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PM adds minimum wage hike to pre-election promises, with hints of more to come
PoliticsGreek PoliticsThe turn of the year gave Prime Minister Kyriakos Mitsotakis an opportunity to reinforce the message that the government will continue to provide relief for hard-pressed households, as elections loom ever closer on the horizon. In what has become a patt...
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Opposition irate over watchdog briefing as govt hints at "rogue network" behind surveillance
PoliticsGreek PoliticsOpposition MPs stormed out of a meeting of the parliamentary committee handling the surveillance affair over what they claim is a concerted attempt by the government to cover up a politically motivated spying operation on domestic targets including jour...
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Kasselakis offers more hints of a positive narrative for SYRIZA's post-Tsipras era
PoliticsGreek PoliticsSeveral months after his surprise election to the leadership of SYRIZA, Stefanos Kasselakis has started sketching out the first lines that will distinguish his era from that of party founder Alexis Tsipras. Buoyed by encouraging signs from recent polls ...
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Mitsotakis hints at post-election policy tweaks to address economic concerns
PoliticsGreek PoliticsWith the cost of living and the economy dominating much of the public debate in the run-up to next week’s EP elections, Prime Minister Kyriakos Mitsotakis has started to sketch out several specific interventions that the government is mulling for after ...
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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyLast week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administ...
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Newsletter 16 - 20/02/2015
debt related to 326,000 individuals and 75,000 corporates owing more than 5,000 each makes up 97... framework to allow those owing more than 15,000 to pay the debt in 100 instalments (as opposed to the current 72 rates). Larger tax debtors owing more than 1 million would also stand to benefit from
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economyof debtors increased by 4,487 QoQ to 272,468 in Q4 with almost four in 10 owing less than 15,000..., corresponding to more than a fifth of total debt. The largest debt bracket involves those owing between 50..., and includes 54,835 debtors, a fifth of all those owing contributions. KEAO figures also showed that 12.41
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomy, representing a fall of 31.5 percent. Regarding the number of debtors owing debts to the state, the breakdown.... In absolute terms, the largest decline was noted in those owing up to 500 euros (-189,956 or -8.63 percent). An increase of 1.8 percent, or 136 debtors, was seen for those owing sums of over 1 million euros
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingof 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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