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S&P holds off on new rating upgrade, ECB holds key to investment grade
Economynotch during the pandemic, moving it up to ‘Ba3’ in November last year, one notch behind the other two... infections that will have a material effect on GDP contraction and will push up the debt ratio. All... debt, combined with the impact of the pandemic that had pushed Greek yields up and nobody wanted
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Minister discounts lockdowns, vaccine mandate extension amid Covid surge
PoliticsGreek Politicsto divide larger contracts up into smaller units in order to get around size limits on direct awards. Up until March 2021, public authorities were permitted by law to award contracts directly for sums up to 20,000 euros, however a new framework taking effect on March 9 raised the ceiling to 30,000
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Newsletter 314 - 29/10/2021
on Monday following a recent relapse that forced her to give up plans to stand for re-election... is swallowed up by the re-emergence of bipartisan politics in Greece, only with New Democracy... proceed, Greek banks continue to build up their capital bases and meet regulatory requirements through
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Pandemic and pushback rows spark political clashes
PoliticsGreek Politicsat the moment for SYRIZA to make itself relevant again in the build-up to the next elections. In his.... The incident received wide coverage in the domestic media, with many government-friendly outlets picking up... in accordance with European regulations, and waiting for the Turkish coast guard to come and pick them up
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Govt pleads with firms to absorb inflation as surveillance claims prompt calls for accountability
PoliticsGreek Politicsgrowth by “getting caught up in a vicious cycle of inflationary expectations”. The call comes as the government plans to revise its official growth forecast up from 6.1 pct to just shy of 7 pct. However... in the first ten months of the year, while borrowing has driven the debt ratio up to the region of 200 pct
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SYRIZA presses for answers on hospitals amid mounting Covid deaths
PoliticsGreek Politicson its strategy for handling the pandemic, as the daily figures suggest no let-up in the spread... that the situation there continues to worsen, with waiting lists building up for ICU beds, and numerous... and other unofficial sources. The issues of the death rate and hospital shortages have been taken up
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Surprise handout announcement provokes storm of criticism from opposition
PoliticsGreek Politicsangry reactions from the opposition parties, who deemed the measures inadequate and hastily drawn-up... the measures already taken to cushion high energy prices, which add up to 680 million euros. The prime minister... to announce two successive increases to its emergency energy subsidy in order to keep up with escalating
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Latest EC review clears path towards end of enhanced surveillance process in 2022
EconomyProgrammethe transfer of SMP and ANFA profits and the waiver of the step-up interest margin by the EFSF... and there are challenges in catching up with delays in catching up in other areas, mostly linked
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MEP Androulakis takes first round in KINAL leadership vote after notable turnout
PoliticsGreek Politicsis certainly a wake-up call for Prime Minister Kyriakos Mitsotakis and SYRIZA leader Alexis Tsipras... Androulakis. It will be a tall order for the former party leader to make up this gap and overtake the younger candidate in the run-off ballot. He is expected to pick up votes from supporters who backed
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Govt stands firm on 'no lockdown' message, pins hopes on vaccination surge
PoliticsGreek Politicshigh infection rates in northern Greece. Prime Minister Kyriakos Mitsotakis, meanwhile, talked up... of doses administered on Monday were back up to the levels seen last spring, with over 120,000 shots... of vaccinating 250,000. The decision to speed up the administration of booster doses was attributed
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