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PM strikes public diplomacy coup with Zelensky visit, faces criticism over wildfires
PoliticsGreek PoliticsSea grain exports, as well as ongoing support for Ukraine’s Euro-Atlantic integration. His meeting... military involvement in the Ukraine war, arguing that it undermines the country’s role as a pillar... hospitalised. SYRIZA’s interim leader Sokratis Famellos called on the prime minister to answer questions
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PM under pressure to account for destruction, as wildfires stoke anti-migrant sentiment
PoliticsGreek PoliticsPressure is intensifying on Prime Minister Kyriakos Mitsotakis to account for the government’s... his first statement on social media, thanking Greece’s foreign allies for sending firefighters... the destruction wreaked by the Evia wildfires of 2021 to reach 144,000 hectares, according to data from the EU’s
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Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM
EconomyMacroeconomyThe contraction of Greece’s import price index continued in July, falling by 14.4 percent year... with growth sliding since. However, due to last year’s unprecedented rises, this year’s numbers have..., the index posted an increase of 4.8 percent, from a rise of 0.5 percent in the previous month. June’s
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Poll suggests mood souring for government, SYRIZA leadership race wide open
PoliticsGreek Politicsreaction to the impact of this summer’s natural disasters, which will be delivered in his postponed speech... sentiment evident following New Democracy’s two convincing election wins in May and June has evaporated... opposition party’s leadership vote is due to take place this Sunday. Until recently, it appeared
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Positive sentiment around banks continues to grow
EconomyBankingThis year’s positive story around Greek banks is gaining momentum as systemic lenders appear... profitability hinged on the ECB’s tightening of monetary policy. Despite a correction of close to 14 pct... positive news for the sector came from Moody’s and Fitch ratings this week, with Moody’s upgrading all
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Government faces new storm test as Kasselakis sweeps through SYRIZA
PoliticsGreek Politicsby Tuesday morning. The government is painfully aware that after this summer’s wildfires... and denied the suggestion that the climate crisis could undermine Greece’s main industry, tourism... at SYRIZA in the wake of Stefanos Kasselakis being elected the party’s new leader. Kasselakis started
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State braces for losses as bank divestment plan is put into action
EconomyBankingin the running of banks, following a series of recapitalisations whose scale led to the Greek state’s... for the acquisition of roughly 52.1 million shares that represent 1.4 pct of the share capital. Eurobank’s... of the two banks that ended up in Eurobank’s ownership is circa 10 billion euros. If the offer by Eurobank
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Energy a key driver for further import prices drop of 14.6 pct in Aug
EconomyMacroeconomyGreece’s import price index continued to contract in August, falling by 14.6 percent year-on-year... with a 39.1 percent rise with growth sliding since. However, due to last year’s unprecedented rises, this year’s numbers have a significant base effect. Last year’s August reading was at 32 percent annually
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After Greece clambers back to investment grade, what lies ahead?
Agoraof privately held debt, known as the PSI, was announced. Fitch and Moody’s had also placed Greece in the default category during that period. Greece’s rating had been steadily improving since, until... with Greece’s lenders led to four downgrades in quick succession, bringing Greece to ‘CCC-‘ with a negative
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingalso submitted an offer to acquire the Hellenic Financial Stability Fund’s (HFSF) 9 pct stake..., as required by the HFSF’s operating framework. It was concluded over the weekend and included an improved... pct and 11 pct respectively. The transaction closes the state’s participation in Alpha Bank, realising
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