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OECD releases new outlook calling for sustained reforms post Covid-19
EconomyThe latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy.... In the three years before the latest crisis, Greece’s economy was on a steady path to recovery, marked... credibility was also restored by Greece’s return to the international sovereign markets. This growth
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Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
PoliticsGreek Politicsthe country’s public debt further. The growing macroeconomic damage inflicted by Covid-19 is putting pressure..., which has not benefited as much from the opening of Greece’s borders after the lockdown... cannot run away from the Greek authorities even though the eurozone’s fiscal limits have been lifted
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingGreece’s four systemic banks completed the second quarter of the year with relatively stable...’s various portfolios, management noted that a binding offer had been received for the sale... Phoenix in the Hellenic Asset Protection Scheme to the value of 1 billion euros. NBG’s domestic NPE
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Newsletter 263 -11/09/2020
) joined SYRIZA in condemning the government’s approach, decrying the "temporary The destruction... for the construction of closed facilities for refugees. This feeds into the government’s other challenge... of dissatisfaction as far as the government’s handling is concerned. ND is being criticised by right-wing
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EU Council sidesteps sanctions, puts focus on constructive Greek-Turkish talks
PoliticsGreek PoliticsAs the dust settles from last week’s European Council, the Greek government is assessing where... to negotiations with Turkey. It was clear from the outcome of the discussions in Brussels, and the summit’s conclusions, that although Greece managed to obtain some limited concessions, the EU’s focus
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Approaching Golden Dawn verdict shines spotlight on Greek politics, justice
PoliticsGreek Politics. The trial is heavy with significance both for Greece’s political system and for the justice system, both... defendants, including the party’s eighteen former members of Parliament. The case rests on proving..., on the grounds that it could not be established without doubt that Fyssas’s murder was directed from
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Budget passed as govt pins hopes on vaccine rollout to get economy on track
PoliticsGreek Politicswill be a catalyst for the economic recovery it expects next year. New Democracy’s economic plan was passed... argued that although the EU has not adopted sanctions against Ankara, pressure on Greece’s neighbour is increasing steadily. He also hailed the US’s decision this week to impose sanctions on Turkey
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Govt faces fresh pressure over Covid-19 decisions amid slow start to vaccination scheme
PoliticsGreek Politics’s troubles were triggered by Development Minister Adonis Georgiadis claiming in a televised... celebrations for Thessaloniki’s patron saint, Demetrios, at the end of October out of respect for the church... scientists. Mitsotakis response has until now been the government’s line of defence in the face
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Govt concerned by virus mutations, encouraged by increase in vaccination rate
PoliticsGreek PoliticsMinister Kyriakos Mitsotakis’s chief of staff Akis Skertsos took to social media to point out..., is behind what he painted as a success. It should be pointed out, though, that Greece’s overall... – 2.58 vs 2.74. Also, while understandable in communication terms, Skertsos’s decision to trumpet
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Overseas ballots in spotlight as govt accelerates voter enrolment campaign
PoliticsGreek Politicsreports linked the planned enrolment campaign to New Democracy’s political strategy for the next... in the next elections. According to the report, ND’s working assumption is that up to 800,000 Greeks abroad may be eligible to vote in Greek elections, while the government’s short-term target is to enrol
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