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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomyFollowing two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a...
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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek PoliticsThe markets’ reaction to conflict in Ukraine has sent the government in search of additional policy tools to shield consumers from galloping inflation. On Wednesday EUROSTAT released its inflation figures for February, including a reading of 6.3 pct for...
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Tsipras on alert for snap elections, but Mitsotakis looks set to stay course
PoliticsGreek PoliticsSYRIZA leader Alexis Tsipras has suggested that Prime Minister Kyriakos Mitsotakis could call snap elections early next year, several months before the government’s four-year term expires, but the chances of such a move appear slim for the time being. T...
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Leaders set out priorities, survey suggests many voters open to coalition
PoliticsGreek PoliticsKyriakos Mitsotakis has announced what appears to be his last handout on the path to the May 21 elections, while his rival Alexis Tsipras focusses on creating a more friendly environment for homeowners should SYRIZA come to power. A new opinion poll ind...
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Parties hope to set tone as they start unveiling election candidates
PoliticsGreek PoliticsThe main parties have begun announcing their candidates for the upcoming national vote, with ruling New Democracy stressing that it is putting many young hopefuls, who are first-timers in Greek politics, up for election. Announcing the candidates, who a...
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Early goals set as new cabinet gets to grips with tasks for ND's second term
PoliticsGreek PoliticsThe new cabinet, chosen by Prime Minister Kyriakos Mitsotakis after his re-election on Sunday, is due to meet for the first time on Wednesday as the government looks to pick up where it left off in May and continue what the New Democracy leader has labe...
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Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered...
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Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024
PoliticsGreek PoliticsHaving reaffirmed his government’s commitment to reforming and modernising Greece in his New Year message, the pressure is on Prime Minister Kyriakos Mitsotakis to show that New Democracy can deliver on this pledge during 2024 and maintain the political...
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Close to 32 mln visitors by Nov as 11-month travel receipts set record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was 3.9 percent higher than the 198.5 million euros registere...
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Strong set of 2024 fiscal data provides space for voter-friendly handout package
EconomyMacroeconomyELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support ...
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