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PM presents warship, mutual defence deal with France as game changer
PoliticsGreek PoliticsThe media spotlight on Tuesday fell on the agreement between Greece and France for Athens to buy French-made warships in what is being presented by the Greek government as a revamping of the country... as bolstering Greece’s navy. “The decision to arm the Greek fleet with modern French frigates has
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Impact of pandemic, lockdowns reflected in lower household spending during 2020
SocietyThe household budget survey published on Wednesday by ELSTAT captures the effect that the pandemic and the lockdown restrictions had on Greek household spending in 2020. The average annual household... by 53.8 pct, with the obvious footprint of the great Greek crisis and the slow recovery over
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IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
EconomyMacroeconomydown the forecast in Spring to 3.8 pct growth. Last October’s estimate also had Greek GDP dropping.... Overall, the IMF is now in line with the estimates of the Greek authorities, as captured in the draft
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ND presents united front at anniversary event, but factional tensions lurk
PoliticsGreek Politicsto the ongoing tensions with Turkey, as well as the perceived threat of migration flows across the Greek... barbs for the doubters of the Greek-French defence pact on the opposition benches. Mitsotakis’s most
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Govt hints at more relief, as economy and inflation jostle with pandemic as top public concerns
PoliticsGreek Politicsprice was around 100 euros per MWh”, he said. “It has now exceeded 200 euros”. Greek consumers currently... pct. The growth in support for far-right Greek Solution from 4.2 pct to 5.2 pct can be seen
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PM makes new bid to address Covid wave, speculation about restrictions
PoliticsGreek Politicsagain the difficulties that Greek hospitals are having in dealing with the influx of patients who... longer to overcome than Greek authorities initially anticipated. Opposition response SYRIZA discounted
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Parties at loggerheads over inquiry into media handouts
PoliticsGreek PoliticsSYRIZA’s bid to put New Democracy on the spot over the Covid awareness campaign that saw a variety of Greek media outlets receive more than 40 million euros in total has been partially blocked... well with part of the Greek public and the opposition sensed an opportunity through the inquiry
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingconsistently raising the issue of the quality of capital of Greek banks and had proposed a solution to deal... at the end of last year. BoG concludes that to recover, the Greek economy requires a strong banking system
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Greece takes next steps, including bond swap, to enhance debt profile over coming years
EconomyMacroeconomyThis week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years. The Greek authorities have for some time been trying to convince... that the full repayment closes a difficult period for the Greek people and the country’s economy
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PM seeks to leave ICU controversy behind as Tsipras ups stakes with snap election call
PoliticsGreek Politicsof the Greek public is not convinced that ND is doing all that it can to strengthen public healthcare... take part in parliamentary debates as he is a member of the European Parliament, not the Greek one
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