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Covid-19 fears start to wane as concerns about economic impact grow
PoliticsGreek Politicssupporters and nine in 10 Movement for Change (KINAL) voters. SYRIZA’s performance garnered...’s efforts to wrestle back the initiative from ND, although, as the latest Pulse poll suggests, there is a very long way to go before Alexis Tsipras’s party can be considered a threat to Kyriakos
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Gloomy preliminary results for Aegean as state support talk gathers pace
EconomyFeaturesGreece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1... advantage that such bailouts give state carriers. The company’s CEO Michael O’Leary said in an April letter to EU’s Competition Commissioner Margrethe Vestager that the EU would be forced
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Govt pushes tourism message, digests EU stimulus proposal
PoliticsGreek PoliticsMitsotakis held an interview with Bild newspaper to highlight Greece’s readiness to welcome visitors... that can be salvaged from the country’s most important industry, the less money his government... tourists from Greece’s neighbours to the north to drive in for their holidays, particularly in northern
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Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points... a worsening of 3.5 points. Consumer confidence is the lowest it’s been since February 2019 when a reading... confidence has fallen by 15.2 points. Industry confidence is currently at the lowest it’s been since
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ECB boost for Greek debt as authorities ponder new market foray
Economyand the upgrade by Fitch to just two notches from investment grade. Even before Thursday’s announcement.... The average maturity of the ECB’s Greek purchases is just short of eight years. Based on Greece’s capital... the move, fearing negative publicity domestically as the ESM was the lender for Greece’s recent bailout
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Rise in new Covid-19 cases raises alarm on eve of reopening to tourism
PoliticsGreek Politicson routes out of Athens at levels comparable to last year’s, suggesting that any numbing effect..., the National Public Health Authority, EODY, which is in charge of managing the government’s pandemic... launched a campaign to attract tourists, seeking to build on Greece’s reputation as a “safe” country after
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Greek-Italian sea borders, EEZ pact ties up loose end but also carries wider significance
PoliticsForeign PolicyMediterranean that overlap with the Greek continental shelf. “In combination with Turkey’s hostile rhetoric, these actions are indisputable proof of Turkey’s destabilising role,” Dendias said... noted that one of Greece’s priorities is the delimitation of the EZZ with Egypt. “After Italy, our
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Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 14.4 percent in March from a downward revised reading of 15.9 percent in February, Hellenic Statistical Authority’s (ELSTAT) data showed..., the unemployment rate came to 18.1 percent. The current month’s reading is the lowest since November 2010, when
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgrammewas to enhance the ESM’s ability as an institution to deal with future crises, strengthen policy decision... to inclusive growth, and lacked long-term economic outlook.” The ESM’s evaluation report comes... a “business-friendly economic environment and the Greek economy’s resilience to shocks.” The efforts
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Visit to Cairo underlines Greek aims to reach maritime deal with Egypt
PoliticsForeign PolicyForeign Minister Nikos Dendias’s visit to Egypt on Thursday was designed to display the political..., the Greek foreign minister was also received by Egypt’s president, Abdel Fattah el-Sisi. Greece has been... to explain to the Egyptian political class and the country’s citizens the problems that Turkey has been
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