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Parties balanced finely as build-up to next elections gathers pace
PoliticsGreek Politicslead over SYRIZA, although the gap between the two parties has narrowed since the company’s last... months ago, while SYRIZA’s backing has edged up from 23.7 pct to 23.9 pct. PASOK-KINAL suffered... the vote to take place next year, at the end of ND’s four-year term. The argument within ND about
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PM broaches demographics issue, stresses role of migration
PoliticsGreek Politicsto our identity as Greeks, but an undermining of the country’s ability to produce individual and public wealth.” According to the most recent projections carried out by Eurostat, Greece’s population... and youth unemployment reach record levels, triggered considerable concern about Greece’s demographics
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Subsidies fuel pre-election mood as SYRIZA starts preparing
PoliticsGreek PoliticsFor those expecting snap polls in a few months, the government’s announcements about the latest... party’s support ebb away because of voters’ frustration with rising costs. The PM’s decision to also... for a possible snap election. SYRIZA’s political committee met on Tuesday to begin preparations, which
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Where is Odysseus? Part 4 - Unemployment and Employment
Agora. We can first consider how the economy may transition from today’s high (cyclical) unemployment rate.... That is considerably lower than in Greece’s past, and reflects the efforts made during the crisis years... calculate three scenarios for the potential level of employment in Greece’s long run. For the baseline, we
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicssnap elections, the government’s focus is turning to what measures it will be able to unveil over... for the end of New Democracy’s four-year term towards next summer. Although the opposition remains... a fiscal balance that will remain convincing not only to Greece’s European partners, even though
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Opposition parties step up pressure after back-and-forth over election date
PoliticsGreek Politicsbe more responsible to see out the government’s four-year term, which ends next summer... polls available to the public, suggesting that in reality New Democracy’s lead is in question... scepticism was misguided and that even SYRIZA’s own secret polling was substantially off the mark
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Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
EconomyMacroeconomyGreece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1..., the index posted growth of 18.2 percent in March 2021 and has been growing ever since. May’s figure... points, according to S&P Global data released on Friday. June’s PMI captured only a marginal
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Government on mission to manage expectations in anticipation of tough winter
PoliticsGreek PoliticsTheodoros Skylakakis described Greece’s energy system as “iron-clad”. Plans for energy rationing... in for the first month of operation of the new electricity subsidy scheme, the cost of supporting customer’s bills... of the year. Economou repeated Prime Minister Kyriakos Mitsotakis’s reassurance at last week’s cabinet
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Business transformation brings profit of 243 mln euros for Alpha Bank in H1
EconomyBankingbillion euros in the same period of 2021. Last year’s results were impacted by the bank’s business... The Group’s net loans amounted to 38.1 billion euros in H1 2022, a rise from the 36.9 billion euros... the full utilisation of the bank’s TLTRO III borrowing allowance. Capital The Common Equity Tier 1
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Govt brings energy saving to forefront as cost of support set to skyrocket
PoliticsGreek Politicsfollowing the news that the NordStream 1 pipeline is to be shut off indefinitely. With the EU’s energy..., as the EU-level discussions are not expected to yield solutions before the PM’s annual Thessaloniki International Fair address on Saturday, where he is expected to outline the government’s economic
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