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New Democracy leadership headed for showdown with right wing over migrant labour bill
PoliticsGreek Politicsthe amendment was introduced rather than its content. The direction of travel suggests that rather than... that rather than abandoning the policy, the PM’s office has been quietly working behind the scenes to sow
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Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
EconomyMacroeconomy. The overall balance is better than the target by 1.97 billion euros. It should be noted that the targets... million euros. VAT revenues amounted to 21.66 billion, 131 million higher than the target. Excise tax... higher than the target. Tax refunds came to nearly 6.27 billion euros, above the new target by 133
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Primary surplus lands at 3.92 bln in 2023 thanks to significant underspend and RRF funds
EconomyMacroeconomyis better than the target by 4.58 billion euros. It should be noted that the targets have been revised... revenues amounted to 23.39 billion, 154 million higher than the target. Excise tax revenues were 7.02... below the target. Income tax revenues came to 20.88 billion Euros, 151 million higher than
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Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
EconomyMacroeconomyof more than 50 points. S&P notes that the rate of growth in January was the fastest since April 2022... sharpest in two years, slower than only that seen in July 2023. Manufacturers noted that the rise was due..., as output prices rose at a solid pace, sharper than the series trend, despite the softening rate
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Mitsotakis makes bid to dissuade farmers from continuing their protests
PoliticsGreek Politicsto play with. The PM and his ministers have repeatedly stated that there is not much more than... party by suggesting that, as a former prime minister, Samaras has greater latitude than other... model” regarding universities, rather than the system used in Cyprus. He argued
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Newsletter 413 - 23/02/2024
that the rule of law in the country was in a stronger position than ever and that the only arbiter of its... for New Democracy. More than seven in ten say the government is doing a bad job on the cost of living... the most vulnerable in society. The data shows that the poorest households spend more than a quarter
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Budget starts new year on track, timing factors lead to 1.16 bln outperformance
EconomyMacroeconomy. The overall balance is better than the target by 1.18 billion euros. Revenues Net revenues in January stood... to 2.42 billion, 29 million higher than the target. Excise tax revenues were 528 million, 33.... Income tax revenues came to 1.9 billion Euros, 256 million higher than the target, mostly thanks
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University bill meets with strong opposition as MPs begin debating reform
PoliticsGreek Politicsand profit seeking rather than the interests of improving the quality of education in the country... language programmes and research hubs, rather than go through with the changes proposed... more in terms of support than PASOK. Since Kasselakis took over as SYRIZA leader last September
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Slower growth nixes handout plans, fires criticism of ND's economic policies
PoliticsGreek Politicsto be less fiscal space than previously expected. It was no surprise, therefore, that Finance Minister... argued that New Democracy has opted for short-term gains rather than putting Greece on a sound... create the impression of a more fragmented political scene and a less dominant ruling party than
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Newsletter 415 - 08/03/2024
between 2 and no more than 2.5 pct. Once again, fixed capital formation is expected to grow by more than... primary surplus of more than 2 pct of GDP, but also due to the return of the fiscal rules without
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