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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicsdemanded by Greece’s eurozone lenders as part of the post-bailout reform programme. Its adoption... and obstacles towards establishing a “payment culture” in the country – a longstanding demand of Greece’s creditors. However, the government’s focus is not only on satisfying the European institutions
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Fire at archaeological site puts govt's crisis handling under scrutiny
PoliticsGreek Politics). Communist party KKE accused the government of being incapable of protecting the country’s archaeological sites. A representative of left-wing MeRA25 said that the ministry’s attempt to downplay the damage... that the government has something to conceal. Given the vital importance of securing the public’s
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Athens "Great Walk" plan scaled back amid criticism
PoliticsGreek Politicsof the Greek capital’s lockdown coupled with the cost of the pilot phase of the project, resulted in a major... underestimate the opposition. The advice was seen by commentators as directly undermining Tsipras’s new line... political discourse with fake news and flippant accusations. Meanwhile, Tsipras’s new shadow alternate
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Censure motion voted down, prompting government and opposition to claim victory
PoliticsGreek PoliticsDemocracy MPs voted against SYRIZA’s motion, with 133 lawmakers, including from centre-left KINAL, vote... that New Democracy is losing the public’s support, especially through initiatives such as the insolvency... that protect social cohesion and which have been etched into people’s conscience belong to ministers
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Passing of insolvency law gives opposition campaigning foothold
PoliticsGreek Politicsthat 25,000 auctions of foreclosed properties had been held during SYRIZA’s term and accused the opposition... and often reaching back into the recent past to revive grievances. The government’s handling of the ongoing standoff with Turkey also came into play, with SYRIZA’s Alexis Tsipras accusing
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Health system feeling strain of Covid-19 second wave
PoliticsGreek Politicson the health system’s capacity for dealing with Covid-19 cases, which continue to grow despite the latest... in – the national health service’s ability to take the strain is the main issue attracting attention. In its latest... others. This was one of the main issues discussed when Mitsotakis addressed New Democracy’s
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PM pledges handouts amid discontent and gripes over coronavirus strategy
PoliticsGreek Politicsto protect Greece from Covid-19 after successfully navigating through the pandemic’s first wave.... Mitsotakis said that the latter is in the government’s plans and that the Finance Ministry is working... reached 310. Mitsotakis’s chief of staff, Akis Sketsos, indicated that the government will monitor
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingof the transaction. After the Galaxy transaction, Alpha Bank’s NPL ratio in Greece will be down to 13... of the target set under TLTRO-III guidelines. The bank’s repo portfolio amounted to 600 million... from businesses accounting for the majority of inflows. The group’s Loan to Deposit Ratio at the end
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Labour vote, reconstruction plans highlight differences in party agendas
PoliticsGreek Politicsdemonstrated by his government’s commitment to stand by citizens during the crisis. Earlier in the day... opportunity to announce new economic support measures. Mitsotakis’s approach is to present his... of a national crisis. Reconstruction plans Meanwhile, the unveiling of the government’s strategic
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Slight easing of Covid-19 data as focus turns to retail, budget
PoliticsGreek PoliticsThere was slight encouragement for the government over the weekend as Greece’s Covid-19 numbers... reported 85 deaths from Covid-19 on Sunday, taking Greece’s total to 3,625. Again, this represents... are on furlough. The total private sector labour force is 1.9 million. According to the Labour Ministry’s
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