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Daily Archives: August 7, 2017

ELSTAT: Greece’s GDP shrunk by 26% since 2010, public debt surged

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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Greece to launch hydrocarbon tenders in Ionian Sea and Crete

Greece will soon launch two new international tenders for the concession of hydrocarbon exploration and exploitation rights in the Ionian Sea and Crete. The new tenders will be launched after applications submitted by the Total-ExxonMobil-Hellenic Petroleum consortium -which is interested for the sea regions southwest of Crete- and Energean Oil …

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Greece helps Merkel win the elections, accepts asylum-seekers returns

Migration Minister Yiannis Mouzalas has confirmed that Germany will start returning newly-arrived asylum seekers to Greece, effectively ending a five-year suspension of such transfers due to the poor conditions in the debt-hit country. In an interview with German public television station ARD show “Report Mainz,” due to be aired on …

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