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Government focuses on safe evacuation as pressure from fires mounts
PoliticsGreek Politics. While Rhodes was the most prominent case over the weekend, there were more than 80 wildfires... occur if none of them gets more than 50 pct of the votes. Clearly, with around six weeks left before the leadership election, and with debates between the candidates to come, the balance could change
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SYRIZA and PASOK join forces to pressure govt as polls show gap between them narrowing
PoliticsGreek Politics. Both events have led to a shift in the balance of influence between the two parties. SYRIZA... less than 1 point behind them at 12.7 percent, up from 11.8 percent in September. Communist party... of living are not helping at all, and a further 33 percent say they have little effect. More than one
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SYRIZA rebels poised to launch new group after split
PoliticsGreek Politicscontinues to be dogged by the same-sex marriage issue, rather than become embroiled in a battle... will have just two MPs from the “Umbrella” faction, it was felt that a balance had to be struck... main opponent rather than their former party. This will be a tricky line to tread as their former
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BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomyrates being kept high for longer than initially thought. The ECB is not expected to consider lower.... Positive surprises for growth could come from a stronger-than-expected impact from securing... activity, although most of it is currently outside banks’ balance sheets. Additional challenges include
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomythan the previous estimate at 2.8 pct growth, from 5.6 pct. This is also significantly below... of years, it is seen growing to more than 15 pct of GDP by 2025. In 2024, total domestic demand is seen... fiscal commitments, with the primary balance at 1.8 pct this year, slightly below the government’s
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PASOK, SYRIZA leaders show little appetite for touted alliance of progresives
PoliticsGreek PoliticsDemocracy party is also trying to find its footing after being knocked off balance by an unexpectedly.... Given that the latter two gained higher shares of the vote than the two right-wing parties... in recent years, hurt New Democracy as much, if not more, than losing votes to the right.
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BoG sees sustained growth, argues challenges require wide-ranging policy interventions
EconomyMacroeconomyfor this year is slightly more conservative than the Finance Ministry’s 2.5 pct estimate submitted last month... the potential worsening of the crises in Ukraine and the Middle East, lower-than-expected absorption... participation; and the negative external balance, captured in the current account deficit
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Newsletter 433 - 20/09/2024
percentage points lower than its June performance. The only winner among the mainstream parties is PASOK... more than 4 pct support. The race has not captured much of the public’s imagination so far... has managed to shed most of the bad loans from its balance sheets. However, further upgrades
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Revision of GDP to have varied knock-on effect
EconomyMacroeconomythan 10 billion euros, hence making even more prominent the role of the RRF, with Greece having absorbed more than half of the 32 billion euros envelope, although concerns are raised that with time... at the denominator in debt and primary balance targets, were also underlined. The ministry argues
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Newsletter 446 - 10/01/2025
projects ND receiving a slightly larger share of the vote than other surveys conducted in December... than half of the debt goals for the year and then regular re-openings of existing issues that increase... peers.MacroeconomyCharts of the weekTrade balance Greece’s trade deficit rise accelerated in November
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