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Mitsotakis clinches big majority in second election, but small parties could complicate matters
PoliticsGreek PoliticsKyriakos Mitsotakis was re-elected as Prime Minister with a convincing win on Sunday as his party kept up its impressive showing in the May 21 elections by taking an estimated 40.5 pct of the vote and winning a comfortable majority of seven seats in the 300-seat Greek Parliament, according
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Mitsotakis primes public opinion for potential compromise with Turkey
PoliticsGreek Politicsevasion is estimated at 8-10 billion euros annually and that half of this is deemed recoverable. Finally...In his first primetime domestic TV interview since winning re-election, Prime Minister Kyriakos Mitsotakis suggested that he is seeking a comprehensive settlement with Turkey on longstanding disputes
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New Democracy considers adjusting course after losses to right and centre
PoliticsGreek Politicsaccount for an estimated 10.5 pct of the conservatives’ losses. Overall, ND retained the lead among...New Democracy’s slump in the European Parliament election has set in motion a strategy rethink, with Prime Minister Kyriakos Mitsotakis tasked with winning back voters on the right and centre
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Greece said to eye exit plan with precautionary support but no new MoU
EconomyProgrammeeuros but the government reportedly estimates that more than 10 billion will still be available after... are projected to be covered either via new bond issues or repo transactions. These government’s estimates... are due after the completion of the current troika review. According to ministry estimates, if the 7.2
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyprevious estimates published on May 6. For 2015, OECD expects GDP to accelerate to 2.3 percent (from 1.9 percent before) and further to 3.3 percent in 2016. The OECD’s new estimates for 2014... for 2014 and 2015 respectively, 1-1.5pp better than its previous estimates. For 2016, the gg balance
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyestimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday. The released figure... estimates due to be released on August 28 will included more updated figures, including the June period. The flash estimates also displayed the year on year (YoY) GDP growth rate accelerated to 1.4 percent
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomya revision of the seniority premium. The OECD estimates that product and labour markets reforms... level. The organisation estimates that reforms implemented in 2010-2014 would have an impact of 5.6... percent in 2017. The OECD estimates inflation will resume as of this year with the harmonized index
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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomyof 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3... and gradual restoration of confidence. The BoG estimates growth of 10.8 and 12.1 percent... recovery of demand and the impact from the indirect taxes. BoG estimates that the impact of the rise
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyforecasts published on Thursday. As expected, the EC revised its GDP growth estimates downwards for 2017... at the same rate as in 2017 by 1.4 percent. Meanwhile, the EC upped its unemployment rate estimates...). Furthermore, the EC noted that its fiscal estimates do not incorporate the ongoing revenue administration
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyimpact of the recession and austerity measures. Its cost is estimated at 1.86 billion euros. The key interventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... security contributions with an estimated cost of 6.5 billion euros, which is the highest of the three
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