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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeThe International Monetary Fund's updated Debt Sustainability Analysis (DSA) sees Greek debt as being highly unsustainable and stresses that even with the full implementation of the policies included in the third eurozone bailout programme, both debt an...
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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyGreece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday. The headline figure confirms recent comments made by the government and top euro...
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Survey finds only 60 pct of hotels operated in the year so far
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic. It found that only 60 percent of hotels operated during the year to date. Reg...
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Newsletter 229 -22/11/2019
and the overall confidence levels in the economy, coupled with the expansionary nature of the tax cuts will push the economy up by 2.3 percent in the EC’s view, which is under the 2.8 percent forecast... so far Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros
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Newsletter 437 - 18/10/2024
PoliticsAndroulakis aims to build on new mandate as PM takes on far rightNikos Androulakis... of the smaller far-right parties, which tend to attack Mistotakis over issues such as migration and foreign.... Opinion polls carried out since June have confirmed that there is a significant far right current
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EC report notes economic imbalances and outlines remedies
Economyin the country’s economy and outlined ways in which these can be addressed. The in-depth review... Report, found a number of imbalances in the economy. The most significant of the macroeconomic imbalances... the country vulnerable to adverse shocks with potentially harmful implications for the real economy
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Tsipras launches attack on New Democracy as reactions to lockdown mount
PoliticsGreek Politicson the pandemic and the economy and accusing ministers and government officials of acting without... “aspirins” to the real economy. He claimed that only 10 billion euros made it to the real economy.... The government’s “biggest crime against the economy”, according to Tsipras, was the decimation
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Newsletter 295 - 07/05/2021
to two key sectors of the Greek economy: tourism and food service. Apart from being key employers... circumstances, contributes more than 1.5 billion euros to the national economy. Most of its sales..., as “troubling”. New Democracy will be hoping that the reopening of the economy, especially the tourism
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As SYRIZA looks towards centre, will New Democracy turn to its right?
PoliticsGreek Politicsprivatised by the coalition. He also talked up the importance of the private sector in the Greek economy... an investment shock to restart the economy,” Tsipras told Bloomberg in an interview on the same day...: to feel safe about the euro area and the prospects of the Greek economy and to see serious public
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Parties debate pandemic response as public approval deteriorates
PoliticsGreek Politicsresponse so far, stressing that despite a recent surge in cases Greece has maintained one of the lowest... figures on the economy to argue that Greece’s recession is in line with the European average, while... of the markets’ confidence in the Greek economy. The prime minister also defended his government’s record
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