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New Parliament sworn in as Mitsotakis picks top civil servants, maintains status quo with church
PoliticsGreek PoliticsThe new Greek Parliament was sworn in on Wednesday as the government prepares to undergo... parties (New Democracy, SYRIZA, Movement for Change (KINAL), Communist Party (KKE), Greek Solution... government’s attempts to change textbooks for religion classes, to move priests off the public
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Mitsotakis returns from Berlin with warm words but no encouragement on fiscal front
PoliticsGreek Politicsto countenance lower fiscal targets were meticulously damped down by the Greek side in the run-up... have read as closing a door on any future negotiation, and others as opening a window. The Greek... force in Greek politics. Tsipras seems to have won over key dissenters within the party in his bid
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Development bill adopted as ND targets investment and growth
PoliticsGreek Politicswas published ahead of the vote on the bill late on Thursday. The support from New Democracy and Greek... it easier for projects considered “strategic investments” to get off the ground. However, opposition... hopes that its growth-friendly measures will deliver a 2.8 percent increase in Greek GDP next year
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgramme, the profits made by the Eurosystem on Greek bonds bought on the secondary market will be returned to Athens... in the coming months for the European creditors to sign off on any “agreed investments.” One of the reasons... the recent decline in Greek bond yields. It sees Greek debt falling to 60 percent of GDP in 2055
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Banks gear up for 2020 stress tests as evaluation begins
EconomyBankingwas in the 2018 exercise. However, the timeline for Greek banks was different as it was brought forward after... potential capital needs well ahead of the programme end in August 2018. As such, the Greek exercise lasted... are essentially double the baseline assumptions, reaching 3.92 percent by 2022. Confidence Greek
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Newsletter 243 -13/03/2020
Steps taken to fight off coronavirus PM makes TV address on Covid-19 as govt focuses on health and fiscal measures The government stepped up its response to the coronavirus this week as Greek... as economists tried to assess the potential overall impact on the Greek economy from the negative effect
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ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Economyrequirements for securities issued by the Greek government will be granted for purchases under PEPP... of the national central banks, which in Greece’s case translates into roughly 12 billion euros of Greek government... pct ceiling during Wednesday’s trading as investors went into a complete risk-off mode following
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Mitsotakis urges EU to act after European Council stalemate
PoliticsGreek Politicsmeasures to support Europe’s struggling economies, leading to Greek Prime Minister Kyriakos Mitsotakis taking to social media to express his reaction. The Greek premier was one of nine eurozone leaders... the letter that the nine eurozone countries sent regarding a one-off Eurobond, arguing
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politicsthat the lockdown would likely be in place for Greek Orthodox Easter, which is on Sunday, April 19..., continues to rise, but at a pace that is considered manageable by Greek authorities. Officials reported 190... Office (GAO) estimates that around 15 billion euros will be lost from Greek GDP this year. This means
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Parties debate pandemic response as public approval deteriorates
PoliticsGreek PoliticsThe parliamentary season kicked off on Monday with a special session on the government’s response... of the markets’ confidence in the Greek economy. The prime minister also defended his government’s record...-right Greek Solution party Kyriakos Velopoulos adopted a sympathetic view of anti-mask demonstrators
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