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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyto provide four months of continuous support. Finance Ministry officials let it be known via the media... spending in support measures and lower intakes in the form of VAT and eventually income tax. This situation has forced the authorities to earmark most of the total annual support budget of 7.5 billion
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Challenges piling up for govt as spokesperson departs
PoliticsGreek Politicsexpressed negative sentiments and 39% positive. This has had a notable impact on support for New Democracy... on this rough patch for ND. Support for the main opposition party remains unchanged at 24%. Movement... Party (KKE) on 4.5%, followed by radical left MeRA25 on 3.5%. The breakdown of support indicates
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Newsletter 279 - 05/03/2021
a notable impact on support for New Democracy, which has dropped by 3 percentage points since November... that SYRIZA has not been able to capitalise on this rough patch for ND. Support for the main opposition party remains unchanged at 24%. The breakdown of support indicates that New Democracy remains dominant
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PBO sees just 2.7% growth this year, warns about private debt
EconomyMacroeconomyto the baseline scenario, where an additional spending of 5 billion euros in support transfers will boost... in the form of support measures from transfers, or added investment spending from the state, assisted... of fiscal support to date, the PBO estimates on a cash basis total support so far at close to 25 billion
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Govt prepares new round of economic relief as Covid remains a threat
PoliticsGreek Politicseconomic support to make up for the longer than expected impact of Covid-19, even though the virus’s... Ministry had initially envisioned paying out in 2021 to support businesses and households. There will be a series of support initiatives in April. Some will be completely new, while others will consist
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EC revises growth estimate upward to 4.1 pct this year, 6 pct in 2022
EconomyMacroeconomyabruptly but will continue offering support to employment, that will keep the unemployment rate... deficit in 2021 at 10 pct of GDP. This is because aside from the necessary measures to support... and the lifting of travel restrictions. The solvency of firms once support measures are phased out is also
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Govt on alert for possible fallout from tapering of pandemic relief measures
PoliticsGreek Politics. The Finance Ministry is due to wrap up the relief drive with 2.5 billion euros of targeted support in June... for work furloughs and the package of support for tourism. The government also plans to introduce more... support package in the eurozone during the pandemic, its impact in terms of limiting the loss
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomy. At the time, the OECD had pointed out that the recovery could be stronger if the support package... into 2021. In the latest outlook it notes that the authorities doubled the planned support... in November. This consisted of a combination of measures that support incomes, guarantee schemes and loan
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KINAL launches leadership contest to settle internal disquiet ahead of elections
PoliticsGreek Politicsfor the loss of mass popular support and pledging to bring back the old logo and familiar green and white... support among those who argue that the party needs a reboot to return to centre stage once again. However, he will need to overcome the lack of name recognition, personal loyalties and strong support
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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomysupport packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft... in 2020 and 2021, 11.6 and 15.6 billion euros respectively of support measures with direct fiscal impact. For 2022 the support package is significantly reduced to just 2.9 billion euros. The public
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