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Newsletter 304 - 09/07/2021
, in keeping with the rising numbers earlier in the week and way up on last week’s figures. There has... in place just six months ago. The authorities are adopting a more proactive strategy to try and speed up..., and for the opposition to make up ground. New Democracy’s rivals were not shy in coming forward
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Crunch time nears for health system as Covid surge meets staff suspensions
PoliticsGreek Politicswithout pay. Official figures show that up to 20,000 hospital workers (almost 20 pct of the total) have... workers, and has hinted that a list of sectors has already been drawn up in preparation. Among those lined up for the vaccine mandate are the emergency services, which have some of the lowest reported
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PM opts for unconventional choice to overcome snag at new ministry
PoliticsGreek PoliticsKyriakos Mitsotakis stepped up his preparations for this weekend’s appearance at the Thessaloniki... will be taking up in Greece. Government spokesman Yiannis Economou said that Stylianides is “perhaps... attempt to undermine the opposition party by scooping up one of its former associates. In comments over
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GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
EconomyMacroeconomygrew by 22.6 percent, household spend was up by 13.2 percent and government spending was 6.1 percent higher due to increased support measures of up to 17 billion euros. Imports grew almost in line..., making up 91.7 percent of the total GDP in Q2, with private consumption representing 71.7 percent
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Short-term fix for electricity bills leaves open questions for green transition strategy
Societyfactors have driven up the cost of gas and coal generation, which still make up half the domestic supply... schedule published by the grid manager ADMIE, up to 2,000 MW of lignite generation was slated to go... the end of the year. How far will this go, though? The government announcement assumes price rises of up
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Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
EconomyMacroeconomyin the MTFS. Even factoring those two elements, net tax revenues up to September are above the target by 1.36 billion euros. The budget balance up to September recorded a deficit of 10.15 billion euros..., consumption and income taxes categories outperformed up to the September period with corporate income
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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
EconomyMacroeconomyThe budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared... budget in Parliament last Friday. The budget balance up to October recorded a deficit of 11.5 billion... mainly thanks to tourist activity. Various VAT, consumption and income taxes categories outperformed up
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicsno let-up in the number of patients receiving intensive care. The opposition also picked up on comments... to be backed up by a new opinion poll. The survey carried out by ProRata for the ieidiseis.gr suggests... the same period, SYRIZA’s support has inched up to 25.5 pct from 25 pct, while centre-left KINAL
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ND seeks to capitalise on divergent views over defence procurements
PoliticsGreek PoliticsRafale jets and up to 4 Belharra frigates from France, the debate around the procurements still... of the expenditure will end up remaining in the country. This point was also raised by KINAL, which also.... The government, however, insisted that the purchases were necessary to stand up to the threat posed
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Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct
EconomyMacroeconomyin the previous year and a much-subdued festive season in sales. The index during 2021 is up... and pharma products up by 24.4 percent. Automotive fuel sales volume was up by 22.2 percent... is up by 11.3 points since March 2021. The overall economic sentiment (ESI) stayed broadly unchanged
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