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Greece and the euro: The flight of Icarus
Agoraduring this crisis has been of the highest order, providing insight into a complex problem, but some... version of what has happened in Greece in order to support their preconceived ideas about fiscal... European countries had as tumultuous a post-Second World War experience as Greece. It was a period marked
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Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
EconomyMacroeconomy. Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingfrom the European Commission’s DG Comp in order to start operating. HFSF scheme Another scheme... the transaction on October 1, 2019. The end result will be the largest NPL management company... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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Mentioning the war so we don't have to mention the war
AgoraFawlty Towers was never a popular show in Greece and the concept of not mentioning the war... of unresolved issues - such as the Asia Minor Catastrophe, the Second World War, the Civil War... and painful road, including war, executions, torture, persecution and exile that Greece’s left
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Athens buoyed by content, mood of Mitsotakis trip to Washington
PoliticsForeign Policythese uncertain times, while the outcome of the war in Ukraine still remains unknown. Talks between... for a reordering following the war in Ukraine. It was made clear that Greece belongs to the West... cooperation with the United States through liquefied natural gas installations in Greece, in order
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NPL resolution in Italy and Greece
Agora. Moreover, their high NPL levels on bank balance sheets have impaired the asset quality of domestic... that could otherwise be lent to the real economy. Two examples illustrate different approaches to NPL... in Rome. The magnitude of the challenge to address NPL resolution head on is reflected in the following
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Opposition politicians express concern as Greek air defence is deployed in Iran war
PoliticsGreek PoliticsThe first confirmed use of Greek military hardware in the Iran war has pushed Athens... and not an entry into the war. He emphasised that the Patriot missiles were positioned in Saudi... of the war is to stop the war itself. Speaking in Brussels on Thursday, he urged the EU to take the lead
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingquality front, the bank reported a negative non-performing loan (NPL) formation for the first time since..., the NPL stock edged down for the second straight quarter by another 0.5 billion to 26.4 billion at the end of March. However, due to the continued deleveraging, the NPL ratio edged up to 39.8 percent
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingbps QoQ. The domestic non-performing loan (NPL) edged down to 7.1 billion euros in Q2 from 7.5 billion euros in Q1. This led the group NPL ratio to stand at 20.9 percent. The NPL coverage ratio stood... to 44.4 percent. Total coverage stands at 101.3 percent. NPL balances in Greece declined by 1.6 billion
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingpercent in the previous quarter. Non-performing loan (NPL) formation also turned positive at 423 million... quarter. NPL formation in mortgages and consumer loans stood at 89 and 28 million, respectively, improving from a negative figure in both sectors during previous quarters. However, NPL stock declined
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