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Deadly floods raise questions about ND's civil protection pledges as Covid-19 accelerates
PoliticsGreek Politicsembarrassment for the government. It argued that New Democracy’s pledges about ensuring the state... capable of putting on a show, with no substance. The opposition described Hardalias’s comments as “provocative.” It also blamed the regional authority, which is under ND’s control, of failing to conduct
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Grim picture in labour market obliges govt to provide more job support schemes
EconomyFeaturesfrom ELSTAT showed that unemployment hit 17 percent in May. However, ELSTAT’s figures exclude... an additional 125,796 unemployed. The Labour Ministry’s Ergani database showed that in the first... Commission’s Support to mitigate Unemployment Risks in an Emergency (SURE) programme. The Ministry
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingas a result of gains realisation from the bank’s Greek Government Bonds portfolio. Overall, trading...’s Loan to Deposit Ratio at the end of June 2020 declined to 96 percent, from 102 percent a year ago... stood at 14.6 percent compared to 14 percent in Q1. The bank’s Tangible Book Value at the end of June
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Unemployment rises to 18.3 pct in June
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 18.3 percent in June from an upward revised figure of 17.3 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed... at 28.6 percent, reflecting the region’s high dependency on tourism. ELSTAT noted that the pandemic
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomyGreece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock... and prudency as the ECB’s emergency measures, which are supporting borrowing costs now, will come... and social exclusion, both of which are expected to worsen because of the pandemic’s impact on the economy
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
EconomyStournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy. Stournaras also outlined the potential benefits from the EU’s response to the crisis through... recession in its previous estimate, to 7.5 pct. This is in line with the European Central Bank’s
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Heading for talks with Turkey, Athens sets expectations low
PoliticsGreek PoliticsEuropean Council summit, which is due to take place on October 1 and 2, following a postponement. Dendias’s... of New Democracy’s decision to enter into talks with Turkey without first securing any assurances from Ankara, be it on its future research activity in areas of Greece’s continental shelf or anything else
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Unemployment drops to 16.8 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.8 percent in July from a slightly downward revised figure of 18 percent in June, Hellenic Statistical Authority’s (ELSTAT) data showed... to the highest in the country at 20.9 percent, reflecting the region’s high dependency on tourism
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Athens, Ankara dally over date for talks as Maas prepares fresh visit
PoliticsForeign Policyexplain why there will be another visit by Germany’s Foreign Minister Heiko Maas to Nicosia, Athens... relations move forward. Maas’s visit could be seen as yet another effort to pave the way for talks... decided to freeze any talks on possible sanctions against Turkey until December’s EU Summit
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PM appoints new national security advisor as talks with Turkey hang in balance
PoliticsGreek Politicstank ELIAMEP. His appointment to the post, which had remained vacant since Diakopoulos’s resignation on August 19, is seen as doubly significant because Greece’s relationship with Turkey seems... the appointment as an example of Mitsotakis’s moderate broad-church approach to staffing key positions
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