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PoliticsGreek Politics
EU deal appears promising for Greece, but success rides on efficient use of funds Prime Minister Kyriakos Mitsotakis has applauded the compromise reached in Brussels over the Multiannual Financial Framework (MFF) and the Next Generation EU recovery package totalling 1.82 billion euros, of which Greece could receive more than 70 billion.
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PoliticsGreek Politics
Increase in Covid-19 cases prompts tighter measures amid opposition criticism The Greek government has tightened emergency measures after a surge in Covid-19 cases raised fears of an early second wave of the pandemic.
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Economy
BoG highlights how Covid-19 compounds legacy issues and structural challenges The Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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EconomyProgramme
ESM report highlights programme weaknesses, outlines improvements for future bailouts The European Stability Mechanism published on Thursday, along with its 2019 annual report, an independent evaluation of the Greek bailout programmes.
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EconomyProgramme
Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review The European Commission published on Wednesday the sixth report of the post-programme surveillance framework, paving the way for Greece to benefit from another round of debt relief measures.
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EconomyProgramme
Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space The fifth post-programme surveillance review was completed on Friday following three days of talks between the Greek authorities and the heads of the institutions in Athens that were preceded by a week of discussions with the technical teams during the previous week.
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Economy
Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020 Fitch upgraded Greece’s credit rating on Friday by one notch to ‘BB’ and revised upwards its outlook to positive, bringing the country just two notches away from investment grade.
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Economy BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020 The Bank of Greece (BoG) submitted to Parliament on Friday its interim monetary policy report for 2019 in which it outlines a range of areas that Greek authorities should take encouragement from, while stressing others that require focus and pose challenges in the near and longer terms future.
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PoliticsGreek Politics
PM aims to maintain pace of economic reforms as public worries about migration The tax bill submitted to Parliament this week, the pension bill due in the coming days and the draft legislation for the overhaul of the Public Power Corporation (PPC) topped the agenda of Thursday’s cabinet meeting, where Prime Minister Kyriakos Mitsotakis urged his ministers to keep up the pace set since New Democracy came to power in July.
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PoliticsGreek Politics
New asylum strategy to centre on relocation to closed camps, enhanced border protection A new asylum strategy was announced by the government in Athens yesterday, aimed at decongesting the Aegean islands of up to 37,000 migrants and refugees who have been stranded there awaiting processing of their asylum applications.