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Mitsotakis sets political tone for new term as well as unveiling policies
PoliticsGreek PoliticsApart from setting out the policies the new government intends to focus on over the next four years, Prime Minister Kyriakos Mitsotakis used his speech on Thursday, at the start of a three-day debate on his administration’s programme, to set the political and ideological tone for New Democracy’s second term in office.
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BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
EconomyMacroeconomyThe Bank of Greece published its latest monetary policy report, which re-affirms the growth outlook for this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations.
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Early goals set as new cabinet gets to grips with tasks for ND's second term
PoliticsGreek PoliticsThe new cabinet, chosen by Prime Minister Kyriakos Mitsotakis after his re-election on Sunday, is due to meet for the first time on Wednesday as the government looks to pick up where it left off in May and continue what the New Democracy leader has labelled the “transformation” of Greece.
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EC reports highlight tight fiscal path and economic challenges
EconomyMacroeconomyThe European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
EconomyIn the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.
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OECD sees recovery slowing, urges fiscal discipline
EconomyMacroeconomyOECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
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BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
EconomyMacroeconomyThe Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.
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Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
EconomyProgrammeGreece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.
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Relief measures being lined up, but PM's eye also on reforms rollout
PoliticsGreek PoliticsAlthough most of the focus will fall on what measures the government plans to unveil in the autumn to combat the cost-of-living crisis, reports suggest that Prime Minister Kyriakos Mitsotakis is also keen to promote his administration’s reformist credentials between now and the end of the year.
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Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
EconomyProgrammeThe final report linked to the reviews that formed part of the enhanced surveillance framework Greece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis.