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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingThe European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed Asset Protection Scheme (APS), the Greek state
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeatures, will be carried out in phases. The first phase is budgeted at 2 billion euros, almost double the original plan
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Athens waits for EU action on Turkey and Greece's Balkan neighbours
PoliticsForeign Policyadded that this is “not a threat and it is not a bluff.” Turkey is seeking EU funds to support a plan
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyyear as part of the process to reach an agreement. The draft economic plan was submitted
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SYRIZA launches membership drive but still struggles with 2015 backwash
PoliticsGreek Politicssecondary issues, even at the most crucial and sensitive moments, without even having a Plan A, B or X
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingStaikouras said that the government did not plan to stop its efforts now that Hercules was moving
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Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
EconomyProgrammegovernment said it would make the prepayment. The previous administration’s plan was abandoned, though
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingplan and the deal with Intrum. Concerning business loans, the Bank said that debt cuts would
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Mitsotakis aims to cultivate Chinese investment, trade opportunities
PoliticsGreek Politicsto swiftly approve the company’s master plan for redeveloping the port. However, while in China
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Xi's visit carries promise of closer Sino-Greek political, economic ties
PoliticsGreek Politics. The plan also foresaw a fourth container terminal, which would have increased total TEU capacity
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