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Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
EconomyMacroeconomy0.6-point drop in May, according to European Commission figures released on Thursday. Sentiment has... in the previous month. Although the indicator has recovered from the previous low of -57.9 of October... points, from 17.1 points, in April. Services confidence has improved by roughly 19 points
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Tsipras resignation opens up debate about SYRIZA's future
PoliticsGreek Politicshaving taken himself out of the running, speculation has begun over who might be likely to succeed him... has emerged in recent days is Dionysis Temponeras, who stepped in to help revitalise the party’s... to the endorsement of jailed ex-Golden Dawn MP Ilias Kasidiaris. In the past days it has emerged
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MPs return to work, Mitsotakis seeks to bolster hold on centre
PoliticsGreek Politicswill begin on Thursday and will culminate in a vote of confidence on Saturday. New Democracy has 158... for his party. One of the main ways in which Mitsotakis has achieved this support is by presenting... cadre and labour lawyer Dionysis Temponeras, who has caught the eye with his public appearances over
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Spotlight falls on public hirings as PM pledges more health staff
PoliticsGreek Politics. Mitsotakis has said improving Greece’s health service is a priority for him in his second term after... unfettered. The government spokesman responded by suggesting that “politically, whatever had to be said has..., SYRIZA has failed to make any inroads over this issue and it is questionable whether the public
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Mitsotakis meeting with Erdogan paves way for more meaningful Greek-Turkish talks
PoliticsForeign Policysides pledging to build on the momentum that has been created. Erdogan was the protagonist of the NATO... as on its stance on the Cyprus issue. Erdogan is well aware of this. The EU has promised to assess... ground in areas where there is room for cooperation which has not been sufficiently explored, like
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Economic sentiment indicators inch up again in July
EconomyMacroeconomy, according to European Commission figures released on Friday. Sentiment has been improving in seven... in the previous month. Although the indicator has recovered from the previous low of -57.9... at the start of the year. Services confidence has improved by roughly 13 points on the rolling 12-month
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PM heads to Egypt with eye on broader movements in East Med
PoliticsForeign Policyin the Eastern Mediterranean, particularly Egypt and Israel. Turkey has been seeking since the end of 2020..., Cypriot President Nikos Christodoulides has already proposed that the EU play a more active role... of cooperation, both with Israel and Egypt as the East Med has become once again the center of energy-driven
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Stress tests not proving stressful for Greek banks any longer
EconomyBankingconfirmed that the Greek banking sector has left behind the tumultuous period that followed the debt.... They were led by NBG, which has a CET1 ratio of 16.8 pct as a starting point. In the adverse scenario, it has a 234-basis points depletion and a CET1 at 14.5 pct by 2025. The CET1 in the baseline
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SYRIZA inches towards electing new leader, keeps up attacks on government
PoliticsGreek Politics, as the government continues to be battered by events. The main opposition party has just launched... extraordinary congress. The party has decided that supporters who are not yet SYRIZA members will be able... as it has been used over recent years by New Democracy and PASOK when they were electing new leaders
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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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