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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek PoliticsPrime Minister Alexis Tsipras called snap elections on Sunday after SYRIZA suffered a heavy defeat in the European Parliament elections, making it virtually impossible for him to hold on until the end of the government’s term in September. New Democracy was on course late on Sunday to win
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Pandemic takes heavy toll on Greek workers, study finds
EconomyFeaturesof poverty. Losing a job comes at a particularly heavy price in Greece, since after two years
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OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
Economyto 13.5 percent in 2022. Exports will suffer a heavy hit this year, declining by almost a quarter
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Outsider Kasselakis on track to lead SYRIZA after securing key backers
PoliticsGreek Politics. Libya debacle The government, meanwhile, is facing criticism over its handling of the deaths of five members of a Greek humanitarian rescue mission in Libya under unclear circumstances. The victims were members of the Greek armed forces who were part of an official mission to Libya to help
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Mitsotakis shrugs off scandals to hit back at foreign policy critics
PoliticsGreek Politicswith Libya, Mitsotakis reiterated his government’s position that the Turkey-Libya maritime agreement... the rival factions in Libya, allowing Libya to press territorial claims with backing from Ankara.... In the past week, New Democracy has been accused of using heavy-handed tactics in a bid to avoid
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesin recent years, heavy taxation, especially VAT, remains a problem. In October 2015, a new rate of hotel VAT... hotel buildings that have not been used before. In the case of a transfer, a 2.4 percent stamp duty... duty, etc) may be due for the foreign investor. Greece’s hotel industry has been voicing concern
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Clash over institutional interference primes political mood ahead of local elections
PoliticsGreek Politicswith Chinese officials over Huawei’s efforts to counter US efforts aimed at limiting the telecom giant’s expansion. The claims were made in the wake of a New York Times article that alleged Huawei’s.... Georgiadis denied having any kind of inappropriate relationship with Huawei and insisted that he
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Economyeuros, with a coupon of 1.75 pct and a final reoffer yield of 1.836 pct, with 140 basis points over... euros with a final reoffer yield of 1.836 pct. The issue was 5x oversubscribed. The transaction had... a reoffer yield of just 0.807 pct and spread of the German DBR of 135.5 bps. The issue had also attracted
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Challenging three days of diplomatic talks, protests and budget voting ahead for Greece
PoliticsForeign Policyby days of heavy rioting in the Greek capital. Hunger strike The 15-year-old’s murder is traditionally... than 7,000 police on duty and authorities will want to avoid any repeat of the rioting that occurred
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