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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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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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Foreign minister's visit to Ankara sparks hope of new era in Greek-Turkish ties
PoliticsForeign PolicyA visit by Greek Foreign Minister Nikos Kotzias to Turkey this week has given fresh hope...) as it has been nicknamed, on Tuesday. The Greek envoy explained that the Indians used to say when... was reportedly very pleased to hear this from the first official of the new Greek government to visit
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Greek pensions laid bare
Agorathat the re-distributive nature of the Greek pension system – the contributions of those in employment... generously designed scheme. A comprehensive report on the Greek pension system in 1997 highlighted all... abandoned due to fears about the political cost and ambition for re-election. This left the Greek political
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Referendum and the ECB to determine the future of Greek banks
Economy) funding of Greek banks at current levels. Moreover, despite earlier rumors, the ECB did not take any decision on an increase on the haircut applied to ELA collaterals. This means that Greek banks... on negotiations with Greek authorities until the referendum. Since most eurozone officials as well as rating
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Looking in on the Greek elections from the outside
Agoragovernment arrangement. Such suspense not only concerns Greek voters agonising over why they should have... with the Greek electorate two months ago. Now there is hardly a word from representatives in Brussels... as such for the sake of the argument – care very much about every detail of the forthcoming Greek
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Greek firms rely on public procurement most in EU but also suspect corruption, survey indicates
SocietyGreek companies derive a considerably higher proportion of their turnover from public tender... of 27.2 percent. The Greek figure was also noticeably higher than the next countries, Latvia (31.8... these sources. The results are all the more interesting considering that Greek companies are also among
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