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Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
EconomyProgrammeThe Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government... in what will be one of the largest investments in Greece. What remains is for the casino license
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Over one in five Greeks struggled to make ends meet in 2017
SocietyNew data from Eurostat has revealed that over one in five Greeks is classed as severely materially deprived and were unable to make ends meet in 2017. Severe material deprivation is defined as being... equivalent) regularly, taking a one week holiday away from home and owning a TV, washing machine, car
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Despite recent improvement, more than half of Greeks unable to afford one-week holiday
Societyresidents of all ages who made at least one trip came to 4.8 million and the number of trips to 7.9... at least one trip for personal purposes was seen in those aged 45-64 where an increase of 5.7 percent
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DBRS ups Greece's rating one notch further into investment grade
EconomyOn Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive. After Scope Ratings in December, DBRS is the latest agency to take Greece further into investment grade, with Moody’s remaining the only one yet
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Fresh accusations against NGOs as govt hardens stance on migration
PoliticsGreek Politicsproving that NGOs were helping to transport Somali refugees to Turkey, paying for their visas... were also shown video testimony purporting to be from Somali migrants, who said they were told
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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politics, where she is replacing one of the few other female ministers, Domna Michailidou, who had only been put in charge of the portfolio in January. Theodoros Livanios, one of the youngest members... at a range of ministries. One potentially significant change announced on Friday by Mitsotakis
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Waiting for Godot in Greece
Agorapiece of European literature. As the government of Prime Minister Antonis Samaras awaits... politician or piece of structural reform obligation is responsible for this endless conundrum. While... of emails, frequent telephone hotlines and video conferencing. One wonders why face-to-face interaction
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicsand even then it can only be put towards one-off measures, not those of a permanent fiscal nature
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Only one in 10 jobless Greeks receiving unemployment benefits
SocietyOnly one in ten of the registered unemployed in Greece are in receipt of any kind of unemployment assistance, according to new figures released by the state jobs agency OAED. According to data for the month of March, a total of 1,057,350 were registered as jobless, which represented a slight
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S&P lowers Greek long-term rating by one notch to CCC-
EconomyS&P lowered on Monday Greece’s long-term rating by one notch to ‘CCC-‘ from ‘CCC’ with negative outlook. Greece’s rating by S&P is now the lowest among the rating agencies with Fitch’s rating at ‘CCC’ and Moody’s at ‘Caa2’, which is equivalent to ‘CCC’. Based on the S&P sovereign calendar, the next
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