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Greece beefs up border security to counter migration flow
PoliticsForeign PolicyAthens believes the migration crisis has entered a new phase, calling it a hybrid attack on Greece by Turkey. As a result, the Greek government has decided to deploy additional measures to protect the country’s borders. The Council for Foreign Affairs a...
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Deposits up to highest since 2011 after 2.27 bln rise in Sep
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in September accelerated to 2.27 billion euros, after it had slowed down to just 89 million euros in August, and 483 million euros in July, based on Bank of Greece (BoG) figures release...
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
EconomyGreece’s debt managers managed to nearly complete the debt strategy for 2023 before the first quarter has been completed, with the issue of a 5-year bond yesterday that drew 2.5 billion euros with a yield of 3.92 pct. Following the inaugural 10-year iss...
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Post-election push for Greek-Turkish talks being lined up
PoliticsForeign PolicyIt seems that there will be an internationally coordinated new effort to bring Turkey and Greece back to discussions about their longstanding disputes after elections have taken place in both countries. That was the main message from two western diploma...
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Candidates start lining up for imminent SYRIZA leadership ballot
PoliticsGreek PoliticsDespite some doubts, SYRIZA is forging ahead with its plan to elect a new leader to succeed Alexis Tsipras in early September. Concerns had been raised by some SYRIZA officials that the contest was being held too soon and that the party should first for...
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Kasselakis starts to open up as early polls show little impact on public opinion so far
PoliticsGreek PoliticsStefanos Kasselakis has given his first TV interview since his shock victory in the SYRIZA leadership race as initial opinion polls indicate his victory has had little impact so far on voters’ views about the parties’ abilities. Kasselakis spoke to Star...
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PM lines up Israel visit, discusses conflict with Erdogan
PoliticsForeign PolicyPrime Minister Kyriakos Mitsotakis is planning to visit Jerusalem and hold talks with Benjamin Netanyahu not only to express solidarity to Israel but also to act as a European mediator, according to media sources. The exact date and details related to h...
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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingPiraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022. Normalised operating profit was 577 million euros in, with 277 million euros in Q3, from 729 million in 9M 202...
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SYRIZA turbulence shakes up opposition politics
PoliticsGreek PoliticsSYRIZA’s decline in the opinion polls and the internal disruption that has followed the election of Stefanos Kasselakis as leader is creating a new reality as far as opposition politics in Greece is concerned. A ProRata poll published this week indicate...
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Wage growth continues for sixth quarter, up 5.9 pct YoY in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q3, rising by 5.9 percent year-on-year (YoY), from an upwards revised 5.6 percent in the second quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on F...
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