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Attention turns to economic activity, support measures as Covid-19 vaccine rollout begins
PoliticsGreek Politicsstrategy and the opposition continues to be critical of New Democracy’s approach. Mitsotakis..., to receive one of the small first batch of vaccines to arrive in Greece as part of the European Union’s... advising the government, echoed the prime minister’s optimism, but warned that Greeks would have
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PM mulling reshuffle to get political project back on track in 2021
PoliticsGreek Politicsalteration to improve the government’s performance and an admission that his administration... of deputy minister rather than minister. New Democracy’s opinion poll ratings have been slipping since... changes to the cabinet as a form of reversing the government’s fortunes. However, Mitsotakis sees
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Banks end year with continued bad loan sales
EconomyBankingAt the end of a challenging year for the banking sector, Greece’s systemic banks have continued... of the total gross book value of the portfolio. Pro-forma for the transaction, Piraeus Bank’s NPE ratio... as per the respective securitisation requirements. Upon completion of the bank’s imminent corporate
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Lockdown set to be extended as political friction continues
PoliticsGreek Politicsto counterbalance the increased movements registered over New Year’s Eve and New Year’s Day. It seems, though... of the increase in people’s movements over the Christmas period, experts point out that the number... the last few days, according to reports. SYRIZA continues to shine the spotlight on New Democracy’s
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PM dismisses possibility of snap elections, sets out vaccine flow
PoliticsGreek Politicselections later this year and has indicated that Greece’s latest lockdown is likely to be relaxed.... The comment seems an indirect criticism of ND’s main opposition, SYRIZA, whose approach and messages are still... his belief and approach in 2019, when New Democracy’s election campaign focussed on bringing
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBanking) stepped up its warnings regarding the pandemic’s impact on the Greek banking system. Greece’s central... with the Finance Ministry’s estimate of 4.8 pct growth for 2021. BoG notes that, based on experience... ratio will stand at 25 pct, against a 2.9 pct eurozone average. Greece’s central bank has grabbed
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
EconomyAs was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged...’s upgrade in January before the pandemic, S&P has not taken any rating action since the end of 2019, standing a notch behind at ‘BB-‘, and Moody’s the last agency to upgrade Greece in November at ‘Ba3
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PM tightens lockdown, braces for economic and political impact
PoliticsGreek Politicsmessages coming from officials and the PM’s trip to Ikaria, where he was pictured having a meal... eroded the government’s image of competent management of the coronavirus crisis. In his televised... that, despite recent criticism, his government’s record in dealing with Covid-19 has been better than
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomythe containment measures that are expected to weigh on Greece’s recovery and were not anticipated...’s population, produces half of the country’s GDP and, according to industry associations, represents... a gradual return of tourists. In a recent event Greece’s Prime Minister had taken a much more bullish
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Starkly different solutions presented as govt nears lockdown decision point
PoliticsGreek PoliticsAs Greece’s Covid-19 statistics show no signs of improvement, the government in Athens is reaching...”. The possibility of a further week’s extension was also raised by Deputy Health Minister Vassilis Kontozamanis... measured in the city’s wastewater remain at high levels, which is taken to indicate that no reduction
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