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Greece faces new regional risks as Middle East tension escalates
PoliticsForeign Policywith the heads of Greece’s embassies and consulates in Iran and across the Middle East amid the flare‑up of violence in the region. At the same time, security measures have been increased at Greece’s main... and the next phases of the region’s reconstruction remain of crucial importance. At the same time
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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
EconomyDBRS has kept Greece’s credit rating unchanged at ‘BBB’ and the outlook remained stable. In March last year, DBRS upped Greece’s rating by one notch, a step above the entry rating of investment grade... reduced Greece’s still-high public debt ratio from 158.6 pct of GDP in September 2024 to 149.7 pct
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Government unites in rejecting Hormuz deployment as PM advocates fiscal escape clause
PoliticsGreek Politicscooperation and eastern Mediterranean stability, including the issue of Cyprus’s security. Asked directly... by the Iran conflict to highlight his administration’s experience in crisis management... the opposition’s ambivalent stance on national security. He added that, “having someone who has successfully
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Athens balancing diplomacy and defence amid Middle East turmoil
PoliticsForeign Policy‑ministerial meetings involving the Ministries of Foreign Affairs, Defence and Citizen’s Protection have been held over the past couple of weeks to assess evolving risks. On the diplomatic front, Greece’s... that Ankara’s irritation is primarily linked to the increasingly unmanageable situation along its
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Greece's labour market is austerity's biggest casualty
Agorathe efforts during the festive period to change the narrative of the country’s future prospects. Prime... and the recession does not exceed the finance ministry’s estimates) and the revenue side of the budget.... The lion’s share comes from construction that has lost 159,000 jobs, a staggering 43.8% drop
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Is VAT all you've got?
Agorabut who knows, maybe after this week’s decision to cut value added tax at restaurants and cafes, Greece.... The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important service sector and make the country’s tourism sector more competitive against its rivals. However
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Greek industrialists decry conditions as another major firm moves its HQ abroad
EconomyGreece’s industrialists have cited the departure of yet another major firm from the country... obtaining financing from Greek banks. The Hellenic Federation of Enterprises (SEV) said that Viohalco’s... in Europe. SEV accused the government of neglecting industry, which it termed the Greek economy’s “most
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Racism in Greece is getting worse and authorities are to blame, damning report suggests
Societyofficers have been accused in 47 cases. The Ombudsman’s findings are in line with those of the Racist... establishing the worrying rise of racism in Greece, the Ombudsman’s 128-page report condemns the police...” as well as tarnishing Greece’s image abroad. This is a further blow to the government in the wake
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Volunteers try to fill void left by retreating Greek state
Society, compared to 27.6 percent in 2009, before the crisis began. Also about 65 percent percent of Greece’s 1.3... insurance. In 2009, just 45.6 percent of Greece’s jobless were long-term unemployed. At the time... for a safety net to protect the growing number of people being pushed to society’s fringes
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Greek centre-left in search of new roots with own Olive Tree alliance
PoliticsGreek PoliticsA potentially significant moment in Greece’s centre left, and perhaps Greek politics in general... to be presented on Wednesday, with its authors hoping to replicate Italy’s Olive Tree alliance, founded under the leadership of Romano Prodi in 1995. Italy’s Olive Tree played a significant part
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