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Sentiment drops marginally in June, consumer confidence improves slightly
EconomyMacroeconomy. The euro area’s ESI was 95.9 points, from 96.1 points of May. Consumer confidence moved up... points, from 16.6 in May, now roughly 8 points from July last year. Construction confidence stayed
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Name deal and Beleri case test Greece's relations with North Macedonia, Albania
PoliticsForeign Policyand new elections in his constituency Himare – where he was elected in May 2023 but never been able to take an oath which caused the diplomatic spat between Athens and Tirana - may be one first step
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Government acts to prevent energy price shock in move critics say comes too late
PoliticsGreek Politicsmarket rise by 33 pct since June and 66 pct since May, while prices at peak times have spiked... cap on electricity suppliers’ profit margins as early as May. The party argues that the government
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Business deposits at forefront of June's 3.83 bln rise in savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures..., after a 363-million euros rise in May.
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyin the Stability Programme sent to Brussels in May, the estimate for 2024 was revised down to 2.5... in May, the OECD places Greek growth at 2 percent for this year.
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Credit rating reviews highlight pressure points in economy
Economymay be growing but are still below the EU average. Unemployment is hovering around 10 pct... rising continuously since the recent low of 2.4 pct seen in May.
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Data protection ruling adds to pressure on New Democracy from ranks
PoliticsGreek Politicsof State. In May, the Interior Ministry received a fine of 400,000 euros and Asimakopoulou herself... relevant, suggesting that he may be biding his time and eyeing a comeback as a unifying figure after
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Athens ponders Syria shake-up with particular focus on Turkey
PoliticsForeign Policythat it is too soon to understand how the political transition in the country may evolve. The second issue... and to avoid any incidents or statements that may disrupt the programming of the meeting of their two
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CPI at 2.6 pct in Dec, housing costs climb by 3.7 pct
EconomyMacroeconomywas in deflation for the 12 months prior to May 2021 and prices have been rising since. The highest annual... of the last seven months below the headline CPI, and in deflation for the first time since May 2021.
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Controversies around president pick cause government headaches
PoliticsGreek Politicsthat while Mitsotakis’s focus on the presidential pick may have paid off with his lawmakers, it has... among the conservative base, while the growing controversy around his person may yet make Tasoulas
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