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Mitsotakis makes bid to dissuade farmers from continuing their protests
PoliticsGreek Politicsobjections to the bill, as well as Mitsotakis’s tilt towards the political centre, clear... out his thoughts. Two of them argued that the government’s bid to pass legislation allowing... put forward by Education Minister Kyriakos Pierrakakis is unconstitutional. However, at Monday’s
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Catering and retail contribute to worst employment balance on record in Jan
EconomyMacroeconomyGreece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year saw 27,611 more departures, a year-on-year deterioration of 4,386 jobs, making this year’s
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Podcast - SYRIZA embraces the chaos
Agorafor progressive governance - LSE Hellenic Observatory Greece’s New Political Star Is a TikTok Creation - Wired He’s Gone From Miami, to Celebrity, to Upending Greek Politics - New York Times Greece’s main
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Newsletter 415 - 08/03/2024
was doomed to fail at this stage, confirming the dominance of New Democracy and Mitsotakis’s control over... for unplanned spending.MacroeconomyCharts of the weekGDP Greece’s GDP barely moved in the final... increased by 1.9 pct. This took the annual GDP growth for 2023 to 2 pct. Unemployment Greece’s
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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingsheet clean-up, the NPE ratio reached 6 percent in 2023, from 7.8 percent in 2022. The Group’s NPE cash... sheet The Group’s net loans amounted to 36.2 billion euros in 2023, from 38.7 billion euros in 2022..., from 11.9 percent in 2022. The bank’s Total Capital Ratio stood at 20.7 percent, from 14.9 percent
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Jan current account in surplus, trade balance worsens as exports drop again
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25... government, which is associated with an inflow from the reallocation of the Eurosystem’s monetary income.... The travel balance showed a surplus of 112.6 million euros, from last year’s figure of 54.6 million
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Newsletter 418 - 29/03/2024
because they were close aides, but also because it undermined the government’s argument... of the weekEconomic sentiment Greece’s economic sentiment had a solid rebound in March, rising to 108.4..., with the corporate lending balance’s net monthly flow positive by 924 million euros, after a drop of 2.51
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Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
EconomyMacroeconomyGreece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year... in the previous month. The volume’s monthly movement was down by 5.8 percent. Compared to January 2023..., Greece’s economic sentiment (ESI) recovered strongly to 108.4 points in March, from 104.9 points
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Unemployment increases MoM in Feb, rising to 11 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate moved further away from the 10 percent... was 10.3 percent. The latest available data from the Labour Ministry’s Ergani database showed that Greece’s employment balance turned positive in February, with 24,543 more hires than departures
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BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
EconomyMacroeconomygovernor’s report for 2023 in which it sees progress on several fronts, notably securing... that see growth in Greece above 2 pct, though below the finance ministry’s 2.9 pct growth estimate... for complacency. The BoG argues that Greece’s credit rating is well below the rest of the eurozone
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