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Island unrest puts PM in tough spot
PoliticsGreek Politicsof compromise in the near future. New Democracy’s relationship with the local governor has also been... of the detention centres and has shunned the government’s efforts to find common ground. Things came to a head... even worse for New Democracy. It will now be very difficult for Mitsotakis’s administration
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Athens on diplomatic drive to secure support over migration flare-up
PoliticsForeign Policypermanent UN Security Council members. He is also due to host Austria’s European Affairs Minister... Mitropoulos. And on Tuesday it was announced that, Mitsotakis’s aide, Thanassis Bakolas, will become the PM’s new senior adviser for EU and US affairs, to be based in Brussels.
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Mitsotakis enjoys growing popular backing at home, as efforts intensify to defuse border crisis
PoliticsGreek Politicsthe government’s handling of the crisis. According to the survey, the government has increased its lead... they agreed with Mitsotakis’s decision to close the borders, while 81 percent say they want to see... on Turkey’s implementation of the terms of a deal on migration. Meanwhile, Greek PM Kyriakos
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 899 million euros in January, down by 475 million euros compared to the same period last year, according to the Finance Ministry’s (MoF... million) and state budget (-5 million). Tax refunds account for the lion’s share of arrears at 30.1
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Industrial production declines by 1.2 pct in January
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped by 1.2 percent in year-on-year (YoY) in January compared to a downward revised drop of 4.2 percent in December according to Hellenic Statistical... confidence has risen by 5.7 points. Additionally, Markit’s PMI showed that Greece’s manufacturing PMI
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PM makes slowing spread of coronavirus his main goal
PoliticsGreek PoliticsIn the coming days, as the number of cases and deaths are likely to rise, the government’s process... under even greater scrutiny. On Wednesday night, Greece’s Civil Protection Authority sent out.... The government’s hope will be that the advance of the virus can be slowed down and that the situation
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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek Politicsobserving a disappointing level of public response. Thursday’s decision to close cafes, bars, restaurants... is expected to be announced later in the week following Monday’s Eurogroup teleconference, which... and Stability Pact, which could see Greece’s primary surplus targets lowered, and the ability to divert
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Current account shows deficit of 1.29 bln in January
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.29 billion euros in January, from... by 108.4 million euros or 9.2 percent year-on-year (YoY). According to the BoG, January’s performance... a surplus of 80.2 million, rising against last year’s figure of 63.1 million. Travel receipts came
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
EconomyThe Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which... and capital goods will have a negative impact on Greece’s production, which relies on those imports... economy. Zero growth Incorporating all those shocks in BoG’s forecast model leads to a new baseline
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E-commerce businesses report drop in sales due to Covid-19
EconomyFeaturesin disposable income and fears of a recession triggered by the virus’s impact. The survey... turnover from the Hellenic Statistical Authority (ELSTAT) showed that Greece’s retail sales index... as the coronavirus epidemic continues to impact the economy more widely. The Bank of Greece said in its governer’s
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