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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politicsand small businesses, has been a cause of frustration to both borrowers and lenders, while in the aftermath... of repurchase. SYRIZA has already labelled the bill a “tombstone on primary residence protection,” and warned... too many opportunities to strategic defaulters. The Union of Judges and Prosecutors has called
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Pandemic takes heavy toll on Greek workers, study finds
EconomyFeaturesResearch from the General Confederation of Greek Workers (GSEE) has shown the burden... of unemployment, the average Greek worker has lost 47 percent of their income. The average monthly salary... impacted by the economic downturn caused by the pandemic, it is the lower salary bracket that has
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Health system feeling strain of Covid-19 second wave
PoliticsGreek Politicsbeen taken up, which means only 161, or 38 pct, are still available. In Thessaloniki, which has seen... are free. The government is hopeful that the lockdown has come just in time to prevent the health... service industry earn revenues in what has been a terrible year for these sectors, as well as many
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In negative territory for 12 straight months, industrial production drops by 2.4 pct in Sept
EconomyMacroeconomyrevealed on Monday. On a YoY basis, the index has remained consistently negative in the year so far and has not shown a positive reading since September 2019. Month-on-month (MoM), the index rose... confidence has fallen by 10.4 points. In addition, Markit’s PMI for October decreased to 48.7 points from
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ICU shortages provide opposition with fodder in political battle over Covid-19 strategy
PoliticsGreek Politicsin Parliament all the data it has regarding ICUs and hospital staff – a potentially embarrassing issue for New Democracy, which has so far fended off calls from the opposition for much higher health... the approval of the committee of scientists advising the authorities about their Covid-19 policy. SYRIZA has
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Second lockdown extension as Covid-19 infections remain high
PoliticsGreek Politicsand several of Greece’s northern regions, while a slight increase in recorded cases in Athens has.... The prospect of reopening any commercial activity has been greeted with consternation by frontline... to reopen on December 7. Meanwhile, the government has been emphasising the prospects opened up
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Covid-19 data prolongs wait for re-opening amid new clash over policing
PoliticsGreek Politicsfor the disease even though the lockdown has been in place for week longer there than the rest... the government has made so far is to allow 110 stores selling seasonal goods (Christmas decorations, etc.... The conservatives are also aware that the issue of policing ties in closely with the identity politics that has
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Industrial production drops by 3.7 percent in Oct
EconomyMacroeconomy) data revealed on Thursday. On a YoY basis, the index has remained consistently negative in the year so far apart from a negligible rise in July, and has not shown a positive reading since September 2019... at -12.4 points. Year-on-year, industry confidence has fallen by 5.6 points. In addition, Markit’s PMI
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Wages index up by 3 pct YoY in Q3 2020, declines by 1.5 pct QoQ
EconomyMacroeconomyhas been above the 100-point mark since Q1 of 2017, equal to 14 consecutive quarters. It has also... 109.1 in the previous quarter. Since its peak, the index has declined by a quarter on the back
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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... is expected to receive a first delivery of 300,000 vaccines on December 26. There has been speculation... has risen. It is also an indictment of the frequent, sometimes blunt and other times more subtle
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