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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomyarea’s GDP is expected to contract by 9.1 percent. Under a double-hit scenario, the contraction
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgrammethat the “overall objective of the Greek programmes was to preserve the integrity of the euro area
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Release of refugees creates new difficulties for minister
PoliticsGreek Politicsthe possibility of hundreds of migrants ending up on the streets, particularly in his area
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Visit to Cairo underlines Greek aims to reach maritime deal with Egypt
PoliticsForeign Policyto seek delimitation with Egypt in the area disputed by the Turkish-Libyan memorandum. Any
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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomy. Overall, the Commission had to downward revise its estimates for the euro area and EU, with eurozone
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyarea. In addition, up to 41 percent of respondents said that they planned not to take any type
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Development model questioned again amid reaction to luxury resort go-ahead
PoliticsGreek Politicsbrings a new model of value-added development to the area, pointing to the heavy investment
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Newsletter 258 -07/17/2020
to 853 permits. The corresponding surface area fell by 21.8 percent while volume fell by 18.7 percent
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBanking, the ratio will stand at 25 pct, compared to 2.7 in the EU and 3.2 in the euro area. On top
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Greece on alert over Turkish maritime plans, senses EU backing
PoliticsForeign Policyconditions do not allow surveys in the area. Some others also point to developments in Libya, which
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