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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgrammeFollowing a week of meetings with the Greek authorities and relevant ministries in the context..., the Greek economy is expected to grow by 2 percent in real terms this year and 2.4 percent in 2019... that the Greek authorities should proceed with the already legislated pensions savings in 2019 which
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgramme, the Greek authorities announced their intention not to implement the pre-legislated income tax credit... of the Greek Stability Programme, the measures also raise concerns on the achievement of the medium... and corporate tax rates. Regarding the measures proposed by the Greek government for 2020, the EC says
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Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts
PoliticsGreek PoliticsThe new Greek government is planning to move ahead with the tax cuts promised by New Democracy... appetite for changing this target to give the new Greek government greater fiscal space. Mitsotakis... received reassurances from the Greek leader in a phone call that he would quickly begin implementing
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QE arrives for Greece
Agoraname defined by the coronavirus. For the ECB to start purchasing Greek sovereign bonds... in the course of the past two weeks. Only five weeks ago - on February 12 - the yield on Greek 10-year debt... was followed by an equally dramatic turnaround in yields for Greek debt within the past three weeks
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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomymonths, Greek manufacturers reported feeling pessimistic in April with production expected... in April had a particularly detrimental effect on the Greek manufacturing sector. The sudden... in little choice for firms but to shed workers,” they said. “Our current forecast expects Greek
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PM in search of recovery fund boost as parties clash over latest Novartis episode
PoliticsGreek Politicsissue, or Next Generation EU as it is also known, is a priority for the Greek government. Having... to further stimulate the Greek economy, which the European Commission expects to contract by 9 pct... than 15 pct of annual Greek GDP and, if used wisely, the funds could go a long way to helping
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Newsletter 270 -23/10/2020
bars. However, what was celebrated just over a week ago as a triumph of the Greek justice system now... be doing more to support businesses and households. On Thursday, Mitsotakis briefed Greek President... purchase programme made up the mind of the Greek authorities to lock in the record low borrowing costs
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Exporters focus on new markets to weather pandemic
EconomyMacroeconomyGreek exporters are continuing their efforts to ride out the coronavirus pandemic and its second... for Greek exports has experienced a shake up during the first nine months of the year, while exporters... and are looking for ways to maintain the positive momentum for Greek products in international markets
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Newsletter 290 - 26/03/2021
until July. The Greek government had hoped that UK visitors would be among the first and most numerous to take advantage of the reopening of Greek tourism from May 14. Package tour operators TUI... deals with countries including the UAE, Saudi Arabia, Russia and China. Already, the Greek Civil
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Loosening of restrictions on expat vote fails to secure Parliament's approval
PoliticsGreek PoliticsA government-sponsored amendment to the electoral law aimed lifting the restrictions on Greek... and Greek solution, giving it a total of 190 votes, while KKE and MeRA25 voted against it. SYRIZA... a mechanism for Greeks overseas to vote from their countries of residence in Greek national
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