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Moody's latest agency to up outlook to positive, keeps rating below investment grade
EconomyOn Friday, Moody’s upped Greece’s outlook to positive from stable, keeping the rating unchanged...’s outlook, starting with S&P in April, then Fitch in June, Scope in July and DBRS just a couple of weeks ago. Moody’s says that the positive outlook reflects improved banking sector health
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Data underlines Greece still has big wage gap to bridge
EconomyMacroeconomyThe issue of Greeks’ wages and spending power has become a thorn in the government’s side - aside... SYRIZA government and continued during this administration’s first term only had a narrow effect... official data from the Labour Ministry’s Ergani database, that there was a shift at the bottom
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Mitsotakis seeks to end squabbling as ND heads to anniversary in pole position
PoliticsGreek Politicsof the centre-right party recently. The disappointing result in this summer’s European Parliament... and Antonis Samaras, on Monday. The two ex-Prime Ministers were both critical of the government’s approach in recent speeches. This week’s conversations were clearly aimed at ensuring
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Middle East escalation prompts government concerns about migration
PoliticsGreek Politicsafternoon to coordinate Greece’s actions in response to the latest developments, and specifically... Pavlos Marinakis condemned Iran’s shelling of Israel, adding that Greece is following a “balanced... initiatives in the region alongside its EU peers. SYRIZA condemned both Iran’s bombardment of Tel
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OECD report underlines sobering reality of economic recovery
EconomyMacroeconomyThe latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative.... In the representative’s op-ed it is noted that when more updated data up to Q2 2024 are included the average
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On eve of leadership elections, SYRIZA slips from main opposition slot
PoliticsGreek Politicsbeen one of the ex-leader’s biggest supporters, had said earlier in a TV interview that she “could.... In a statement, SYRIZA argued that the party’s relegation was a violation of the will of the people... that the party’s goal was to defeat the conservatives and overturn their approach to government
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Mitsotakis moves to quash polls speculation in aftermath of Samaras ouster
PoliticsGreek Politicsa fuller explanation of the logic behind his decision, claiming that Samaras’s statements in a newspaper... appeared particularly irked by Samaras’s use of the word “flirtation” to characterise his approach... for Mitsotakis’s decision to address the issue. Overall, surveys find that a majority of ND voters agreed
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Government stands firm on rejecting PASOK's bank tax proposal
PoliticsGreek PoliticsThe tussle over PASOK’s proposal for a windfall tax on banks continues, with the government setting... Marinakis offered a threefold justification for New Democracy’s stance. Speaking on business... by Finance Minister Kostis Hatzidakis in Parliament later that day, when he defended the government’s
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Health insurance costs and energy bills provide new avenue for opposition attacks
PoliticsGreek Politicsthink-tank IOBE. Introducing the amendment, the party’s parliamentary spokesman Dimitris Mantzos... protections. PASOK’s focus on the issue appears to have caught the government unawares, even though... threat to New Democracy’s dominance, however Mantzos pledged that the party would continue to chip
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Reshuffle rumours doused as Androulakis tries to increase pressure on PM over Tempe
PoliticsGreek Politicsof the fact that during Thursday’s press briefing, government spokesman Pavlos Marinakis said.... The rumours about imminent changes were partly fuelled by the PM’s recent TV interview in which he did... explained that his allegations of a cover-up are based on three factors: The government’s attempt
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