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New Omicron measures met with exasperation by business and scepticism from opposition
PoliticsGreek PoliticsThessaloniki. In Athens, wastewater analysis indicates that the new variant accounts for up to 70 pct of new.... It is also becoming apparent, however, that the gradualist approach could be storing up its own... of an unmanageable burden on hospitals while driving up economic uncertainty, while the opposition hones
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Worsening goods balance pushes current account deficit to 2.52 bln in Nov, highest since 2011
EconomyMacroeconomyeuros in the eleven months, from 10.33 billion euros up to November 2020. The total goods deficit... 2020. In the aggregate period, there was a surplus of 639.6 million euros, from 3.3 million euros up..., from 2.18 billion euros up to November 2020.
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Newsletter 325 - 28/01/2022
as part of a bid to capitalize on the latest slip-up by New Democracy. The extreme weather, which saw... the last two years of 37.69 billion euros, which have pushed up the debt to 350 billion euros... relief measures of the last two years were only temporary and got the thumbs up due to the fiscal
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ND and SYRIZA exchange broadsides, KINAL catches some flak
PoliticsGreek Politics, the conservatives were able to accept that the state machinery did not live up to expectations during last week... will be challenged. It is no surprise, therefore, to see Mitsotakis step up the pressure on Androulakis... to separate his position more clearly, thereby opening up the centre-left party to cooperation on some
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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyand 2021 to prop up employment, in similar fashion and with comparable tools with other European.... The latest available quarterly figure is up to Q3 2021, where the rate is seen at 13 pct, aligned... then, and up to Q3 2021, employment has increased to 4.12 million, a rise of 638,400 more jobs. Busy
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Newsletter 329 - 25/02/2022
building up reserves at the LNG terminal at Revithoussa and increasing purchases via the newly completed... of the task was compounded in the hours following the report being published as Europe woke up on Thursday... primary balance up to 2060. In the DSA’s baseline scenario, Greek nominal GDP is seen growing on average
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Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
EconomyBanking). Out of the total, corporate loans came to 32 billion euros, up by 2.9 billion euros QoQ. Loans to non-financial corporations (NFCs) made up almost all corporate loans, at 31.95 billion euros. Within... and private non-profit institutions serviced by the CSFs rose to 36.04 billion euros, up by nearly
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Pressure intensifies on govt for more radical interventions in energy markets
PoliticsGreek Politicsprice adds up to additional annual costs of 7 billion euros, which must somehow be absorbed by consumers... space was roughly 1 billion euros and was taken up by 620 million euros allocated to cushion... on the pandemic has already driven debt up by 32 billion euros in 2021, taking the ratio to just over 200
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Strike acts as focal point for cost-of-living frustration despite higher energy subsidies
PoliticsGreek Politicsprices. The ministry has already used up to 250 million euros to lower VAT on coffee and transport... consumer. Wednesday’s strike served as a focal point for the opposition parties to step up... enough. It should also be noted that Crete is shaping up to be a battleground for the two opposition
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Much riding on EU approval of plan to cap energy prices
PoliticsGreek Politicsprice for consumers that had signed up for variable tariffs. The government is hoping that the new... – the highest such increase since 1994. Electricity was up 88.8 pct annually and natural gas shot up
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