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NPLs
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EconomyProgramme
Banks and government inching towards new framework to protect primary homes Talks between banks and the Greek government on the primary residence protection framework are due to continue this week, with the latter being left under no illusions by its European lenders that it will have to move quickly on this and a number of other issues over the next few weeks if the March 11 Eurogroup is to give the green light for further debt relief measures.
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EconomyProgramme
Primary residences and lignite units top agenda ahead of Eurogroup Although Greece is not on the agenda for Monday’s Eurogroup, the meeting will provide Finance Minister Euclid Tsakalotos with the chance to discuss with the country’s lenders a range of issues related to the post-bailout commitments the government has to complete.
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EconomyBanking
BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans Banks continue to make progress on reducing their bad loans, with the Bank of Greece (BoG) presenting its strategy for reducing bad loans to the European Commission at the end of last week.
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EconomyProgramme
Second post-MoU review hinges on NPL plan and protection for primary residences An uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March.
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EconomyProgramme
Athens poised to unveil new minimum wage as post-MoU review continues The government is preparing to announce a new minimum wage and the scrapping of the sub-minimum salary for under-25s, just days after talks with the institutions regarding the second post-programme review concluded in Athens.
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EconomyProgramme
Institutions wrap up talks with focus on NPLs, primary residences and budget Discussions between the Greek government and the institutions were due to draw to a close on Thursday, leaving Athens with 2-3 weeks to complete the 16 reforms that are pending as part of the second review of the post-programme era.
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EconomyProgramme
Second post-MoU review set to begin as Athens eyes return to bond markets The second review of the enhanced surveillance period is due to get underway in earnest on Tuesday, when the institutions’ mission chiefs are expected to hold their first meeting of the year in Athens with government officials.
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EconomyProgramme
Lenders put spotlight back on pending reforms ahead of second post-MoU review As Greece approaches the six-month mark after officially exiting its final bailout programme, the government’s to-do list still remains substantial.
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EconomyMacroeconomy
Piraeus eyes major NPE deal as banks remain focused on bad loans One of Greece’s four systemic banks, Piraeus Bank, is rumoured to be working on a substantial deal to address its non-performing exposures (NPEs).
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EconomyBanking
Alpha Bank and Eurobank start new year with further bad loan sales Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.