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Greek economy: will reality collide with fresh optimism in Athens?

by Ben Hall & Kerin Hope Financial TimesJanuary 8, 2020 Odos Lekka, a narrow street in the commercial heart of Athens, has not been this bustling in a decade. Workers are busy refurbishing a drab warehouse left unoccupied during Greece’s prolonged recession. A clutch of new cafés and a smart boutique hotel, one of scores …

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Israel, Greece and Cyprus set to seal €6bn gas pipeline deal

by Ilan Ben Zion & Ayla Jean Yackley Financial TimesJanuary 2, 2020 Israel, Greece and Cyprus are set to sign a trilateral agreement that will lay the groundwork for a planned gas pipeline connecting Israel’s offshore fields with Europe but which risks raising tensions with Turkey over what Ankara sees as its exclusion from the …

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Greece’s half-miracle

by Paul Taylor PoliticoOctober 21, 2019 A little-noticed semi-miracle has occurred in Greece. After a devastating decade of depression and three wrenching austerity programs, the ancestral home of European democracy has emerged with its democratic institutions intact, social cohesion improbably resilient, its budget in surplus and extremists of both the far left and far right …

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Greece sets out ambitious budget based on faster growth

by Kerin Hope Financial TimesOctober 7, 2019 Greece revealed an ambitious budget for next year that assumes growth will accelerate to 2.8 per cent from a projected 2.0 per cent this year, driven by higher investment inflows and cuts in corporate and personal income tax. Theodoros Skylakakis, deputy finance minister, said on Monday the centre-right …

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In Lesbos’s Moria camp, I see what happens when a child loses all hope

by Jules Montague GuardianOctober 6, 2019 Ayesha is nine years old. As her father lays her down gently on a mattress at the clinic, the only perceptible sign of life is the slow movement of her ribcage as she breathes in and out. She otherwise remains almost motionless, in stark contrast to the other children …

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Can Kyriakos Mitsotakis ensure the Greek economy starts growing again?

EconomistOctober 3, 2019 The airport at Hellinikon, a few miles south of Athens, closed in 2001. Planes belonging to Greece’s now-defunct national carrier still litter the runway. Nearby a stadium built for the Olympics in 2004 gently crumbles. In the distance, a marina borders the glistening Aegean. In 2011, when Greece was in the throes …

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Greeks sneer as Yanis Varoufakis reveals fortune

by Anthee Carassava The TimesSeptember 30, 2019 He made his name as the face of the anti-austerity movement but Yanis Varoufakis, Greece’s rebel economist, is now one of the country’s wealthiest politicians. After being removed from a left-wing government in which as finance minister he became too radical, Mr Varoufakis wrote a book and built …

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There are reasons for moderate optimism about Greece

by Tony Barber Financial TimesSeptember 19, 2019 Ten years ago Greece plunged into a debt crisis that threatened to sweep away much of the political, social and economic progress achieved after democracy replaced military dictatorship in 1974. The economy shrank by a quarter, unemployment soared and Greece came close to crashing out of the eurozone. …

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