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Athens steps up diplomatic efforts amid ongoing friction with Ankara
PoliticsForeign Policyto a war with Turkey in 1996, as a Turkish research vessel, the Oruc Reis, entered waters above Greece’s... an agreement made by the two countries’ foreign ministries a few weeks ago to boost the latter’s air.... It is also seen as a result of Washington’s pressure on Athens for a Greek presence in the Persian Gulf
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomyprinciple will be the EU directive 1023/2019 of “second chance” but not before the borrower’s assets... avoid. With this in mind, the Finance Ministry’s focus has shifted to more realistic proposals... included in the ECB’s programme of asset purchases, the central bank president agreed that the economic
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ND steps up efforts to build island detention centres for migrants
PoliticsGreek PoliticsThe government’s relationship with residents of islands hosting asylum seekers is going... it accused of laxity and indifference on the migration issue. In an interview with Sunday’s To Vima... that many experts thought was too ambitious. SYRIZA criticised the government’s announcement on Monday
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Strong performance of 15-year bond bodes well for market strategy
EconomyThe strong appetite for Greece’s sovereign debt has been visible over the last few weeks across... Fund. Following on from last year’s early repayment, Athens is considering pre-paying the 2021 IMF... is lower than the Fund’s 1.9 pct variable, so the ESM approves it by agreeing to the waiver
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Rise of exports slowed in 2019, with goods suffering dip
EconomyFeaturesbillion euros. Exports of goods dropped by 0.8 percent to 9.33 billion euros. The government’s 2020... to 17.5 percent of GDP in 2018. BoG’s analysis showed that the market share of Greek exports showed... factors - Greece’s goods export market being heavily oriented towards fuel exports, as well as heavy
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Government braces for reaction to pension bill
PoliticsGreek Politicsto live up to its promise to scrap the previous government’s pension regulations, the so-called Katrougalos law, and is only tinkering at the edges. The unionists argue that ND’s intervention does not go... make a fundamental change to the previous government’s system by decoupling social security
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek Politicsthat a global slowdown due to the disease could have a significant impact on Greece’s fragile recovery... of the government’s pledges. With the government’s plans riding on 2.8 percent growth for the current... warned that the government’s tax relief programme could be compromised if the fragile economic recovery
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeGentiloni during his recent visit to Athens, Greece’s fifth post-programme review was successfully... relief measures that Greece was granted in June 2018, which, in the creditor’s view, warranted more... developments have been incorporated in the analysis and confirm the debt’s downward path. In one
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Greece waits for tangible outcome from EU's symbolic backing over border crisis
PoliticsGreek Politicssecured from US President Donald Trump in a call on Monday, when the American leader recognised Greece’s... in Syria’s Idlib province, Athens will likely be urging EU officials and leaders to do all they can.... However, domestically, the Greek government has also been pushing the line that Ankara’s actions
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Greece gets EU show of support, emergency funds for migration
PoliticsGreek Politicsand equipment under FRONTEX’s rapid border intervention scheme, while it also be activating... which had consumed the government’s energy in the previous week. Continuing challenge While attention... arrivals by land. More arrivals on the islands are likely to harden opposition to the government’s
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