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Opposition dismisses PM's economic pledges as electioneering, keeps focus on surveillance
PoliticsGreek Politicsas a pre-election stunt, while signalling their intention to keep up the pressure to bring... elections, including speeding up negotiations for the increase of the minimum wage, and announcing a new... on investments would create more jobs for young people and push up salaries. He noted that youth
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Transparency concerns emerge among voters as leaders clash over wiretapping
PoliticsGreek Politicswhat SYRIZA believes is a cover-up operation to hide the responsibility of Mitsotakis and other... risen since the last poll in November. Backing for ND is up from 29.1 pct to 30.2, while SYRIZA’s... of transparency/corruption/waste of public money with 15.6 pct, up from 11.8 pct. This might provide
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Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Economyadministration takes office. But it was not an entirely remote prospect to have Fitch catch up with S&P... in Q3 2022. Fitch expects the Greek economy to grow by a very modest 0.9 pct in 2023 and up to 2.4.... Fitch notes development on the wage front, after seasonally adjusted wages in Q3 2022 went up by 7.3 pct
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Close of 2022 sees softer labour market, with 60,235 fewer jobs
EconomyMacroeconomyare up by 7,289 year-on-year, while voluntary exits are down by 7,661. Hires were up by 11,093 jobs... for full-time work came close to 48 percent. Part-time and shift work made up 41 percent and 11 percent
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomy, up from 2.94 percent a year ago. This pushed the spread up to the highest level in nearly 20 years... old, meeting certain income criteria, for properties up to 200,000 euros and 150 sq.m. in size.
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ND warns of fiscal risk from SYRIZA pledges as Tsipras takes heart from Cyprus polls
PoliticsGreek Politicsand tax cuts outlined by Alexis Tsipras at his rally in Peristeri last week adds up to 46 billion euros... abstention from parliamentary votes to pass a series of voter-pleasing measures in the run-up... of the result in Cyprus surprised many, most soundings in the run-up to the election placed Mavroyiannis
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Machinations intensify as announcement of election date approaches
PoliticsGreek Politicsof the signs that elections are just around the corner. The so-called “Market Pass”, providing subsidies for up... for such interventions in 2023, but since this year’s economic plan was drawn up, Mitsotakis unveiled the Market Pass... based on the result in the first vote. He also disparaged the idea of the runners-up in the first
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Govt looks to contain political fallout from crash, prepares change to poll plans
PoliticsGreek Politicsgovernment has found itself in a tight spot, although the nature of this tragedy may end up... has a longer-term objective to set up a parliamentary committee to investigate the failings... will be weighing up this political cost over the coming days as the first opinion polls after the tragedy
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Minister pledges swift resolution as public anger over rail crash mounts
PoliticsGreek Politicsthen outlined a series of pledges regarding the railways. They included speeding up the completion... that the work could proceed immediately. There were also pledges to speed up the hiring of staff... were filmed firing tear gas and stun grenades at a crowd of up to 10,000 protesters at Syntagma square
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Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pct
EconomyBankinghedging instruments, was up to 717.2 million euros in 2022, from 127.8 million in 2021. Operating... came to 16 percent in 2022. Adjusted Capital Adequacy came to 19 percent in 2022, up 290 basis year-on-year. The fully loaded Basel III CET1 ratio was 15.2 percent, up 250 basis points. In its results
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