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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek PoliticsAlexis Tsipras attempted on Thursday to turn the latest criticism from Greece’s lenders to his... about whether this year’s fiscal targets will be met, the slow pace of reforms and excessive hiring... exceeding last year’s limit. The SYRIZA leader noted that dismissals in the public sector had not been
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Tsakalotos douses talk of Tsipras facing post-election leadership challenge
PoliticsGreek Politicsthe party’s future and whether Alexis Tsipras will be in a position to continue as party leader. Finance... justified because since 2012 he only has victories and increases in the party’s percentages. And, when... of difficulties in his relationship with SYRIZA. Thursday’s comment is in a similar vein but has an added
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Finance Ministry faces balancing act as it starts to draft 2020 budget
EconomyProgrammeGreece’s lenders. During a press briefing on Tuesday, government spokesman Stelios Petsas said... earlier this year, the European Commission estimated that this year’s primary surplus would...’s press briefing, Petsas also said that the government believes it can make around 1.5 billion euros
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsadvantage of the brief period before Parliament’s summer recess. Apart from the 158 New Democracy MPs... SYRIZA during Tuesday’s vote. The leftists, though, protested that the government’s reduction... to SYRIZA’s plan to cut ENFIA, “not a single euro of relief has been applied to properties worth
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Unemployment falls to 17.2 pct, stays below 18 pct for second month
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 17.2 percent in May from a downward revised rate of 17.4 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 19.4 percent. May’s reading
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP increased by 0.8 percent quarter-on-quarter (QoQ... percent in 2020. Outlook According to the MoF’s MTFS, Greece’s GDP is expected to grow by 2.5 percent, 2.3... in 2023. Compared to last year’s estimates, 2019 was forecast to grow by 2.9 percent, 2020 by 2.5
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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 17 percent in June from a downward revised rate of 17.1 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 19.2 percent. June’s reading is the third
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgrammedetails on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos...’s tax cuts with the 3.5 percent of GDP primary surplus target for next year, which Mitsotakis has said he will not challenge. At Friday’s Eurogroup in Helsinki, Staikouras may provide more clarity
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Survey indicates Greeks concerned about EU's role as geopolitical actor
Societyat feeling that their governments are not proactive about their country’s security. When asked about... on as an ally to protect the continent’s security. Greeks were the most pessimistic... that emerged among surveyed countries was the wariness around China’s economic power. Forty three percent
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New twist in Hellinikon saga as Lamda goes it alone
EconomyDevelopments in Greece’s marquee privatization project at Athens’s former airport took... by Greece’s Latsis family, as the main driving force behind what has turned into an emblematic investment... Democracy’s term, rather than the first week, while the tender for the casino which is integral
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