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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeaturesto a new study, but the low number of arrivals this year could shave off a tenth of national output this year. An analysis by the Greek Tourism Confederation (INSETE), which looked at the contribution of tourism to the Greek economy in 2019, showed that tourism revenues rose by 13.6 percent or 2.36
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Mitsotakis seeks to appease farmers as they sow grievances on streets of Athens
PoliticsGreek Politicsby investigative news website Solomon found evidence to suggest that the Greek authorities did not act... and exposed systemic flaws in the management of agricultural support. Samaras threat The Greek... perfect, but certainly better than it was.” Officials believe that reinforcing this narrative is key
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New Democracy losing grip on regions as farmers’ protests highlight rural frustration
PoliticsGreek Politicsthe prime minister a “fugitive” on the run from a “perfect storm” of his own creation, while New Left... by ultranationalists Greek Solution and nativists Voice of Reason, both of which enjoy significant... of the voting intentions, double the support for second party PASOK, which is stuck at 12 pct. Greek
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Greece's foreign policy trap
Agorabeen stretched to the limit by the ramming of a Greek coast guard vessel by a Turkish boat off the Imia islets in the Aegean and the capture of two Greek soldiers that crossed the Evros border between...All eyes are on the Greek coalition’s bid to exit the country’s third bailout in August, allowing
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Clock ticking on Greek and EU reaction to Turkish activity in East Med
PoliticsForeign Policypreparation and come back to the topic” as far as the East Med is concerned. The Greek government is annoyed... with Italy and Egypt, which delineate sea boundaries. However, New Democracy was knocked off course... deems its continental shelf, there would be a forceful reaction from the Greek side. The inference
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Nightmare on Democracy Street
Agoraof the Greek crisis entered a new, uncertain and dangerous phase. After years of mounting attacks... for the ruptures now appearing in Greek society. Division has been at the heart of Greek history, dating back... frayed by the years, these loose ends still brush tormentingly against the collective Greek conscience
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingIn the overview of the Greek financial system that was published late on Thursday, the Bank... governor Yiannis Stournaras has been active recently in presenting the aspects of the plan to Greek... Stability Fund (HFSF). The Greek Finance Ministry and HFSF are also working on a NPE management
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S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
Economyconservative than the Greek government’s forecast. The new rating is also supported by the low cost of debt... NPEs and additional actions to improve the Greek judiciary’s efficiency. The rating agency sees... incentives for Greek policy makers to continue the reform path via debt relief and continuation of ECB’s
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek Politics. The other potential risk for the Greek prime minister is that a seemingly minor issue...-economic issue. As we pointed out earlier this week, the noticeable increase in refugee arrivals
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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammeThe Greek government was given the clearest indication yet on Monday that its European lenders may... budget in Greek Parliament. The plan submitted in Athens contained two scenarios regarding the pension... be a possibility of the Greek government avoiding the measure, this was the first time that a representative
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