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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammeThe Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year. The issue was not on the official agenda of Mon...
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Hirings balance negative by 33,249 in November as seasonality impact begins to tail off
EconomyMacroeconomyThe employment balance remained negative in November for a second consecutive month with 33,249 more departures than hirings, according to data form the Labour Ministry’s Ergani information system. However, compared to November 2017, there were an addit...
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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
EconomyThe government is lining up more fiscal measures to prop up the economy as forecasters becoming increasingly gloomy about the impact of the coronavirus. The legislative act for the first set of measures to support businesses affected by the virus was du...
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Athens treads fine line as talks with Ankara beckon following Aegean stand-off
PoliticsForeign PolicyJust a few days following Turkey’s decision to abstain from seismic research in disputed areas in the Aegean as a gesture of goodwill that could facilitate the beginning of discussions between Athens and Ankara, the situation does not look straightforwa...
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Govt holds off on new Covid-19 measures as public reacts to GD ruling
PoliticsGreek PoliticsAs Greece keenly waits for the sentencing process in the Golden Dawn trial to be completed, attention switched back to the coronavirus on Friday. Speaking on Skai TV, government spokesman Stelios Petsas denied that the authorities were considering the a...
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Govt tries to fend off claims of disarray in Covid-19 reporting, coordination
PoliticsGreek PoliticsThe government is under intense pressure over its handling of the Covid-19 crisis after media reports over the weekend suggested that there had been serious faults in the way the National Health Organisation (EODY) handled data, based on which experts w...
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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingEurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average. The full-year loss for 2020 came to 1.21 billion euros, compared with a profit of...
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Podcast - Greece's year of trying to shake off Covid-19
AgoraGreece has been grappling with the coronavirus for just over a year, sometimes with success but other times less convincingly. As Greece went past 10,000 Covid-related deaths and prepares to reach 3 million vaccinations this week, The Agora looks back a...
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed...
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New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek PoliticsThe first opinion poll to be published since the recent cabinet reshuffle provides the first indication that Prime Minister Kyriakos Mitsotakis’s personal popularity has taken a direct hit for government decisions. For the first time since April 2020, t...
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