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Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
EconomyMacroeconomyfurther into investment grade and Moody’s granted the investment grade in mid-March, with all rating agencies now having Greece in this category. Fitch notes Greece’s strong fiscal performance.... This performance exceeded Fitch’s expectations and is stronger than the ‘BBB’ median deficit of 3.7
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Fringe opposition parties up stakes in Tempe inquiry clash
PoliticsGreek Politicsthis issue, but could also play into the government’s hands given that it now has an opening to label... added significance for SYRIZA because it looks to have undermined the leftist party’s efforts... leader Stefanos Kasselakis’s Movement for Democracy to provide additional support. However
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New Democracy rejigs key party posts as Spartiates expulsion leaves gap in Parliament
PoliticsGreek Politicsfor campaigning purposes. He is expected to be formally proposed by the PM’s office this week and confirmed by the party’s political committee on Monday. The new party secretary is expected to start touring... applies strictly only to the party’s frontman Vasslis Stigas and two other MPs challenged in a private
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ND doubles down on stricter migration policy, riling opponents
PoliticsGreek Politicsabout the Greek government’s plan to suspend asylum applications. “The right to seek asylum... and one of the most prominent members of New Democracy’s right wing, suggested... juncture in his second term in office. The situation is complicated by the fact that Greece’s relations
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Firefighting capabilities beefed up as blazes and water shortages weigh on government
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis said on Friday that Greece’s defences against wildfires have.... Mitsotakis unveiled the delivery of 164 new vehicles for Greece’s fire service. The upgrade...’s firefighting capabilities. Mitsotakis said that apart from the enhanced equipment
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Deteriorating ties with Libya become pressing challenge for Greek diplomacy
PoliticsForeign Policyto the diplomatic notes from Libya’s Tripoli-based government, the Greek government believes the move... a few hours after Gerapetritis’s return from Tripoli, when a new map was published by the Libyan... when the Libyan National Oil Company granted Turkey’s TPAO energy firm permits for offshore
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Wildfires and healthcare failings test government over summer season
PoliticsGreek Politicsinfrastructure. This week is shaping up to be the worst since the start of this year’s wildfire... city of Patra in western Greece a major children’s hospital was evacuated overnight as the fire... to the figures provided by the EU’s Copernicus satellite system, which estimates that 22,916 hectares have
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8 percent in July, from 8.5... last year, the unemployment rate was 9.8 percent. ELSTAT postponed last month’s labour force survey...-digit rate is Greece’s lowest since November 2008, when it was below the 8-percent mark at 7.7
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OPEKEPE scandal remains sore point for government despite wayward inquiry
PoliticsGreek Politics. Compounding the risk was the reliance on third-party platforms since the organization’s inception... pressed for unfettered cooperation with EPPO. Salatas’s accusations strike at the heart of the inquiry’s... livelihoods across the countryside. The European Commission’s warning, demanding an improved action
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Government faces pushback on labour law amid lukewarm response to tax cuts
PoliticsGreek Politicsof workers’ unions GSEE has called for entire sections of the government’s latest reform bill... compared to the EU average of 1,571 hours. According to GSEE’s figures, 97 percent of workers would... undermining the government’s own initiatives to tackle the demographic crisis by making it harder
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