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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingIn the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up... results, Alpha noted that there is an imminent completion of the Orbit sale of Greek NPEs of 1.3.... Upon completion, these transactions will bring the NPE ratio down to 13 pct. The Frontier portfolio
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Govt confident about school return, but faces doubts on post-bailout review
PoliticsGreek Politicsthe European institutions are expected to take up the baton on January 25. The Greek government... repaid. ND believes that it could sell this as a political win to the Greek electorate, arguing... the opposition will pounce upon as the latest example of New Democracy mishandling the pandemic. The Education
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KINAL leader gains confidence as ND ratings wane
PoliticsGreek Politicsparty playing in the future Greek political landscape. In an interview to regional station Ionian TV..., “having multiplied our polling figures”, and to be handed a mandate by Greek voters to implement his... Andreas Papandreou. Commenting on the balance of power between the major parties, Androulakis seized upon
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Athens cultivates Saudi Arabia relations, prepares for MBS visit
PoliticsForeign Policyin Yemen. The Greek government did not respond to these complaints. Government sources tend to focus more... additional impact on the existing operation of the Greek Embassy and Consulates in Russia. Due... to this matter. “Greece's position has been and remains clear. We do not discount the principles upon
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Spotlight on challenges to labour productivity growth
EconomyMacroeconomyLabour productivity has been an ongoing challenge for the Greek economy even before the 2010 debt..., before the new formula kicks in a year later. In its latest Greek economic outlook journal, the Centre for Economic Planning and Research (KEPE) this week touched upon the challenge of labour
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Take your seats
Agorawith MEPs in 2015, before agreeing to a third bailout. The final Greek programme is over but Tsipras will continue to suffer its effects. The SYRIZA leader may never be able to shake off the accusation..., Greek authorities proved inept in tackling the deadly wildfire in Mati, on the outskirts of Athens
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Newsletter 436 - 11/10/2024
position and looking to hold off the challenge from Athens Mayor Haris Doukas. The outcome of this Sunday... of the 302,233 votes cast. Doukas held off former minister Pavlos Geroulanos in a tightly-fought contest for second place, which secured the political newcomer a ticket for the run-off vote. Doukas earned just 858
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoralenders. A number of key policy challenges remain and need to be addressed urgently. Greek banks.... The NPL challenge and the deleveraging obligations facing Greek banks are major impediments..., the Bank of Greece and the Ministry of Finance.[2] The internal bad bank model for Greek institutions
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What lies at the heart of differences over Greek banks' capital needs?
Economyof the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank... that the IMF has estimated Greek banks’ capital needs at 20 billion euros, a figure almost four times.... The BoG figure is probably based on the baseline scenario for the economy, which sees Greek banks
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ECB refuses Greek government bonds as collateral: What does it mean?
Economythe waiver on Greek banks using junk-rated government bonds as collateral for funding. According... that Greek banks’ liquidity needs can be satisfied by the Bank of Greece (BoG) via the Emergency Liquidity Assistance (ELA) mechanism. According to the latest official BoG data, Greek banks' ECB funding
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