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Unemployment rate jumps to 17 pct in May
EconomyMacroeconomythe peak of 1.35 million unemployed in September 2013, unemployment has declined by 43.3 percent.... A rise of 5.3 pps was seen in those aged 15-24 years. This age group also has the highest overall... on the tourism industry which has been badly disrupted by the coronavirus pandemic. ELSTAT noted
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PM unveils 50 more ICU beds as Covid-19 death toll passes 500
PoliticsGreek Politicspoint out that although the pandemic has been spreading since August and the number of people... withstand the pressure from Covid-19, which has been the issue uppermost on the Greek government’s... is aware that the handling of the Covid-19 threat is one of the few areas were public opinion has shifted
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingare expected to remain frozen until 2021 due to the heavy impact the pandemic has had on this sector... has been the last of Greece’s systemic banks to make use of the mechanism. Eurobank was the first..., which as mentioned is already active and has been taken up by all four systemic banks.
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Minister stresses limits on hospital resources as Covid rates continue to rise
PoliticsGreek Politicsa slightly different tack to that taken to vaccination so far which has tended to emphasise personal... of the population has been vaccinated, and these largely correspond to the areas currently experiencing pressure... continues to rule out a return to strict lockdowns, however in recent days there has been speculation
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Greece aiming to complete post-bailout monitoring this summer
PoliticsGreek Politicselectricity lines below ground has begun, although work still remains to be done before... as part of its latest post-programme review and has its sights set on completing the monitoring.... On the fiscal front, Greece has to reduce its primary deficit from 7 pct to 1 pct of GDP. If it manages
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Mitsotakis sweeps aside election talk as ND continues to suffer in polls
PoliticsGreek Politicsdefended the “targeted measures” that the government has taken so far but did not rule out further...For the second time in a week, Prime Minister Kyriakos Mitsotakis has flatly denied any plans... party on April 5. Bogdanos has already called for cooperation with another right-wing grouping called
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Universities bill expected to pass despite many critics and united opposition
PoliticsGreek Politicsof the political criticism has been focussed on what is seen as the ushering in of private sector... has an outstanding conviction in his home country for setting up an illegal gambling operation. A report by investigative journalism site Inside Story revealed that Yasam Ayavefe, who has extensive
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Tsipras braces for SYRIZA congress, weighs up reshuffle options
PoliticsGreek Politicsride it out and emerge stronger by the end of the gathering. With his party trailing in the opinion... to the pledge on debt relief. Athens is expecting the short-term measures being worked.... It also hopes that medium-term measures will be discussed and agreed between the eurozone
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Newsletter 27 - 22/05/2015
proposal to its original The current unease within SYRIZA has not yet spilled over into a full-blown... to a deal has heightened speculation that the institutions will soon present Tsipras with a take-it-or-leave-it offer. The government has suggested that if there is such a proposal, it would have to be put
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Brexit and Grexit – Britain’s referendum and Greece
Agorain the EU. It will mean he has to resign at once. The referendum he called is now a national vote... leader has urged the British to vote Yes to Europe. Greece comes into play for three reasons. First... that has sought to destroy Greece in order to show Germany is the new master of Europe
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