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Govt waiting for arrival of vaccine to deliver some Covid-19 relief
PoliticsGreek Politicswill mark the beginning of the end for its coronavirus saga, which has drained New Democracy’s governing capacity but also eroded some of the electorate’s trust in the ruling conservatives. Greece.... It remains to be seen over the coming weeks whether the government’s hopes of breaking out
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek PoliticsDemocracy’s flagship pension reform policy, a growing pensions backlog and his involvement... technocrats. This marks a departure from Mitsotakis’s previous practice of appointing non-political... with North Macedonia, riling some communities with the government’s attempts to handle the immigration
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Epiphany crowds strengthen churchs's hand and intensify lockdown dilemma
PoliticsGreek Politics. Meanwhile, questions remain over the government’s approach to reopening schools and retail..., centrist voters. The government’s ambiguous stance, meanwhile, has allowed politicians on the right to present themselves of defenders of the church, with Greek Solution’s Kyriakos Velopoulos
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Retail turnover drops by 7.9 pct and volume by 6.9 pct in November
EconomyMacroeconomyGreece’s retail sales index decreased by 7.9 percent in November following a revised increase... month’s reading was the biggest decrease since April’s drop of 24.5 percent, and shows the impact of Greece’s renewed lockdown. The corresponding volume index fell by 6.9 percent after a revised increase
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Athens prepared to be patient after resumption of Greek-Turkish talks
PoliticsForeign Policybased on a statement made by Turkey’s Foreign Minister Mevlut Cavusoglu, who spoke...’s Ta Nea, Foreign Minister Nikos Dendias said that “these talks are not negotiations and do not have... Turkey, but this appears to be wishful thinking. Berlin seems to be convinced by Turkey’s recent
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Minister's clash with catering sector highlights pitfalls ahead as pandemic squeezes economy
PoliticsGreek Politicssector. Georgiadis Apart from being one of the Greek economy’s key employers, the catering sector has... a protest on February 10 and to hand over to the PM’s Office the keys to businesses that have been forced... employers during the Covid-19 crisis. Despite the minister’s efforts to douse the fire, the incident
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgrammeof the enhanced surveillance agreed at the end of Greece’s third adjustment programme back in the summer... adopted in December last year and the higher education law that was voted on this month. Greece’s so... the 7.5-billion-euro support portfolio that was included in this year’s budget. Based on the Commission's latest
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Retail turnover drops by 12.3 pct and volume by 11 pct in December
EconomyMacroeconomyGreece’s retail sales index decreased by 12.3 percent in December following a revised drop of 8.5 percent in November, Hellenic Statistical Authority data showed on Friday. The latest month’s reading was the biggest decrease since April’s drop of 24.5 percent, and shows the impact of Greece’s
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingof the mezzanine notes. The bank submitted an application last month for Vega’s inclusion in the Hercules Asset... the Vega and Phoenix transactions, Piraeus Bank’s NPE ratio will be reduced to 36 percent from 47.... The Tier 2 bond issue will bolster the bank’s capital adequacy by about 150 basis points
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New political clash over police violence, but ND seems unperturbed
PoliticsGreek Politicsfrom social media users who accused journalists of failing to investigate the police’s claims... over the government’s treatment of Koufodinas. It is clear that New Democracy believes the most..., SYRIZA also seems to revel in being able to question its rival’s democratic credentials and argue
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