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Latest lockdown tweaks prompt opposition backlash
PoliticsGreek Politicsof the government’s reluctance to impose more measures on place of employment and public transport... in favour of a lighter-touch approach. Already in the run-up to Wendesday’s briefing, senior... “a lockdown within a lockdown”. The government’s decision to resort to tweaking is a tacit acknowledgement
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Unemployment drops to 15.8 pct in December, lowest since February
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 15.8 percent in December from 16.2 percent in November, Hellenic Statistical Authority’s (ELSTAT) data showed on Wednesday. For the same... available data from the Labour Ministry’s Ergani database for January showed the balance was positive
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Relaxation of lockdown considered despite worrying Covid data
PoliticsGreek Politicscommittee advising the government, which is due to meet on Friday. Policing The government’s... officers use excessive force, while 67% said they do not trust the police’s internal investigation... was criticised at the time by his political opponents for not condemning the police’s earlier behaviour
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PBO sees just 2.7% growth this year, warns about private debt
EconomyMacroeconomyParliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020... for this year in Greece, Although the Finance Ministry’s estimates for 4.8 pct growth from the final budget... that all GDP variables are in recovery mode from last year’s shock, and they are heading towards the pre
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Alpha Bank posts net profit of 103.7 mln in 2020
EconomyBankingstable QoQ at 11.9 billion euros, reflecting the full utilization of the bank’s TLTRO III borrowing allowance. The Group’s gross loans amounted to 49.1 billion. Loan balances in Greece increased 800.... The fully loaded total CET 1 stood at 14.8 percent, up 20 basis points QoQ. The bank’s Total Capital
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Amid virus gloom, govt lines up support for catering and targets swift upturn
PoliticsGreek Politicsthe country’s health system. Speaking in Parliament on Friday, the New Democracy leader said that home... for questioning the motivation behind the government’s decision to launch a free, mass self-test... of Greece’s top employers. In reality, ND is probably fully aware that the initiative will act
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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
EconomyIn the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking... of Deferred Tax Credits (DTCs) in the banks’ regulatory capital will only rise further. Greece’s
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Current account deficit narrows to 840.3 mln in Feb as imports drop
EconomyMacroeconomyshowed a deficit of 1.15 billion euros, meaning that the month’s deficit improved by 314.3 million euros year-on-year (YoY). According to the BoG, February’s performance is due to an improvement... account showed a surplus of 1.08 billion, improving by 96.9 percent YoY. The secondary income account’s
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Mitsotakis attempts to clarify plans for post-Easter reopening
PoliticsGreek Politics, was a vindication of the government’s gradual reopening strategy, pointing to a gradual decline... on hospitals. One unexpected announcement contained in the PM’s address pertained to the vaccination... of Mitsotakis’s address, noting that the measures mirror their own proposals and amount to an acknowledgement
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Slide in press freedom rankings casts spotlight on govt relations with media
PoliticsGreek PoliticsThe Greek government’s media policies have come under the spotlight again as the country appeared... party made reference to the government’s pandemic information campaign, which SYRIZA claimed was used... directions too. Over the weekend, right-wing newspaper Dimokratia questioned the government’s priorities
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