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Government's focus on defence, plans for more procurements put opposition in tough spot
PoliticsGreek Politicsthe opposition by surprise. The government’s opponents made it clear that they were put out by the lack of consultation, rather than the decision. The defence minister appeared before Parliament’s foreign affairs... frigate, it was noticeable that the opposition focussed on the procedural part of the matter rather than
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Minister's actions put PM on the spot as politicians' loans stir controversy
PoliticsGreek Politicsthat did not adhere to basic banking principles. Attica Bank also attracts strong scrutiny... value of his property is far greater than the amount he borrowed. On Monday, Attica Bank also issued... owed more than 250 million euros, from 225 million in 2016. By contrast, SYRIZA’s loans stood at 6.2
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PM announces extensive measures to build on recovery, counter inflation and put govt on track
PoliticsGreek Politicsthat following the latest GDP data, the government now expects the economy to grow by 5.9 pct rather than... generous than reports over the last few weeks had suggested. It also included several measures that had... has so far ruled out an early trip to the polls but if the economic recovery proves strong and his
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Banks focus on defining challenge of reducing NPEs
EconomyBankingof loans at 11.6 billion euros, with liquidations generating an NPE reduction of 10.6 billion. Having put... higher revenues as the profile of the loans is better than the one sold to Instrum. Additionally... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new
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Government extends pandemic support package amid opposition criticism
PoliticsGreek Politics, was poorly drafted and designed to evade scrutiny, as more than a third of the 130 articles had not been previously put to public consultation. The government’s insistence on proceeding with a major
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FDI, rather than tax cuts, holds key to stronger growth rates - study
EconomyFeatures. Raising the retirement age would put more people back in the labour force, but increase unemployment and put pressure on wages and salaries. The report’s main finding was that such fiscal measures would not be enough to raise GDP, reduce debt and put Greece on a sustainable long-term growth path
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomy, the headline figure outperformed target by 2.77 billion mostly due to strong underspend, with primary expenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... to 1.04 billion euros, 2.84 billion better than target. Revenues Revenues (before tax refunds) rose
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Government braces for farmers' protest, SYRIZA officials put out by leader's approach
PoliticsGreek Politicsdemonstrations. After the meeting, the farmers decided to put into action a plan to hold a protest... suggest that around 5,000 farmers and more than 250 tractors are expected to take part... the government finds itself under more pressure than it has for most of its time in office, left-wing SYRIZA
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Hoping to continue poll recovery, PM tries to put lid on subsidy scandal
PoliticsGreek Politicsat the centre of the farming subsidy scandal that has put his government in an uncomfortable spot at a time... matters and be seen as fraud at a relatively low level rather than grand scale corruption... rather than more of the same.
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Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
EconomyMacroeconomymillion euros better than their target. The over-performance to September continues to reflect a strong underspend (by 1.91 billion) coupled with a revenue outperformance of 1.54 billion. The Public... of the personal income tax. As we have previously noted, the strong revenue collection could
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