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Govt faces fallout from hospital vaccine mandate, as school opening poses fresh challenges
PoliticsGreek Politics, as many reports note, are less strict than the previous year’s. Pupils will return to classrooms... to potential outbreaks, with intensive testing and contact-tracing rather than automatic suspension... to prioritise supporting refugees “close to the source of the problem, meaning close to Afghanistan”. The prime
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Greek fiscal deficits and debt since 2000
Agorathan the sum of the deficits. How did this happen? The short answer is that the rest of the world... write-off in history to date. Further, Greece was allowed to pay less interest than it would have..., keep being a problem in Greece. The government needs to resolve them as they are a mark of sloppy
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicspensions in 2023, by up to 5 pct, for the first time in more than a decade. Another increase... the opinion polls, which is that voters are more concerned about the cost-of-living crisis than... a potential problem with the subsidy scheme the authorities have devised for electricity bills since
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Nobody has less confidence in their government than the Greeks, OECD finds
SocietyThe Organization for Economic Cooperation and Development (OECD) has published its annual Government at a Glance report for 2013. The study includes some interesting data on Greece, particularly with regard to people’s plummeting trust in decision maker...
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Independent Greeks to go it alone rather than join grand right-wing alliance
PoliticsGreek PoliticsA few days after the prospect of an alliance between New Democracy and ultranationalist LAOS was floated, the possibility of even broader cooperation among right wing parties in Greece has been nipped in the bud. The anti-austerity Independent Greeks, l...
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomyGreece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT). The absolute figure showed the trade deficit in August fell to 1.23 billion euros, which is the...
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday. The headline figure for February indicates a new...
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Athens gears up for Cyprus talks, expecting progress rather than agreement
PoliticsForeign PolicyFollowing 19 months of intensive talks aiming to reunify Cyprus, the two Cypriot leaders are due to meet in Geneva on Monday at the beginning of a crucial week of negotiations on the issues of territory, security and guarantees. All sides are expressing...
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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek PoliticsExpectations are relatively low for Monday’s Eurogroup, with the most that can be expected being an initial agreement between Greece and the institutions on the basic elements needed in order for the review to be completed. Going into the meeting of the...
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankingNational Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece. The consideration of the t...
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