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Government bolsters aid package as questions mount over deadly fires
PoliticsGreek PoliticsThe coalition has announced further financial aid for victims of the fires around Athens this week... is also coming under scrutiny as it has the task of coordinating crisis management. The head... on Wednesday criticising Skai TV and radio, which has been at the forefront of the rolling coverage
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomyof 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown... has stayed under 4 million. The total for legacy tax arrears (i.e. those created before 2017... has remained above the 100-billion mark for five months now. Based on a GDP estimation of 184.69
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Russia responds to expulsions but diplomatic row seen petering out
PoliticsForeign PolicyRussia has expelled two Greek diplomats and has forbidden two others from entering the country... and a communications technician at the Greek Embassy in Moscow. According to the same sources, Russia has forbidden... country. Kotzias has repeatedly defended the “added value” of the agreement by noting that it helps
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesand harness investments, Alpha Bank’s weekly financial bulletin has highlighted. Focusing its first section... quoted in the report, the hotel industry in Greece has undergone strong growth since 2004. In 2004.... However, the report notes that while the hotel industry has gone from strength to strength
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Eurosystem funding down by 3.29 bln to 13.02 bln in July
EconomyMacroeconomy(BoG) monthly financial statement has revealed. In June, the MoM figure had declined at a sharper... for a second consecutive month. Since the start of the year, Eurosystem funding has fallen by approximately... at a milder rate by 809 million to stand at 8.18 billion. In recent months, ELA funding has been
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economybehind all agencies. However, it has not taken any ratings action since February. Fitch believes... notes that with an average debt maturity of 19 years Greece already has one of the longest maturity... dependency has dropped from 90 billion in 2015 to just 8.4 billion in July. Capital controls were
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Cabinet reshuffle expected to presage coalition's revival effort
PoliticsGreek PoliticsGreek politics has entered what is meant to be a rare quiet period this week but speculation about... Expo). There has been much debate about whether it will be an extensive shake-up or whether limited... position. There is satisfaction with her performance within the government and Tsipras has placed much
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Are you not entertained?
Agoraas it is essentially the only narrative it has left after the calamitous first months in office and the failure... by the average Greek, and this is not because the last decade has sapped hope. GDP decline Greece’s real... in the job market has been mostly driven by seasonal jobs in the tourism sector and largely by part-time
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Reshuffle on backburner as Tsipras draws ideological battle lines
PoliticsGreek PoliticsThe timing of the cabinet reshuffle that has been trailed in the media, and by some government... for a “solidarity” payment. The government has been able to pay out so-called social dividends from... Syntakton, Labour Minister Efi Achtsioglou has already prepared the amendment to allow for the start
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammeThe Greek government has given its clearest indication yet that it does not intend to implement... or structural terms. The European Commission, via Pierre Moscovici, has indicated a willingness..., reportedly insists that the reductions are still necessary. “The IMF’s insistence on pension cuts, as has
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