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Athens Stock Exchange records -6% losses in two-day sell off

The new markets- and business-friendly Greek government could not persuade of the effectiveness of its pre-election promises and the Athens Stock Exchange landed rough on the terrain of the Greek economic realities. In just two days, the General Index recorded losses of -6%. The session on Tuesday closed with -4.28% …

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PM Kyriakos Mitsotakis: The names of the cabinet ministers

Government spokesman Stelios Petsas announced the new Cabinet of Prime Minister Kyriakos Mitsotakis on Monday evening. The members of the new cabinet will be sworn in at 12:00 noon on Tuesday in the presidential palace. This will be followed by handovers at individual ministries. According to news agency amna, the …

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Spanish PM Sanchez to represent Tsipras at crucial EU top jobs meeting

Prime Minister Alexis Tsipras had to leave the European Council Summit in Brussels and return to Greece due to his obligations less than a week before the general elections on Sunday, July 7. “We are close but not there yet,” he told reporter commenting on whether European leaders had reached …

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Greece’s next Parliament may emerge with six or seven parties, in new composition

A six- or seven-party Parliament is expected to emerge after the general elections in Greece on July 7th, even if with different composition than after the last elections. This is the prediction based on public opinion polls just a week before the elections. According to the poll, New Democracy still …

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Tsipras’ new girl friend makes the Greek internet melt

“My new girl friend,” wrote Prime Minister Alexis Tsipras on his instagram account and had the Greek internet melt. The Prime Minister with a tiny, fluffy something in his arms? He had his fans puzzle on whether the puppy is the new member of his family or it belongs to …

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Government blocks hikes in Attiki Odos toll fees due as of July 1

The outgoing Greek government issued a legislative order essentially forbidding a planned increase in the toll fees in the greater Athens area’s sole tollway Attiki Odos. The government order followed a a recommendation by Transportation Minister Christos Spirtzis. The government cited what it called “defense of public interests and the …

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New Democracy leads with 2-digit figures in public opinion polls

Greece’s main opposition party, conservative New Democracy (ND) continues lead in public opinion polls and with with a double-digit difference to ruling, left-wing SYRIZA. According to the latest poll conducted by Marc on behalf of private ANT1 TV: ND 34.3% SYRIZA 23.8% KINAL/PASOK 6.6% KKE 5% Golden Dawn 3.2% Two …

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New Democracy plans child benefits for “Greek children only!”

The child benefits conservative New Democracy plans for when it emerges to power from the 7. July elections will be for “Greek children only!” This was revealed by Kosntantinos Kyranakis, ND candidate in Athens and co-founder of BrainGain.gr and close aide of leader Kyriakos Mitsotakis. “We really want to make …

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Greek Public Power Company PPC at risk of “sudden death”, stocks -17.32%

Shares of Greece’s Public Power Corporation PPC plunged and recorded losses of -17.32 with the stock price at 1.728 at the end of Athens Stock Exchange session on Thursday’s following media reports about the tragic economic situation of the company. Greek PPC is reportedly looking for 300 million euros in …

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New Democracy favors EU sanctions against Turkey

Greece’s main opposition party and potential winner of July elections, conservative New Democracy favors EU sanctions against Turkey. ND is reportedly closely monitoring the developments in the Exclusive Economic Zone of Cyprus and Turkey’s drilling provocations in drilling in the area. Following the extraordinary meeting of the Government Council for …

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PM Tsipras calls on extra Gov’t Council meeting to explore tension in East Mediterranean

Prime Minister Alexis Tsipras interrupted his pre-elections campaign on Sunday and called for an extraordinary meeting of the Government Council for Foreign Affairs and Defense (KYSEA). According to reports, the meeting will focus on developments in the Eastern Mediterranean Sea and Turkey’s drilling activities in the Exclusive Economic Zone of …

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Attiki Odos toll to rise twice on July 1 and January 1

Tolls on the Attiki Odos national highway will rise in two stages, on July 1 and on January 1, 2020, the company said on Friday. The decision triggered the anger of Transportation Ministry. All categories of vehicles will see rises. For cars in particular, current tolls of 2,80 euros will …

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Greek Parliament abolishes the broadening of tax-free basis

The plenary of the Greek Parliament voted to revoke the broadening of the tax-free basis on Friday, the last day of its operation due to the upcoming snap elections in July. The bill passed with the votes of ruling party SYRIZA. Communist KKE and To Potami voted “present”. New Democracy, …

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PM Tsipras rejects Commission report as dictated by “ultra-conservatives in Brussels”

Greek Prime Minister Alexis Tsipras rebuffed the European Commission report over the recent “relief measures.” The Commission was taking a leaf out of his political opponents’ book before snap elections, Tsipras said. In statements outside the Maximos Mansion, Tsipras said the results of the European elections had whetted the appetite …

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SYRIZA MP admits her daughter assigned to Parliament staff due to her “political connections”

There has been no more cynical admission since ages. SYRIZA MP, deputy Parliament Speaker and former Migration Minister, Tassia Christodoulopoulou admitted that her daughter was posted to the Parliament staff because she used some of her political connections. Speaking to Alpha TV, Christodoulopoulou said without blushing that she took advantage …

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Finance Ministry: EU Commission has been wrong on Greece’s surplus projections also in the past

The Greek Finance Ministry dismissed the report of the European Commission released earlier today. “The primary surplus for the general government in 2019 will reach 4.1% of the GDP,” sources of the finance ministry told media and rejected the evaluation that the relief measures pose a risk for the agreed …

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