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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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European Commission paper highlights challenges for Greek exports
EconomyThe European Commission (EC) published an economic paper titled “The puzzle of the missing Greek... making up for the initial loss within three years or less, Greek exports have recovered only... countries. The paper shows the gap in Greek valued-added exports amounts to 33 percent compared to what
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Greek-German relations: Perception versus reality
Agorain Greece for the last two years and cooperating with their Greek counterparts, the renowned German... to their country of origin. A major line of argument they hear from their Greek hosts is that Germany... that the German visitor can thus form is that the transformation efforts are not the genuine result of the Greek
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A snapshot of Greek banks' ABS as ECB readies for next move
Economyon October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing... from the Bundesbank and the German Finance Ministry. Greek banks hold at the moment securitizations.... Overall, the existing stock of Greek banks’ securitizations and covered bonds stands north of 31 billion
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding jumped by 31.44 billion euros month on month (MoM) to 87.48 billion... purposes. Greek banks are holding almost 38 billion EFSF bonds. According to their 9-month financial... of September. The latter was switched to ECB funding in January. In addition, Greek banks had utilised
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek PoliticsThe meeting between Greek Prime Minister Alexis Tsipras and German Chancellor in Brussels...). The Greek government also appears prepared to ringfence the Hellenic Statistical Authority (ELSTAT.... The continuing differences over these key issues suggests that Greek hopes of achieving a deal before the end
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