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University exam results stir political differences as entrance numbers drop
PoliticsGreek Politicsfor universities, raising the standing and value of their courses. Kerameus said that the government’s... route. SYRIZA, though, slammed Friday’s developments. Opposition leader Alexis Tsipras spoke... or towards bleak futures. SYRIZA sees the government’s stance as being fuelled by the personal
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Opposition to vaccines hardens, revealing deep rift in public attitudes
PoliticsGreek Politicsphotograph showed a demonstrator holding aloft a book with the photograph of Greece’s late dictator... population as the government’s stance becomes progressively stricter. Vaccination divide A survey conducted... among the public. They also suggest that the government’s forceful approach to boosting vaccination
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New cabinet meets with focus on fire fallout, policy roadmap
PoliticsGreek Politicswith the appointment of former Tourism Minister Haris Theoharis as one of New Democracy’s four parliamentary... by this summer’s wildfires. New Democracy hopes that if it can display efficiency in these tasks... on an examination of satellite imagery a staggering 16 pct of the capital’s forest land (18,600) hectares
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GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second... to support the pandemic hit economy. Outlook According to the MoF’s latest estimates included in the Medium... this year’s growth at 4.2 pct, followed by a 5.3 pct rise in 2022. The latest European Commission
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CPI up by 1.9 pct in Aug for highest reading in almost a decade
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its rise in August, when it increased by 1.9 pct year.... Month-on-month, the CPI for August fell marginally by 0.1 percent. Up until May’s reading... 12 months. Last December’s 2.3 percent drop surpasses the previous lowest reading of -2.2 percent
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PM announces extensive measures to build on recovery, counter inflation and put govt on track
PoliticsGreek Politicssceptical about the main opposition party. Mitsotakis attempted to heighten these concerns in Sunday’s... pave the way for SYRIZA to seek cooperation with Yanis Varoufakis’s radical left MeRA25, thereby rekindling thoughts of Alexis Tsipras’s highly troubled first year in office in 2015. However
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Banks moving at pace on road to recovery
EconomyBankingdropped to 21.3 pct. Based on the business plans presented by Greece’s systemic lenders... million euros with notable success. Alpha’s issue was twice oversubscribed, attracting strong... of Greek banks. On Monday Moody’s also upgraded the long-term deposit rating of all banks
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August sees first negative hirings balance of year
EconomyMacroeconomyGreece’s employment balance in August turned negative as there were 9,875 more departures than hirings, from a positive balance of 24,395 in July, according to data from the Labour Ministry’s Ergani... by 265,130, improving by 149,483 jobs year-on-year, capturing the base effect of last year’s first lockdown
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ND walks tightrope with 2022 budget, looks for answer to inflation
PoliticsGreek PoliticsGreece’s economic prospects and the impact on households from spiralling prices are dominating... reportedly been revised down to 4.5 pct in the draft budget. Next year’s budget will be a political... (2023). The Finance Ministry’s main goal next year will be to reduce the primary deficit substantially
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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomyand secondary sovereign debt markets. This was largely thanks to its participation in the ECB’s asset... further to just above 190 pct. Based on the latest official debt maturity table presented in last year’s... euros and the repayment of the GLF loan is a regular 2.65 billion annually up to 2039. Greece’s debt
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