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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
EconomyIn the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector. Despite the heavy economic contraction of 8.2 pct last year, the economy showed resilience
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Newsletter 298 - 28/05/2021
Political balance still favours ND Despite pandemic, government dominates as SYRIZA continues search for identity SYRIZA is continuing its search for a new role, which it has failed to find since its heavy election defeat in 2019, while New Democracy is aware that the paring back of economic relief
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Govt intent on making some relief measures permanent
PoliticsGreek Politicswill instantly forget its failed policies, including the heavy-handedness of the police during
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PM removes under-fire ministers from posts in late-summer reshuffle
PoliticsGreek Politicsfor opposition criticism, initially over police heavy-handedness but more recently over the coordination
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The case of SYRIZA's fiscal performance
Agora, favoring a rapid buildout of the social welfare states and heavy doses of demand expansion
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Zaev's departure leaves ties with North Macedonia in balance
PoliticsForeign PolicyThe European Union’s failure to offer the Western Balkans guarantees for full EU membership has had many victims. The latest is North Macedonia’s prime minister, Zoran Zaev. Following the heavy defeat of his Social Democratic party in the recent local elections, Zaev announced he will step down
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New Omicron measures met with exasperation by business and scepticism from opposition
PoliticsGreek Politicsmeasures that would impact next year’s budget or appear too heavy-handed in the eyes of the public
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Snow chaos puts government planning on the spot
PoliticsGreek PoliticsHeavy snowfall has brought Athens and several other parts of the country to a standstill, prompting questions about the disaster readiness of authorities despite several days of advance warnings. A severe weather front codenamed “Elpida” brought snow and ice to large parts of the country, including
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ND and SYRIZA exchange broadsides, KINAL catches some flak
PoliticsGreek Politicsto be an indirect reference to the heavy loss of life during wildfires and floods under the watch
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyas fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even
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