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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has applauded the compromise reached in Brussels over... euros, of which Greece could receive more than 70 billion. “Europe has risen to the occasion, and we... that will outline their reform and investment policies for the 2021-23 period. The government has
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek PoliticsThe controversial removal of refugees from temporary accommodation has caused tensions... and the governing New Democracy party has led to renewed criticism of the government’s treatment of refugees..., which has historically served as a meeting point for recent arrivals in the country. Earlier in July
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School re-opening decisions postponed amid opposition criticism
PoliticsGreek Politicshas become the latest challenge for the government in Athens. On Monday, Education Minister Niki...” if the circumstances are not right. The final decision on the date has been postponed to September 1. Kerameus appealed.... The decision to reopen schools and under what conditions has attracted a great deal of debate
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingretaining five percent itself. The bank has applied for the inclusion of the senior notes from Project... banking system. Since the end of 2018, NPE stock has fallen by 10.5 billion euros to stand at 6.2... securitisation has around 43,000 real estate properties underlying collateral. The portfolio
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesthe trend. The Covid-19 pandemic has had a chilling effect on the sector, as it has on most areas... fell by 74 pct between 2007 and 2014. Starting in 2017, there has been a slow recovery, led by Athens...-term trends, the increase in construction permits has been credited to a freeze on VAT brought
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Heading for talks with Turkey, Athens sets expectations low
PoliticsGreek PoliticsAfter several weeks of high tension in the Aegean and Eastern Mediterranean, Greece has confirmed... for a breakthrough are low. “The resumption of exploratory contacts between Greece and Turkey has to do... government has long been highly sceptical about whether Turkish President Recep Tayyip Erdogan has
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EastMed, defence and energy dominate Pompeo's visit, leaving Athens satisfied
PoliticsForeign Policy. The US has had an interest for some time in upgrading its naval presence in Crete’s Souda Bay. Pompeo’s... expeditionary sea base, the USS Hershel “Woody” Williams. The ship has a capacity for four helicopters on its...-to-military relationship has been enhanced significantly.” He described Greece as a “true pillar
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Newsletter 269 -16/10/2020
on Turkey by crossing what Ankara has described as a “red line”. The government was quick to rebuff... at a time of its choosing. The response underlines the position that the government has carved out.... On the domestic scene, Mitsotakis’s failure to persuade the EU to announce sanctions at the previous summit has
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Newsletter 270 -23/10/2020
Greeks will now agree that justice has been served with the most senior figures of the party behind... leader said that public health is now the number one priority. Since the summer, SYRIZA has argued that ND’s approach to Covid-19 has been too lax and muddled, especially in terms of the re-opening
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Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
EconomyMacroeconomyyear, the EEI has edged down by 0.4 points. Meanwhile, compared to October 2019, the ESI has..., consumer confidence has dropped by 37.1 points. Consumer confidence has declined for four consecutive... points. Year-on-year, industry confidence has fallen by 10.4 points. The services index improved
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