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IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
EconomyProgrammeto collapse by 9.5 pct in 2020, marginally lower than the previous estimate of 10 pct. The rebound over... than the pre-Covid assumptions. The IMF notes that this broadly positive view on the ability
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EU Council sidesteps sanctions, puts focus on constructive Greek-Turkish talks
PoliticsGreek Politicsfor the reunification of Cyprus, rather than looking to punish Turkey through sanctions. Although the leaders’ statement... was perhaps more conciliatory towards Turkey than Athens would have liked. “The EU has a strategic
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Microsoft deal welcomed as Greece vies for more foreign investments
EconomyFeaturesinvestment destination has improved in the last year, although lower than the previous survey (47... and communication technology (ICT) human capital. Greece’s ICT sector is less than half the EU
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomywill skyrocket by more than 30 pct, exports will also rise impressively by 22.2 pct and imports... by more than 5 pct, leading to a lower unemployment rate of 16.5 pct, while price rises will resume
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Approaching Golden Dawn verdict shines spotlight on Greek politics, justice
PoliticsGreek Politicspolitics, preferring to respect parliamentary protocol rather than overtly challenge the party’s... – rather than political – trial. Political appointment Golden Dawn’s adeptness at manipulating
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsthe conviction of Golden Dawn as a victory for ND, saying that his government “did nothing more than [its... that sentences are served in more cases than under the previous laws, while those convicted could also
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Newsletter 268 -09/10/2020
in more cases than under the previous laws, while those convicted could also lose the right to hold... than overtly challenge the party’s ideology and actions. Golden Dawn first entered Parliament
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Conclusion of Golden Dawn trial unlikely to usher in greater political unity
PoliticsGreek Politicsvoting tendencies were shown to be more in line with New Democracy than SYRIZA. According to research... than create greater unity in Greek politics, the conviction of far-right extremists will only fuel
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomy, to fall by more than 10 pct annually. Beyond that, Athens sees a moderate drop in the last quarter... even deeper than the second quarter drop. In the medium-term, the Fund expects Greece to return
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SYRIZA ups stakes over bankruptcy code as govt faces embarrassment over missing GD bigwig
PoliticsGreek Politicsand households when New Democracy owes “more than 300 million euros it has no intention of paying back... mountain of more than 200 billion euros and that the new process would allow overindebted borrowers
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