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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politicsto manage the considerable fiscal impact of the support measures it has announced and the downturn... space it has, until extra funds flow from Brussels, with providing support to an increasingly broad... lower than in April, which SYRIZA has edged up by a meagre 0.2 points. This may indicate that some
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomy(AIA), the number of international passengers arriving has also fallen dramatically. According... time, concern has been growing over the number of imported coronavirus cases that Greece’s trickle..., confirming that there has been a steady increase in numbers this month compared to June. Thirty
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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingby 34 pct in the 2017-2019 period, however the ratio has only modestly dropped from 49 pct to 41... with troubled balance sheets. Regulatory policies and corporate governance: In the case of Greece, this has... has taken the form of sales of bad loans in the volume of 17.4 billion and handing over 30 billion
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PM forms panel to come up with strategy for use of EU recovery funds
PoliticsGreek PoliticsKyriakos Mitsotakis has announced the formation of a government committee to work on Greece’s... of the national plans is October 15. Athens has access to up to 38 billion euros from the Multiannual... has identified these funds as being vital not only to cushioning the impact from the coronavirus
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Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern
PoliticsGreek PoliticsGreece’s public health strategy earlier in the year, but who has been mostly in the background over... to convey the seriousness of the situation. Mitsotakis has decided that these calls will take place three... some time to discuss the details of the new bankruptcy code that Athens has committed to adopting
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Deadly floods raise questions about ND's civil protection pledges as Covid-19 accelerates
PoliticsGreek PoliticsAs it scrambles to deal with the rising number of Covid-19 cases, the government has come under... and accountability. These have been common themes throughout the years, regardless of the party that has... with 54. It should be noted that the number of patients who have been intubated has risen to 22
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Greece expects evidence of Turkish willingness to talk as Maas visits Athens, Ankara
PoliticsForeign Policythe Greek continental shelf has made Maas’s mission even more difficult. In response to the move by Ankara... has no genuine interest in starting talks with Athens, government sources claimed. The Greek.... At the same time, Athens is preparing for all eventualities. It has set as a red line
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PM seeks fine balance as he prepares to unveil latest set of fiscal measures
PoliticsGreek Politicsbusinesses. New Democracy has insisted that it will not go down the same route as previous... of Covid-19 has overshadowed this process and many Greek businesses that are suffering are calling... sector. One advantage the Finance Ministry has in its calculations so far is that it does not need
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More fires at Moria add to pressure for effective response to asylum crisis
PoliticsGreek Politicsexpected that more cases will be confirmed. The accompanying track-and-trace programme has also been... management as “predominantly a European problem”, while claiming that “Greece has already lifted a far... for Lesvos, something that so far Athens has not done. There have reportedly been several direct offers
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Wages index up by 3.8 pct YoY in Q2 2020
EconomyMacroeconomy. The index in Q2 came to 109.9 compared to 106.8 in Q1. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to 13 consecutive quarters. It has also stayed above... in the previous quarter. Since its peak, the index has declined by a quarter on the back of the negative impact
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