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Athens struggles with civil service evaluation, reduction of arrears
EconomyProgrammerepeated meetings with government officials. Last year, the participation of ministry staff stood... evaluation process in the coming days. Another issue that involves government officials racing to meet
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomywas better than anticipated by the government and other official institutions, though it is subject... of services plunged 55.4 percent. Τhe latest figures from the Bank of Greece for December showed that travel... in Q4 was largely driven by a 31.8 percent increase in exports of goods and services and a 3.6 percent
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Health service in spotlight as govt scrabbles for more measures to contain Covid
PoliticsGreek Politicsofficials found to have jumped the vaccination queue. Furthermore, the inability to get the virus
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CPI falls at a slower pace of 0.5 pct in February
EconomyMacroeconomythe 1-percent mark. The official forecasts from the Finance Ministry and the European Commission call...Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop... May 2012 by 0.5 percent in February. In addition, services index marginally increased by 0.1 percent
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Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
EconomyMacroeconomyin the preceding months. According to the BoG, October’s performance reflects a decline in the services surplus... deficit of 2.05 billion euros on the back of a much-improved oil balance. The services balance came... to offset the precipitous fall in the services balance that is worse off by 13.57 billion euros. The total
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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingand they remain senior to shareholders. In the eurozone the guidance remains that MREL target will have... with such bonds. Piraeus AT1 trades at circa 75 cents and Alpha Bank’s at 82 cents. Piraeus has two MREL senior bonds of 500 and 350 million euros respectively, issued within the MREL context, Eurobank
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Political world unites behind victims of sex abuse, but remains divided over policing proposals
PoliticsGreek Politicssports official has brought unanimous support from the country’s political world and calls... in a magazine interview with a description of an incident in which a senior official in the sailing... of the outcry, Mitsotakis’s party, New Democracy, announced that it was suspending the official accused
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PM sets out case for third term, surveys global landscape and talks up constitutional reform
PoliticsGreek Politicsthe fast‑track visa scheme and open communication channels that allow rapid de‑escalation when... on private universities to ministerial liability and civil‑service permanence — the interview recast.... PASOK also rejected the government’s narrative on civil service permanence, accusing ND
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Newsletter 307 - 10/09/2021
to appoint an official from outside New Democracy. The unusual nature of the appointment also makes it a high-risk one as Stylianides, who is being given fast-track Greek citizenship, will be an easy... by the official inflation data. In August, the CPI rose by 1.9 pct, a number not seen since April 2012. The food
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Does the EU Commission suffer from optimism bias? (Part 2)
Agoraan aspirational growth scenario as the baseline in official EU documents carries risks. It risks..., Fast and Slow,” the psychologist Daniel Kahneman explains that human beings are often “not rational..., or “Fast Thinking,” based on instincts and emotion. System 1 has evolved for survival and immediate
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