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Greece expects evidence of Turkish willingness to talk as Maas visits Athens, Ankara
PoliticsForeign Policythe Greek continental shelf has made Maas’s mission even more difficult. In response to the move by Ankara... has no genuine interest in starting talks with Athens, government sources claimed. The Greek.... At the same time, Athens is preparing for all eventualities. It has set as a red line
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PM seeks fine balance as he prepares to unveil latest set of fiscal measures
PoliticsGreek Politicsbusinesses. New Democracy has insisted that it will not go down the same route as previous... of Covid-19 has overshadowed this process and many Greek businesses that are suffering are calling... sector. One advantage the Finance Ministry has in its calculations so far is that it does not need
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More fires at Moria add to pressure for effective response to asylum crisis
PoliticsGreek Politicsexpected that more cases will be confirmed. The accompanying track-and-trace programme has also been... management as “predominantly a European problem”, while claiming that “Greece has already lifted a far... for Lesvos, something that so far Athens has not done. There have reportedly been several direct offers
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Wages index up by 3.8 pct YoY in Q2 2020
EconomyMacroeconomy. The index in Q2 came to 109.9 compared to 106.8 in Q1. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to 13 consecutive quarters. It has also stayed above... in the previous quarter. Since its peak, the index has declined by a quarter on the back of the negative impact
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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomywas a rise of 1.5 percent. On a quarterly basis, Q2 dropped by 51.6 percent compared to Q1, which has.... Data from Bank of Greece capture the enormous challenge that Greece has faced on the tourism front since March. The travel balance up to June has essentially evaporated, dropping by 94 percent year
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VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU
EconomyFeaturesThe European Commission's VAT Gap report has revealed that the European Union lost an estimated 140... states has improved marginally in recent years. However, figures for 2020 forecast a reversal... percent), and Austria (+0.5 percent). The VAT gap in Greece has remained consistently high. In 2015
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Athens hopes for letup in Turkey friction, but talks still in balance
PoliticsForeign Policyissue under discussion. This is the framework,” he noted. Mitsotakis has so far avoided replying... to Greece’s armed forces over the next five years. Berlin-Washington Over recent days, Berlin has... a conflict. The ball is in Turkey’s court. Ankara has already said that it is ready for negotiations
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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek Politicsare on the rise, the opposition has also been under pressure to present concrete alternatives... of international institutions. “Even (ECB President) Lagarde has urged governments to spend,” he argued... that the country has latterly been afforded on the fiscal front, as well as the cash reserves
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Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
EconomyProgrammeas this review, just like the previous one, acknowledges that the pandemic has placed enormous... behind certain commitments and timeframes. The report draws attention to the fact that Greece has... before the end of 2022. The fiscal situation has deteriorated since the last review as the authorities
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Athens "Great Walk" plan scaled back amid criticism
PoliticsGreek PoliticsAn ambitious plan to pedestrianise large sections of Athens city centre has been scaled back... will not be carried forward, the mayor has already announced that he will be focussing on a redesign of Panepistimiou Street, one of the major avenues of the capital which has been the subject of several proposals
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