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Storm fallout sweeps PM to crucial juncture early in second term
PoliticsGreek Politicscarried out, underlining that New Democracy has entered its fifth consecutive year in power. SYRIZA... at a crucial juncture. It has been suggested that his decision to make mostly political appointments to his cabinet this summer has backfired and that over the last four years not enough has been done
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammein 2018, around 2 billion euros remained unpaid at the end of December. The Finance Ministry has argued..., the privatisation fund, HRADF, has submitted an Asset Development Plan and is hiring technical... concession. Perhaps, the key issue that has to be addressed is the framework that will replace
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
SocietyThe percentage of Greek citizens living in extreme poverty increased from 2.2 to 15 percent... in Greece has found. The study, commissioned by Athens-based think tank Dianeosis and conducted... living in Athens and paying rent or a mortgage. While no more than 2.2 percent of the population lived
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Newsletter 271 -30/10/2020
with the upcoming emergency EU summit on Thursday on the subject of the pandemic. A political row has... challenges has been how to reposition himself and his party politically so that they can appear... Democracy last summer out of frustration. Opinion polls suggest that he has made little or no progress
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Greek banks in intensive care: What lies ahead?
AgoraAmong the measures the Greek government has committed to legislate by July 22, according.... This means that equity has to absorb losses in full. After shares, losses are evenly imposed...-in on liabilities amounts to 16.3 billion (equity plus preference shares plus subordinated and senior debt minus
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Coalition sees key targets met in debt deal but opposition has holes to pick
PoliticsGreek Politicsthat the coalition met one of its key targets, which has not always been the case during its negotiations... sustainable, allowing the country to return to the markets. “Greece is turning a page. It has all... of 2.2 percent of GDP between 2023 and 2060 was a “tough demand.” “The Greek government will never
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyhas prevailed in the Greek banking market. The loan balance has dropped by more than 25 percent amid... this 6-year period has been posted by consumer credit (-30.8 percent), followed by housing (-24.7.... The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Retail index fell by 2.2 pct in Feb but trend improving
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 2.2 percent year on year (YoY) in February... volume has retreated 31 percent since 2009 with only one positive reading in November 2013. The latter... of that month. In an effort to support retail sales, the government has also legislated a second interim
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Wages index up by 2.2 pct in Q2 for ninth straight increase
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index rose by 2.2 percent year-on-year (YoY) in the second... in Q1. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to nine consecutive quarters. It has also stayed above the 105-point mark for four consecutive
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Newsletter 269 -16/10/2020
on Turkey by crossing what Ankara has described as a “red line”. The government was quick to rebuff... at a time of its choosing. The response underlines the position that the government has carved out.... On the domestic scene, Mitsotakis’s failure to persuade the EU to announce sanctions at the previous summit has
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