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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Economybanks deal with the bad loans challenge. BoG has revised its forecast for Greek GDP, from 5.8 pct... by the EU and Greece will lead to a primary deficit of 6 pct of GDP, as spending has increased, and tax..., which has not yet been incorporated in its forecasts. Banks Regarding the banking system, the BoG
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Greece buoyed by diplomatic progress on Turkey ahead of EU summit as it plans to reduce refugee camps
PoliticsGreek Politics. At times, the perceived intransigence of Cyprus has risked upsetting the balance in the Council, between... to enter a dialogue with no preconditions. The Greek position has been further buoyed by the supportive... strategy Migration has also been a source of friction between Greece and Turkey and the Greek government
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WWF sets out road to green economic recovery in post-Covid landscape
EconomyFeaturesWWF Greece has released a blueprint for Greece’s green recovery which outlines a number of steps... economic crisis. “The pandemic has hit this country after a decade of austerity, at a time when... pointed out that Greece has been allocated 17 billion euros in grants via the European Recovery
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Greeks less optimistic in face of second Covid-19 wave, survey finds
SocietyThinktank diaNeosis has released a survey tracking the reality of life in Greece during.... The pandemic has altered many aspects of how Greeks live their lives now. The majority of respondents... and technocrats has dropped to 65.6 percent in September from 85 percent in April, which diaNeosis points
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Turkey friction looms as Greece and Albania opt for ICJ route, Lavrov visits Athens
PoliticsForeign Policythat Albania has special relations with Turkey. It is also a message to Ankara that addressing the ICJ... that Albania’s constitutional court is not currently operating at all has made the option of the ICJ... in Albania is uncertain due to April’s general elections and this issue has already sparked reaction among
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politicson the national health system has also increased, with a record 114 patients intubated in ICUs across Greece... the support package it has put together for the economy. Announcements are expected at the start... economy is expected to reach 11 billion euros this year. Almost 8 billion euros has come through tax
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Greece to enter second lockdown as govt faces criticism over 'total failure'
PoliticsGreek PoliticsTV that Mitsotakis was due to announce a second national lockdown. While the government has tried... for the inevitable second wave. In addition, the government has been criticised for opening the country’s... on allowing religious services and exempting priests from wearing masks has come in for particular criticism
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Newsletter 272 -06/11/2020
has tried to paint a picture of competent management of the pandemic, the last few weeks have made... of preparation for the inevitable second wave. In addition, the government has been criticised for opening... that Greece has been severely impacted by the pandemic due to its reliance on the services sector
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Economy’ from ‘B1’, while it kept the outlook stable. Moody’s, which has its own rating scale, had... the challenges in absorbing EU funding, given Greece has failed in delivering on public investment funds and private investment has been weak. Moody’s anticipates Greek debt exceeding 200 pct of GDP, before
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingeligible individuals, has been activated as part of a number of mechanisms to relieve pressure... to extend payment moratoria has been put forward to the SSM, though reports in the Greek media have... since the start of the pandemic. Up to the end of October, doValue Greece has settled 43,000 loans
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