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Athens relieved as ECB and IMF seem to reach understanding on Greek banks
EconomyBankingFund (IMF) over Greek banks has been resolved, clearing an obstacle in the third review and easing... funding should be made available for the Greek lenders to allow them to deal with the issue of non... will be available in the summer in time for the IMF to have the clear picture of Greek banks which
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What is driving the Greek housing market's recovery?
EconomyFeaturesWhen it comes to Greek house prices, there’s good news and there’s bad news. On the one hand, some read the recent rebound in property values almost to pre-crisis levels as a sign that the Greek.... The latest rise brought prices just 9 percent short of the all-time high for the Greek property
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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... over Saudi Arabia by a Greek‑operated Patriot battery was confirmed on Thursday. It is the first operational engagement of its kind since hostilities began. A Greek defence ministry official told
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Athens takes cautious approach to Turkish words and actions
PoliticsGreek Politicsan extremely tense few hours a day earlier. The ramming of a Greek coast guard boat by a Turkish vessel off the coast of the Imia islets in the Aegean on Monday night and the warnings issued by President... in a statement of telling Greeks lies about what happened off Imia and restated Ankara’s belief
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Androulakis receives strong mandate for renewal at KINAL
PoliticsGreek PoliticsIn a development that could cause reverberations across Greek politics, MEP Nikos Androulakis has... minister George Papandreou in Sunday’s run-off vote. Androulakis took 68 pct of the vote in the contest... comfortably. Just over 206,000 KINAL members took part in the run-off vote, compared to around
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomySpeaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank... stressed that if Greek debt is deemed unsustainable, then the anticipated market access in 2018... governor said that despite the increased number in foreign arrivals, receipts may end up lower this year
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Scope takes Greece a step further into investment grade territory with 'BBB' rating
EconomyMacroeconomy. These measures support the sector’s recovery from the Greek crisis. Structural reforms and investment... borrowing costs. The banking system has reduced NPLs from 49.2 pct in 2017 to 6.4 pct by mid-2024... assets by mid-2024. Although DTCs remain a concern, their gradual amortization is underway
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Newsletter 5 - 28/11/2014
is running out for the Greek coalition to reach an agreement with the lenders before the critical December 8... approve a Greek request if it is submitted before December 8. A day before the December 8 Eurogroup meeting, the Greek parliament will vote on the 2015 budget, with the government insisting that next year
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PM hopes for return to normality by summer, but vaccine progress remains slow
PoliticsGreek PoliticsAgainst the odds, Greek Prime Minister Kyriakos Mitsotakis has expressed his optimism... it “ambitious”. As of Monday, Greek health authorities had administered 177,377 doses of the vaccine... by the end of the summer. In his remarks, Mitsotakis shrugged off the focus on daily vaccination
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What do EBA tests reveal, or fail to highlight, about Greek banks?
EconomyGreek banks (Alpha, Eurobank, National and Piraeus) that participated in the EU-wide exercise.... The Greek regulator (Bank of Greece) allows Greek banks to recognise in regulatory capital only a part (20... ratios for Greek residential mortgages stands at 70 percent for the four banks, with Alpha
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