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Farmers Bring Their Demands to Athens as Costs Surge

Greek farmers with their tractors rally in front of the Greek parliament, over unsolved issues after weeks of blockades. Greek farmers converged on Athens in a powerful display of frustration over rising production costs that they say are pushing them to the brink. Driving tractors, carrying banners, and gathering in Syntagma Square, they demanded stronger government support to keep their farms viable. The protesters argue that soaring fuel prices, higher electricity bills, and increased costs for animal feed and fertilizers have made it nearly impossible to sustain their livelihoods. Many also want long‑term structural reforms, including better access to water resources and more predictable subsidies. Government officials have acknowledged the pressure on the agricultural sector and signaled willingness to negotiate, but farmers insist that previous promises have not been enough. Their message in the capital was clear: without meaningful relief, Greece risks losing a vital part of ...
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Bank of Canada Slashes Rates by 50 Basis Points as Inflation Stabilizes

The Bank of Canada (BoC) has made a significant move by cutting its key interest rate by 50 basis points, bringing the overnight rate down to 3.75%. This decision, announced on October 23, 2024, marks the central bank’s fourth consecutive rate cut since June.

The BoC’s aggressive rate cuts come as inflation has returned to target levels, providing the central bank with the confidence to ease monetary policy further. Governor Tiff Macklem emphasized that the rate cut aims to support economic growth and ensure that inflation remains within the desired range.

Economists had widely anticipated this move, given the recent trends in economic data and the central bank’s commitment to maintaining price stability. The BoC’s decision reflects its proactive approach to managing the economy amid global uncertainties and domestic challenges.

With this latest rate cut, the Bank of Canada continues to navigate the delicate balance between fostering economic growth and keeping inflation in check. The central bank’s actions will be closely watched as they impact borrowing costs, consumer spending, and overall economic activity in the coming months.


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