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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek PoliticsCommission’s plan for a Covid-19 recovery fund and has indicated to the local media that the funds available will more than make up for the damage the pandemic has inflicted on the Greek economy.... The sector towards which much of the attention has turned is tourism, after the government announced
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Greece issues new 10 yr bond as investor appetite returns
Economyof Tuesday’s issue. The yield achieved in the new 2030 GGB is the lowest that Greece has achieved... and cover funding needs to support the economy after the pandemic crisis which has led to an overall... Tuesday’s transaction that takes the issues to date at 7.5 billion euros, the PDMA has essentially
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Leaders clash over economy as PM looks on bright side of Eurogroup assessment
PoliticsGreek PoliticsAs it has been for the past few weeks, the economy proved to be the main political battleground... Mitsotakis. “That is our main philosophical difference,” he added, repeating a theme that New Democracy has... to supporting the recovery.” “The support of the EU and the trust that Greece has gained in Europe
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Wages index up by 0.8 pct in Q1 2020
EconomyMacroeconomyAuthority (ELSTAT) figures revealed on Tuesday. The annual index has returned to positive territory..., the index has been above the 100-point mark since Q1 of 2017, equal to 12 consecutive quarters. It has also... in the previous quarter. Since its peak, the index has declined by a quarter on the back
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Novartis scandal causes allegations between govt and opposition to fly
PoliticsGreek Politicscharges against him emerging from the Swissleaks case. The dialogue, which has been described as “explosive” by government sources, and a partial transcript of which has been released to the press... recovering lost tax revenues was a national priority. SYRIZA, meanwhile, has been trying to draw attention
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ND tweaking stimulus measures as SYRIZA flounders in Novartis backwash
PoliticsGreek Politics. The SYRIZA leader has tried to keep himself out of the matter as much as possible, which some observers have taken as a sign that he is frustrated with his close ally. All Tsipras has had to say... underhand tactics in association with the conservatives’ allies in the media. SYRIZA has chosen instead
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ND forced to compromise over demonstration bill, feeding SYRIZA's claims
PoliticsGreek PoliticsThe government has been forced to make changes to the bill aimed at regulating street... to New Democracy, which has repeatedly rebuffed SYRIZA’s attempts to label it as having tendencies... behind a thin veneer of liberalism. The recent furore over the handouts to local media outlets has
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Court ruling on pension backpay creates dilemma for PM
PoliticsGreek Politics-called Katrougalos pension reform in May 2016. The ruling has cleared once and for all the matter... into a sum of 3.9 billion euros. The government has already indicated it will abide by the court’s... carefully on the backpay matter to avoid disappointing voters even though his focus so far has
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Contribution made by privatisations to GDP since 2010 underlined in new study
EconomyFeaturesGreece’s Foundation for Economic and Industrial research (IOBE) has presented a new study which... leads to positive effects on employment and budget revenues and has a broad multiplier effect on GDP... of revenue coming from the container piers. IOBE said that the privatisation of PPA has already led
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Athens waits for EU recovery fund outcome as new Mati fire claims emerge
PoliticsGreek PoliticsCouncil president Charles Michel has proposed reducing the total of grants included in the 750-billion... are seen vital to boosting the Greek economy over the coming years, especially given the government has... to the economy from 59 different interventions so far has reached 24 billion euros. Cash reserves stand
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