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Unpopular tax bill set to become law despite objections
PoliticsGreek Politicsthe conservatives for going after individual taxpayers and small earners rather than corporations and wealth... to blunt tools rather than using the technology available to pinpoint evasion. The legislation has... party that the legislation is fair and balanced. The package remains controversial chiefly because
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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
PoliticsGreek Politicsthe government’s performance should be the 2019 results (rather than last year’s national elections... Parliament elections, rather than last year’s national vote, because he will be able to argue that his... 2.3 billion euros per year and would have to be balanced by tax rises in other areas. Mitsotakis
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Manufacturing continues to improve, but June PMI weakest of year
EconomyMacroeconomysector have been improving for more than a year, however June’s reading is the weakest in 2024. New... manufacturers to raise selling prices, though at a slower rate than previous months as firms balanced competitiveness with cost pressures. Business confidence, while historically upbeat, dipped
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Mitsotakis renews call for Turkey to scrap "casus belli" - opposition unimpressed
PoliticsGreek Politicstime, to compete with each other to convince voters that they have a tougher stance on Turkey than... lower than the company’s last survey in June. PASOK is in second place on 12.3 pct, followed... exploration as strategic imperatives. He balanced this with an admonition to Ankara: “Turkey must
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Opposition politicians express concern as Greek air defence is deployed in Iran war
PoliticsGreek Politicsbehaving like “subordinates of Trump” rather than champions of international law. Androulakis also tied... that the country’s future is European rather than NATO‑bound. Tsipras also connected foreign policy.... Instead, they argue that it has exposed the need for a more balanced, transparent and autonomous foreign
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PM addresses internal anxieties in party as polls indicate public is increasingly sceptical
PoliticsGreek Politicsthis view. More than 70% of citizens believe EPPO acts impartially, and even among ND voters... citizens who support ND’s direction and whose size, he argued, is larger than the party’s polling... brake requiring sustainable spending and balanced budgets, reforms on artificial intelligence
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Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 503 million in the first two... of Greece (BoG). The central government net balance posted a deficit of 684 million in the 2-month period... at 1.36 billion. Similarly, Public Investment Budget (PIB) balance of both BoG and MoF did not show
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For Greek banks, it's business as unusual
Agora) in the autumn of this year. The necessary scrutiny of lenders’ balance sheets, their level of reliance... relationships with domestic lenders whose capital basis is uncertain and whose balance sheets display... will be hindered by underlying balance sheet legacies and tested by domestic challenges concerning
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Cash primary surplus for Jan-Jul close to 3 bln on improved revenues
EconomyMacroeconomyrespective figure of 1.42 billion. The central government net balance remained in negative territory showing... balance are calculated purely on a cash basis, while the respective items reported by the Finance... billion. In contrast to the other items, the Public Investment Budget (PIB) balance in both the BoG
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomy, with this year’s balance posting a primary deficit of 390 million from surplus of 440 million... with higher expenditure. The central government net balance remained negative with the 9-month figure... Investment Budget (PIB) balance remains consistently identical in both the BoG and MoF reporting
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