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Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
EconomyProgrammeThe Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government... in what will be one of the largest investments in Greece. What remains is for the casino license
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Over one in five Greeks struggled to make ends meet in 2017
SocietyNew data from Eurostat has revealed that over one in five Greeks is classed as severely materially deprived and were unable to make ends meet in 2017. Severe material deprivation is defined as being... equivalent) regularly, taking a one week holiday away from home and owning a TV, washing machine, car
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Despite recent improvement, more than half of Greeks unable to afford one-week holiday
Societyresidents of all ages who made at least one trip came to 4.8 million and the number of trips to 7.9... at least one trip for personal purposes was seen in those aged 45-64 where an increase of 5.7 percent
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DBRS ups Greece's rating one notch further into investment grade
EconomyOn Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive. After Scope Ratings in December, DBRS is the latest agency to take Greece further into investment grade, with Moody’s remaining the only one yet
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeaturesdollars for a one-person household in 2016. According to the OECD, around 57 percent of Greeks... annually in the case of a one-person household, and between 10,746 and 22,400 for a couple with two... a very low base), but benefited from a subsequent decrease post-2014 under the SYRIZA-led coalition
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PASOK candidates set out their stalls as SYRIZA sinks further into mire
PoliticsGreek Politics-off ballot a week later. One of the first items on the agenda for whoever emerges victorious..., which pollsters are very guarded about because of the limited sample size and uncertainty about who... is one of the favourites to come out on top. His key rivals appear to be Athens Mayor Haris Doukas
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The IMF and Greece's bitter pill
Agorato very high surpluses is simply not credible.” What you have just read could very well have been... and Obstfeld looks very much like an attempt to distance the Fund from any mess that might ensue..., the authors appear to have few reservations to sign off on those unrealistic targets even if this means
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Survey highlights strain on mental health in Greece amid financial pressure
SocietyJust over a third of the Greek population spends about three-quarters of their income on paying off... on 2,005 adults nationwide, also found that a third of respondents (33.13 percent) have serious or very... its last survey. One in five respondents said that last year they were unable to feed themselves
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Greek stocks rebound for second straight week and edge up 2.5 pct
Economy. During his one-day visit to Athens on Monday, the European Commissioner of Economic and Financial... Finance Minister Euclid Tsakalotos that a lower fiscal target could be one of the methods used for debt... kicks off the second quarter (Q2) reporting season of Greek listed companies releasing its Q2 results
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Recent steady rise in refugee arrivals pose extra challenge for Greece
PoliticsForeign Policyof direct resettlement, which in theory sees one Syrian refugee taken from Turkey for every one... cut off from assistance and the relocation process. Conditions at these camps, many of which... in a single day. However, given the extremely slow pace of relocations of refugees from Greece
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