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EconomyMacroeconomy
EC tweaks forecasts, sees 2023 growth at 1.2 pct The European Commission updated its estimates in the latest winter forecasts, essentially retaining the view it held in the autumn, seeing modest growth of 1.2 percent in 2023, after a rise of 5.5 percent in 2022.
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PoliticsGreek Politics
Questions posed about pace of absorption for RRF funds As the dust settled from this week’s forest fire on the outskirts of Athens, SYRIZA turned its attention to the government’s performance in absorbing funds from the European Union’s Covid response package, the Recovery and Resilience Facility.
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PoliticsGreek Politics
Concerns about RRF growing as deadlines loom There are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range of projects, while Bank of Greece governor Yannis Stournaras has urged the authorities to ensure that the money goes to the appropriate enterprises.
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PoliticsGreek Politics
Implementation snags hang over ambitious post-Covid recovery plans Greece’s national plan to allocate EU Recovery & Resilience funds is moving apace at the planning stage, but appears to be stumbling at implementation.
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PoliticsGreek Politics
Govt readies targeted support for energy bills in bid to contain cost of living crisis High energy prices continue to challenge the government’s fiscal planning going into the new year, as it works towards putting in place targeted measures to ease the pressure on households and small businesses.
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PoliticsGreek Politics
Covid spike forces change in govt plans, eclipsing deal with banks for rollout of RRF loans Greece recorded a record number of new Covid infections on Tuesday, forcing Prime Minister Kyriakos Mitsotakis to cut short a brief holiday in Epirus and the government to bring forward restrictions that were due to come into force on January 3.