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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsin place since last autumn may have fallen short of what was needed given the seriousness and length... in place for May and June. Mitsotakis also announced that consumers would also receive up to a maximum stipend of 600 euros to cover the increase in energy costs between December and May. This will be paid
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Overflights spat marks resumption of Greek-Turkish tension
PoliticsForeign Policyof Gokceada (Imvros) on 16 May 2022 and to the west of (the Eastern Thrace city of) Enez on 17 May 2022. The Turkish Air Force reacted to these provocative violations on 18 May 2022, based on reciprocity... Ministry of Foreign Affairs in its statement dated 20 May and we strongly condemn the Greek violations
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Athens braces for Erdogan bargaining at NATO summit
PoliticsForeign Policyis not blocking Finland and Sweden’s inclusion in NATO but it may raise its bilateral issues... any such a discussion, since this would only benefit Turkey’s cause. Erdogan may seek gains.... He may also raise the migrant issue as well as his claim that Greece supports terrorist
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CPI shoots up by 12.1 pct in Jun as electricity and natural gas stoke biggest rise since early 90s
EconomyMacroeconomypercent year-on-year (YoY), after increasing by 11.3 percent in May, according to the data released... period increased by 6.2 percent. Month-on-month, the CPI rose by 1.6 percent, after 0.7 pct in May. The prices index was in deflation for the 12 months prior to May 2021, when CPI posted a marginal
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Deposits rise to highest level since end-2011 as corporates grow by 10 pct in June
EconomyMacroeconomyeuros, from 1.31 billion euros in May, and 1.35 billion euros in April, based on Bank of Greece (BoG... growth in June was up by 6.9 percent, from 6.3 percent in May and 5.8 percent in April... in May, and 178.24 billion euros in April, reflecting corporate deposits of 45.77 billion euros
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Balance of payments shows shipping on course for bumper year, but economic benefits unclear
EconomyFeaturesShipping provided the one bright spot in Greece’s trade balance in May, with transportation... pct. In the five months between January and May, transportation receipts totalled 9.2 billion euros.... Addressing the Greek shipping community in May, Prime Minister Kyriakos Mitsotakis made clear
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand for the EU27 as well as the Euro Area as a whole. We may mention in particular three helpful and detailed... on Daniel Kahneman’s important book “Thinking, Fast, and Slow” to suggest that the EC may suffer... 2100 (see Table 1, below). We may also point out that the “high” growth scenario in the Book, compared
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Govt looks to contain political fallout from crash, prepares change to poll plans
PoliticsGreek Politicsgovernment has found itself in a tight spot, although the nature of this tragedy may end up... on Wednesday that the dates now under consideration are May 14 or May 21. The thinking... anger. If the elections are held on May 14 or 21 and a second vote is needed, this could be held
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Does the EU Commission suffer from optimism bias? (Part 2)
AgoraIn the previous blog we expressed concern that the European Commission may suffer from an optimism... rate itself may not come. Indeed, it is unlikely to come. This is the specter of a debt ratchet... it is not. Making optimistic scenarios is more common than you may think. One of the authors of these blogs
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ND quick out of blocks as election race gets underway officially
PoliticsGreek Politicsasked for Parliament to be dissolved ahead of the May 21 vote, and the ruling New Democracy party... of numbers that might allow them to form a viable coalition after the May 21 vote, while for ND... record positively, up from 32 in March – another sign that ND may be back in favour with some previously
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