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Govt trails transition out of lockdown as training vouchers stir controversy
PoliticsGreek Politicsof the facility’s occupants and employees. The hotel, which houses 470 asylum-seekers, has been placed under... in the South Aegean prefecture, compared to one fifth in Athens. Testing In Monday’s Health Ministry briefing, the first after the Easter holiday, the ministry’s spokesman on the coronavirus
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Economic sentiment, consumer confidence plummet in April as construction takes worse hit
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points... points. The EU average ESI stood at 65.8 points for the month. Greece’s ESI now stands at the lowest... a worsening of 1.7 points. Consumer confidence is the lowest it’s been since February 2019 when
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingto inject liquidity into the country’s business landscape. With Greece’s economy projected to take..., officials have indicated. During Tuesday’s meeting, Bank of Greece (BoG) governor Yannis Stournaras said that the banks can allocate the funds earmarked as the ECB’s reduction of capital indicators
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Govt faces pushback from food service sector over re-opening rules
PoliticsGreek PoliticsThe first major incident of social unrest since Greece’s lockdown was imposed in March... era. Mitsotakis has invited all political leaders to join him in the plaque’s unveiling in central...’s leave behind the era of division and violence with a symbolic, but self-evident act of unity
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingof their Cairo portfolio to the government’s Hercules scheme. In February, Eurobank announced... corporations and SMEs worth 2.7 billion euros. Eurobank’s statement at the time said that Cairo... and are “considered key components of Eurobank’s frontloaded strategy aiming at reducing the NPEs
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Industrial turnover drops by 9.3 pct in March
EconomyMacroeconomyGreece’s industrial turnover fell by 9.3 percent year-on-year (YoY) in March compared to a drop.... March’s headline figure is the second negative reading in as many months and the sharpest decline... indicators, April’s PMI index plummeted to 29.5 points in April from 42.5 points in March on the back
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Greece issues new 10 yr bond as investor appetite returns
Economysentiment over the last few weeks and specifically last week’s announcement by the ECB that it would extend... of Tuesday’s issue. The yield achieved in the new 2030 GGB is the lowest that Greece has achieved... remain untouched, and not having any immediate need to request access to the ESM’s pandemic credit line
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Amid crowding concerns, officials reject idea of return to full lockdown
PoliticsGreek Politicsbuying advertising space for the “stay at home” and “stay safe” campaigns. Defending the government’s... of public funds have dogged the government’s pandemic campaign from the start, with opposition and media... tried many angles of attack on Kyriakos Mitsotakis’s government since losing power, most have so far
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Industrial turnover drops by 35.4 pct in April, hitting series low
EconomyMacroeconomyGreece’s industrial turnover fell by 35.4 percent year-on-year (YoY) in April compared to a drop.... April’s headline figure is the lowest reading in the series, surpassing the previous low of -31.6... and refined petroleum products which holds the highest weighting in the index. In other indicators, May’s
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Novartis scandal causes allegations between govt and opposition to fly
PoliticsGreek PoliticsND government, are that he ran a “shadow justice network” which falsely implicated SYRIZA’s... purported to show that SYRIZA knew of Pappagelopoulos’s alleged corrupt practices. A tape submitted... to be using the investigation into Mioni’s tax affairs to pressure him into smearing Mareva Grabowski, wife
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