measures for employment and the economy into the autumn, as well... awaiting the government’s plan for restarting the economy and particularly the crucial tourism sector.... Government sources hope that the package will remove “a portion of uncertainty” from the economy through
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgrammethat the programme stakeholders accepted that the Greek economy would suffer, which is described... a “business-friendly economic environment and the Greek economy’s resilience to shocks.” The efforts... drain and the informal economy grew. That said, the evaluation notes that these outcomes would have
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Reshuffle back on the cards as PM unveils plans for Greek industry
PoliticsGreek Politicsafter July 1, once the economy has fully reopened after the lockdown and “at a time of the PM’s... referred to a political challenge first voiced in the 1920s to transform the Greek economy from... makes up 9.5 percent of the Greek economy, compared to EU average of 15 percent. Mitsotakis called
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