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Medics highlight weaknesses in frontline care as parties debate emergency measures
PoliticsGreek Politicsyet to test Greece’s health service to the full. The relatively limited number of Covid-19 cases in Greece has not dampened the calls for an improvement in the country’s capability to deal with cases. Intensive care specialists have called on the government to double the health system’s permanent ICU
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesto estimate the impact of the coronavirus on the country’s vital tourism industry. The study examined the main markets from which the majority of Greece’s tourism revenue comes from to assess what impact... 45-55 billion.” Greece’s position is relatively strong given the handling of the outbreak so far
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingof Greece’s systemic banks reported profits and solid progress on NPL and NPE reduction. As the impact... back on its feet. As with an overall economic recovery, banks will play a crucial role in Greece’s... reports, Greece’s four systemic banks reported adequate liquidity cushions to face the epidemic
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Mitsotakis to set out lockdown relaxation plan as ND scales back economic support
PoliticsGreek Politicsas a victory for the government’s approach to tackling the virus. Internationally, he will want to show that Greece is reopening for business. The government is still hoping that this summer’s tourism season... and ease the pressure on New Democracy to extend economic support measures or even bail out the country’s
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ND passes major environmental bill against accusations of railroading
PoliticsGreek PoliticsNew Democracy’s environmental bill passed this week with all 158 votes from the governing majority... society groups. As well as marking a major departure in Greece’s environmental protection regime.... The Modernisation of Environmental Legislation bill was introduced as part of New Democracy’s “green new
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Border furor highlights brittleness of Greek-Turkish relations
PoliticsForeign Policywas exacerbated due to several misfortunate statements as a result of the usual tactic of Greece’s... repeatedly suggested there might be a re-run of such events, Greece’s actions could deemed justified. Turkey’s Foreign Minister Mevlut Cavusoglu predicted in an interview on Sunday yet another flow
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared... at the end of Q4 2019. This stemmed from the bank’s decision to take advantage of lower Eurosystem funding.... The bank’s domestic performing loan book increased by 400 million in Q1 on a like-for-like basis
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First challenges for tourism plan, as public relaxes approach to virus
PoliticsGreek Politicson Thursday, the government’s plan to attract visitors this summer is starting to come up against... questions in parliament about the plan to reopen Greece’s airports to foreign travellers. The minister...-risk by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek PoliticsThe latest macroeconomic data has highlighted the fiscal pressure that is mounting on Greece’s.... Meanwhile, a row continues to rage over New Democracy’s decision to share out 20 million euros among... in Naftemporiki on Monday highlighted the challenges that the country’s main pension fund, EFKA, is facing
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legalof €30 billion from an EU coronavirus recovery fund and €10 billion euros from the Commission’s budget... the Union’s 2030 target for climate set out in Article 2(11) of Regulation (EU) 2018/1999... to the Commission’s estimations, sectors with economic activities high in greenhouse gas emission intensity
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