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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingare expected to remain frozen until 2021 due to the heavy impact the pandemic has had on this sector... has been the last of Greece’s systemic banks to make use of the mechanism. Eurobank was the first..., which as mentioned is already active and has been taken up by all four systemic banks.
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Pandemic takes heavy toll on Greek workers, study finds
EconomyFeaturesResearch from the General Confederation of Greek Workers (GSEE) has shown the burden... of unemployment, the average Greek worker has lost 47 percent of their income. The average monthly salary... impacted by the economic downturn caused by the pandemic, it is the lower salary bracket that has
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Health system feeling strain of Covid-19 second wave
PoliticsGreek Politicsbeen taken up, which means only 161, or 38 pct, are still available. In Thessaloniki, which has seen... are free. The government is hopeful that the lockdown has come just in time to prevent the health... service industry earn revenues in what has been a terrible year for these sectors, as well as many
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Athens hopes Biden will spur change in policy, curbing Ergodan
PoliticsForeign PolicyThe election of Joe Biden as the 46th US President has fired up expectations in Athens..., the smooth approach of Germany towards Turkey has failed,” he said. “I am not pleased using... have tried to calm down the Turks and this has not worked. The sailing of Oruc Reis clearly proves
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammethe necessary focus on more immediate challenges, the Commission notes that the Greek government has stepped... the pandemic-induced delays. Other areas where progress has been observed include in the fiscal and structural... Greece has a total allocation of 32 billion euros and could have positive impact in the growth outlook
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Second lockdown extension as Covid-19 infections remain high
PoliticsGreek Politicsand several of Greece’s northern regions, while a slight increase in recorded cases in Athens has.... The prospect of reopening any commercial activity has been greeted with consternation by frontline... to reopen on December 7. Meanwhile, the government has been emphasising the prospects opened up
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Covid-19 data prolongs wait for re-opening amid new clash over policing
PoliticsGreek Politicsfor the disease even though the lockdown has been in place for week longer there than the rest... the government has made so far is to allow 110 stores selling seasonal goods (Christmas decorations, etc.... The conservatives are also aware that the issue of policing ties in closely with the identity politics that has
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Wages index up by 3 pct YoY in Q3 2020, declines by 1.5 pct QoQ
EconomyMacroeconomyhas been above the 100-point mark since Q1 of 2017, equal to 14 consecutive quarters. It has also... 109.1 in the previous quarter. Since its peak, the index has declined by a quarter on the back
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Govt's campus police proposals face further pushback as protests against education bill go ahead
PoliticsGreek Politicssecurity to Parliament in attempt to influence what has become a sterile debate focused..., an offhand remark by Deputy Education Minister Angelos Syrigos has inflamed opposition to the legislation...’s efforts to present the measure as one intended to improve the quality of campus life, as it has
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Athens prepared to be patient after resumption of Greek-Turkish talks
PoliticsForeign Policythe tension that has afflicted Greek-Turkish relations over several months. There is a public debate in Greece... talks. In his interview, Dendias stressed that “Greece… has no reason to fear any dialogue based..., Greece has every reason to continue supporting its European perspectives. At the end, it is Turkey
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