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Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 16.3 percent in March from a revised 16.6 percent in February, according to Hellenic Statistical Authority’s (ELSTAT) data released... Ministry’s Ergani database for April showed the balance was positive with 81,942 more hirings than
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Labour bill vote fans climate of polarisation
PoliticsGreek Politicsis changing fast”. He used the same formula to attack centre-left KINAL, describing leader Fofi Gennimata’s... available for the 30-39 age group. SYRIZA’s Alexis Tsipras, who had described the original guidance... the government’s contempt for the younger generations. Fofi Gennimata accused the government
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Teachers threaten revolt over education bill as opposition gears up for summer confrontation
PoliticsGreek Politicsat Wednesday’s cabinet meeting. The draft legislation introduces performance appraisals for teachers... of teachers’ councils. In a statement responding to the plans, SYRIZA’s shadow education spokesman Nikos... they reopen in September”. SYRIZA The acceleration of ND’s legislative agenda, meanwhile, is providing grist
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesdebt collection. Since 2017 when the new setup became operational, Greece’s banks have completed over... of Italy’s doValue group, took over the management of 28 billion euros of NPLs by buying a majority stake in Eurobank’s internal collection unit Eurobank FPS in a deal concluded in June 2020
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Newsletter 303 - 02/07/2021
percentage point. To Vima indicated that The Finance Ministry’s assumptions that RRF and EU...). Of course, the public’s expectations have been tempered as a result of the impact Covid-19 has... on Thursday as they discussed how the funds that Greece is due to receive from the EU’s Recovery
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Flagship pension reform hits snag over transition cost
PoliticsGreek PoliticsGreece’s lenders regarding the cost of a transitioning to a new system for supplementary retirement... back to the drawing board and, as a result, has delayed the tabling of the bill in Parliament’s full... to vindicate ND’s rivals for pressing home this point. The creditors’ stance, which the government
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Athens waits to be convinced of Ankara's willingness to talk
PoliticsForeign Policyto the high-level meeting between Prime Minister Kyriakos Mitsotakis and Turkey’s President Recep Tayyip... to resolve the matter at The Hague and the second issue is subject to talks between Athens and Libya’s... of Greece’s agreements with Italy and Egypt. However, Greek diplomatic sources indicate Athens is still
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Growing Covid threat foils government's attempt to look ahead
PoliticsGreek PoliticsThe government’s efforts to look ahead to the second half of its four-year term and the recovery..., the Finance Ministry’s fiscal plan may have to be rewritten. Also, having such a key sector struggle so much right now obscures New Democracy’s efforts to focus attention on the RRF-fuelled growth
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PM relies on patchwork of measures to keep Covid at bay as jab uptake flags
PoliticsGreek PoliticsGreece’s tourism product thriving”. Twice-weekly Covid tests became compulsory this week... commentators, however, have criticised the government’s highly centralised approach, pointing... population, have yet to book a vaccination appointment, which would appear to put the government’s
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Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in May, from a revised 17.1 percent in April, according to the Hellenic Statistical Authority’s (ELSTAT) data released...’s figure, which stood at 3.37 million in May. Inactives peaked in the first quarter, hovering around
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