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New bonds drive up central government debt by 3 bln to 404.69 bln in Q2
EconomyMacroeconomy(GLF) bilateral loans attached to the first programme, which Greece has started repaying. An additional... bailout programme, which was signed in mid-summer 2015. Greece has also started repaying EFSF loans... years in Q3 2019 and has been falling since. The debt breakdown by residual maturity showed that long
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PM strikes public diplomacy coup with Zelensky visit, faces criticism over wildfires
PoliticsGreek Politicsin Parliament about the authorities’ response to the fires. The main opposition party has accused... has never been implemented, while just one million euros has been utilised out of a 178.5-million
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Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble
EconomyMacroeconomyin July, according to European Commission figures released on Wednesday. Sentiment has been improving... to -35.4, after a rise of 2.5 points in the previous month. Although the indicator has recovered from.... Since September last year, industry confidence has risen by 6.5 points. The services index saw
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SYRIZA leadership contenders enter final stretch, as ID cards become latest headache for govt
PoliticsGreek PoliticsProfessor Othon Iliopoulos, were to resign for any reason. Kasselakis has said that in the event... Androulakis was still an MEP. A Kasselakis win remains unlikely, given that he has already proven unpopular... It is the opposite end of the political spectrum that has been causing a bigger headache for the government
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Meeting of Greek, Turkish foreign ministers raises hopes for constructive dialogue
PoliticsForeign Policy– their dispute to the International Court of Justice. But, as history has shown, this will depend... of years, Ankara has also unilaterally put on the table air space issues, the demilitarisation... political atmosphere is conducive to a definitive resolution and that in Athens the government has
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Return to investment grade overshadowed by flood destruction
EconomyDemocracy would have wanted. Flood damage Thessaly is going through an unprecedented disaster that has claimed at least 15 lives and has caused a destruction of property, infrastructure and productive... that all productive capacity in the area has been lost, fields have become unworkable and animals
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Tax revenues continue to outperform in Aug, as ministry explains frugal approach
EconomyMacroeconomyperformance has some 1.8 billion euros, as the rest as related to timing and accounting handling..., the PIB balance landed at a deficit of roughly 3 billion euros. Greece has also received 1.72 billion euros from the RRF and has allocated the amount fully, with 450 million euros booked by August
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Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
EconomyMacroeconomysince early 2021. April was the first negative reading since February 2021. The index has also been... dropping by 2.8 points in the previous month. Since September last year, industry confidence has... a 1-point increase in July. Sentiment has been improving in nine of the last 10 months, essentially
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Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
EconomyMacroeconomymillion. Overall, the PIB balance landed at a deficit of roughly 3 billion euros. Greece has also... standards. It adds that there has been already a supplementary budget of 700 million euros spending right after the elections, the second supplementary budget that was tabled last week has 600 million
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PBO draws attention to effects of climate crisis on public finances
EconomyThe Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed..., suggesting that this should be reflected on retail prices. The current account has also narrowed.... It is noted that the state has to assume a more prominent role, also questioning whether the role
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