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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politicsin their first six months in power. The first bill is due on Wednesday and has to do... of incompetence against the previous government. Mitsotakis has made it clear that he attaches great... that the emergency services are better prepared for such disasters in the future. The government has already
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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeThe Greek government has set its sights on the last Eurogroup of the year, hoping... plan which is seen as crucial to relieving banks of their bad loan burden. The Greek side has... on November 20. Little controversy surrounds this, as it has already passed scrutiny by the European
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingin the scheme has temporarily halted after a strong launch. On the same day that Greece’s first coronavirus... when Greece’s lockdown will end. The latest report by the Moody’s Investor Service has warned... the decline in NPLs has been significant across the last few quarters, this trend would freeze going
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Roadmap leading out of lockdown pondered by ND as SYRIZA takes aim at media
PoliticsGreek Politicson movement are set to expire, its plans for starting to lift the lockdown that has been in place since... the lowest in the EU. Also, the National Centralised Procurement Agency (EKAPY) has set up a digital... of the media, across all forms, has a pro-government stance, which is likely to solidify as a result
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As plan to ease lockdown progresses, politics turns to non-coronavirus issues
PoliticsGreek Politicssupport and security. This is one of the areas that SYRIZA, which has already accused Mitsotakis of not being bold enough in the emergency economic support measures he has announced, is likely to try... Kyriakos Mitsotakis admitted in his interview with Kathimerini last weekend that Covid-19 has prompted him
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
Economythat has to be implemented to cushion the pandemic and the reduction of economic activity cascading... year-on-year, to 18 million in the first quarter. Although the NPE ratio has dropped below 40 for the first time in years, easing to 37.4 pct, the situation has significantly changed after the pandemic
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Unemployment edges upward to 15.5 pct in April
EconomyMacroeconomythe peak of 1.35 million unemployed in September 2013, unemployment has declined by 47 percent... percent. A rise of 0.9 pps was seen in those aged 15-24 years. This age group also has the highest overall... dependency on the tourism industry which has been badly disrupted by the coronavirus pandemic
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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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