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Newsletter 494 - 13/02/2026
90), and a single six‑year presidential term (Article 30), alongside new fiscal stability.... With the government’s full constitutional package set to land in March, just as PASOK holds its congress
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PM unveils 300 mln support package, pairing economic relief with major defence upgrade
PoliticsGreek Politics. Prime Minister Kyriakos Mitsotakis outlined a set of four interventions aimed at absorbing the impact... for single‑parent families. The scheme is expected to cover 75–80 pct of vehicle owners at a cost of 130
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Our cruel summer
Agoraferry as it was about to set sail from Piraeus to Crete. CCTV footage shows he was confronted by several...” or “Pakistani” to be used liberally as a catch-all description for anyone deemed to be inferior or dispensable
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Is Democratic Left set to make a shock return to Greece's coalition?
PoliticsGreek PoliticsWhen Democratic Left quit the coalition government in June, the possibility of the small centre-left party bridging its differences with New Democracy and PASOK seemed impossible. Suddenly, though, some kind of reconciliation – a return to the governmen...
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Unemployment hit new high of 27.8 pct in October, set to rise further
EconomyMacroeconomyGreece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 p...
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
SocietyThere was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from 7.3 percent in the third quarter of 2008 to the recent record high of 27.8 percent in the first quarter of 2014. There is less of a fuss these days, thou...
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
EconomyGreek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit. The new legal framework has to be approved by the Eur...
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
EconomyIn its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans. On the key issue of the European Central Bank’s compreh...
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First Greek presidential vote to set tempo for final ballot on Dec 29
PoliticsGreek PoliticsThe first round of the presidential ballot on Wednesday evening (7 p.m. Greek time) is unlikely to provide any clear indications about whether the current Greek Parliament will manage to elect a new head of state by the final vote on December 29. The go...
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Varoufakis outlines contours of debt deal as haircut set aside
PoliticsGreek PoliticsThe outlines of what the new Greek government is aiming to ask of its eurozone partners in terms of debt relief emerged on Monday evening, when Finance Minister Yanis Varoufakis spoke to the Financial Times after meeting with British Chancellor George O...
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