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Kasselakis takes up leadership challenge as SYRIZA struggles to retain credibility
PoliticsGreek PoliticsJust five months after electing a new leader, SYRIZA’s regression in the opinion polls has now been matched by intense infighting over the approach taken by Stefanos Kasselakis. The first day of SYRIZA’s party conference ended on Thursday with Kasselaki...
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Opposition takes aim at cost of living
PoliticsGreek PoliticsWith the cost of living continuing to be named by Greek voters as their top concern, the main opposition party SYRIZA has tabled draft legislation aimed at suppressing inflation and tackling profiteering. The bill, which was submitted to Parliament on M...
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyThe strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The...
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PASOK edges into second place as leadership contest takes shape
PoliticsGreek PoliticsAs PASOK celebrates its 50th anniversary, the second opinion published in a few days suggests that it has overtaken SYRIZA to become the main opposition to New Democracy, which has seen its support dwindle over the summer. Although the social democrats ...
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Fitch takes no rating action, leaves outlook stable
EconomyIn Greece’s latest rating review on Friday, Fitch took no action and left the country’s grade unchanged at ‘BBB-‘, with the outlook also remaining stable. This was the penultimate rating review of the year, with the cycle to be concluded by Scope Rating...
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Scope takes Greece a step further into investment grade territory with 'BBB' rating
EconomyMacroeconomyScope Ratings completed the annual cycle of rating reviews for Greece with a positive move as it granted the first upgrade of the year and is the only agency that has moved Greece’s rating one step further into the investment grade territory. Scope uppe...
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Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.94 billion euros in October, compared to 3.58 billion euros in September, according to data released by the Bank of Greece (BoG) on Tuesday. October balance was 18.6 percent higher than the 1.64 billion eu...
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PASOK takes aim at ND with barrage of economic initiatives as PM focusses on party unity
PoliticsGreek PoliticsPASOK leader Nikos Androulakis has started the year on the front foot with the first of a series of parliamentary initiatives which he hopes will corner the government on the subject of its handling of the economy. For PM Kyriakos Mitsotakis the biggest...
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Opposition takes aim at justice minister over offshore holdings amendment
PoliticsGreek PoliticsThe government is being accused of trying to water down the restrictions on the holdings of politicians after New Democracy inserted a last-minute amendment to legislation on judicial reform. The latest controversy comes as the government and opposition...
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Opposition takes aim at PM's inner circle over subsidy fraud as scandal halts ND rebound
PoliticsGreek PoliticsOpposition parties are clamouring for a preliminary inquiry into the farming subsidies scandal, confident that fresh evidence will be enough to implicate PM Kyriakos Mitsotakis. The scandal has grabbed the public’s attention, with polling suggesting tha...
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