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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek Politicsyear, there is little room for error. Already, Deputy Finance Minister Theodoros Skylakakis has... the government has not changed course, it is watching developments closely and may be forced to postpone... has been convened to monitor developments on an ongoing basis. Financial markets On Monday, the ASE
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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingon April 30. Staikouras has been on a media drive to encourage more borrowers to either apply via... of 2019. The MoF has been contacting eligible borrowers to complete or start their applications... and answered by the platform’s support team. In addition, the MoF noted that it has requested
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Unemployment drops to 16.3 pct in December
EconomyMacroeconomymillion unemployed in September 2013, unemployment has shown a fall of 44 percent. The overall labour.... The month-on-month labour force has shown a decline for four consecutive months so far. The inactive... year, there were 5,015 more people hired than fired. Ergani noted that the month of January has
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MoF to announce measures for safeguarding businesses impacted by COVID19
Economy) has proposed a set of measures to deal with the virus’s impact, especially on small and medium-sized.... Impact The Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened... the virus could reach 30 percent, since the supply chain from China has been severely disrupted
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PM briefs EU leaders on migration stance as Turkey tries to pin blame on Greece
PoliticsForeign PolicyTurkish officials and mainly by Turkish President Recep Tayyip Erdogan. He has repeatedly accused... that Turkey has usually interpreted it. Libya There is a possibility of a ceasefire in Libya within the next... and for the political process to progress based on what has been agreed within the framework of the Berlin
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PM calls for unity as opposition reacts to decisions on health, labour
PoliticsGreek Politicshas now claimed 20 lives in the country. Military and school parades were cancelled due... threat” to all citizens. This is not the first time that the prime minister has likened the drive... generous in the economic support package it has put together, noting that other countries have
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Mitsotakis urges EU to act after European Council stalemate
PoliticsGreek Politicsduring Thursday’s teleconference. The Eurogroup has now been given the task of coming up... added. This was a direct attempt to address the so-called “moral hazard” argument that has resurfaced.... Mitsotakis knows, though, that he has domestic support for his stance. A number of commentators have
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
Economyleaking revenues, as the virus has affected a wide range of sectors, and spending has been stepped... euros of additional fiscal space. Greece has an estimated cash buffer of 37 billion euros, of which
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyinsurance contributions has an added cost of 1.6 billion euros, whereas the 800 euros benefit to staff... relying too heavily on the country’s cash reserves as the sizeable buffer has helped Greece secure very attractive rates since it exited the programme and has been quoted several times as a fiscal
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingin the scheme has temporarily halted after a strong launch. On the same day that Greece’s first coronavirus... when Greece’s lockdown will end. The latest report by the Moody’s Investor Service has warned... the decline in NPLs has been significant across the last few quarters, this trend would freeze going
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