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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomywas a rise of 1.5 percent. On a quarterly basis, Q2 dropped by 51.6 percent compared to Q1, which has.... Data from Bank of Greece capture the enormous challenge that Greece has faced on the tourism front since March. The travel balance up to June has essentially evaporated, dropping by 94 percent year
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Athens hopes for letup in Turkey friction, but talks still in balance
PoliticsForeign Policyissue under discussion. This is the framework,” he noted. Mitsotakis has so far avoided replying... to Greece’s armed forces over the next five years. Berlin-Washington Over recent days, Berlin has... a conflict. The ball is in Turkey’s court. Ankara has already said that it is ready for negotiations
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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek Politicsare on the rise, the opposition has also been under pressure to present concrete alternatives... of international institutions. “Even (ECB President) Lagarde has urged governments to spend,” he argued... that the country has latterly been afforded on the fiscal front, as well as the cash reserves
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Athens "Great Walk" plan scaled back amid criticism
PoliticsGreek PoliticsAn ambitious plan to pedestrianise large sections of Athens city centre has been scaled back... will not be carried forward, the mayor has already announced that he will be focussing on a redesign of Panepistimiou Street, one of the major avenues of the capital which has been the subject of several proposals
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsof the verdict, the court has been hearing arguments from the defendants’ legal terms prior... of their conviction and potentially running for political office has been used to whip up outrage in the media... has already made amendments to the penal code since coming to office, but did not attempt to change
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New Turkish NAVTEX undermines Greek-Turkish reconciliation efforts
PoliticsForeign Policyhas no intention despite the threat of sanctions from the European Union, of heeding recent calls... of the implementation of sanctions against an economy already facing problems has a great value.” The interview... at the European level, but also for Germany which has adopted the role of informal mediator between
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PM appoints new national security advisor as talks with Turkey hang in balance
PoliticsGreek Politicsopinion, and his resignation was not accepted by the PM. Dokos has distinguished academic career... talks, Turkey has once again sent an exploration vessel to survey on the Greek continental shelf...-partisan appointments, often in high-profile roles. In the past, he has picked cabinet ministers from
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Athens treads cautiously as Ankara keeps prodding in Aegean
PoliticsForeign Policythe possibility of re-starting exploratory talks has been lost for the time being. Cautious approach... leverage it has with Ankara, even if it appears minimal now. Athens recognizes this and did... for any “accident” or escalation of tension. Domestically, the government has dismissed SYRIZA’s demand
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PM unveils 50 more ICU beds as Covid-19 death toll passes 500
PoliticsGreek Politicspoint out that although the pandemic has been spreading since August and the number of people... withstand the pressure from Covid-19, which has been the issue uppermost on the Greek government’s... is aware that the handling of the Covid-19 threat is one of the few areas were public opinion has shifted
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politicsand small businesses, has been a cause of frustration to both borrowers and lenders, while in the aftermath... of repurchase. SYRIZA has already labelled the bill a “tombstone on primary residence protection,” and warned... too many opportunities to strategic defaulters. The Union of Judges and Prosecutors has called
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