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KINAL vies for space, plays hard-to-get ahead of elections
PoliticsGreek Politicsis to vote for the conservatives. The KINAL leader also set out the conditions under which her party...), it is questionable whether Gennimata would have the ability to follow the plan she set out. She... for SYRIZA was at 22.5 percent (which is 1 point higher than a month earlier). Backing for New Democracy
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Newsletter 204 -03/05/2019
-free threshold The political battle between SYRIZA and New Democracy is set to intensify this coming.... In the coming days, the ruling party hopes to announce a new set of so-called positive measures, while... points for three consecutive months so far. Greece’s economic sentiment (ESI) fell by 1 point in April
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Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EconomyProgrammefor debt repayments to the institutions. The amount is the equivalent of 3 percent of GDP (1 percent for each of the coming three years – 2020, 2021 and 2022). The idea set out by Tsipras and Tsakalotos is that, with this money for debt servicing set aside, Greece would be able to achieve primary
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgramme. This paves the way for the Eurogroup to release the second set of debt relief measures worth 767... by the Greek administration will not set the agreed targets at risk as it is compensated... consistently over recent years. The overall surplus will reach 1 percent of GDP in 2020, in keeping
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking, the capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1 (CET1), however... banks securitise NPEs. It adds, that it has set up a dedicated team that is improving its existing... investors and more capital that will set banks in a virtuous cycle of dealing with other challenges
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Newsletter 235 -17/01/2020
in the upcoming parliamentary vote. This means that she will receive The Prime Minister has managed to set.... The prime minister is set to be less successful in his effort to get the 200 votes needed to change... 0.1 percent in December a year ago. The core index edged up by 0.7 percent in December, from 1
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politicsas “squaring the circle” between what looks set to be a shrunken budget and Greece’s stated aim to keep its...”. With cohesion funding set for a 12 percent cut, securing this will be an uphill struggle, despite..., Denmark and Sweden – are calling for budgets to be limited to 1 percent GDP, while the club of 15
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Newsletter 243 -13/03/2020
increasingly gloomy about the impact of the coronavirus. The legislative act for the first set of measures... in impacted areas that had to close for more than 10 days. The government is working on a second set... euros which is 11.5 percent of the total. This is followed by those owing over 1 million euros, which
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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek Politicsto 200,000 employees could be impacted by the closures, and has set aside 100 million euros in benefits... to direct up to 3.5 billion euros to loans, while the EBRD also offered a package of 1 billion euros... spending. These include an agreement to be flexible in enforcing the fiscal targets set by the Growth
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Newsletter 246 -03/04/2020
, Finance Minister Christos Staikouras set out a fourth wave of measures aimed at supporting... of business that have been forced to close or which have suffered a downturn, will set the state back... if the companies concerned are prompt payers. Additionally, the government will put up 1 billion euros
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