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BoG underlines progress in NPE reduction but stresses need for systemic solution
Economyof the business portfolio, the bad loans are high in the very small and small and medium segments... percent, from 46.3 percent a year ago. Nearly one third of the NPE stock is under some sort... of the business loans, 24 percent will come from SMEs, followed by very small firms at 16 percent
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Social impact of crisis seen easing in 2018, but 31.8 pct still at risk of poverty/exclusion
Society. ELSTAT defines material deprivation as the inability to pay unexpected expenses, afford a one-week... years old and over state that they are very satisfied with their life overall. In addition, 37.5 percent of the economically active population state that they are very satisfied with their job. The survey
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Mitsotakis buoyed by poll ratings, boost to growth narrative
PoliticsGreek Politicsthe prime minister. I’m very impressed with a couple of things: 1) They really understand what’s needed... surplus target compared to the current one of 3.5 percent of GDP through 2022, if combined with more reforms and privatisations, would very probably imply lower, rather than higher public debt,” he
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Gathering signs of coronavirus impact on growth expectations
Economyexpects average global growth of 3.3 percent this year, very slightly revised from 3.4 percent... limits GDP growth by one standard deviation, while the second foresees a greater impact and limits... that the budget for this year provides very little room to manoeuvre. The HFC concludes that given
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More than a quarter of a million firms affected by enforced closures due to Covid-19
Economya quarter of a million businesses and temporary job losses for up to one million employees according... guidelines, a very limited number of enterprises are allowed to remain operating during... affect a very large number of the overall workforce. Furthermore, remote working options have not been
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Rising bond yields a concern, but not an immediate fiscal problem
Economyof opportunity in April, following an upgrade by S&P to just one notch away from investment grade. However... to very low levels, with a very favourable maturity profile and a weighted average maturity just short
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Improving mood in Greek-Turkish ties visible in words and deeds
PoliticsForeign Policyconsidered potential threats to block it. With this deal, sources in Athens now believe that one... who has a role to play with a very limited but very important agenda: stability and security
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Athens offers continued, but limited support to Ukraine, while seeking balance with China
PoliticsForeign Policy”. Greece “will provide every support to Ukraine at this very important, crucial stage of the war... for as long as it takes - that’s a very clear position that we have taken from the outset.” The Ukrainian... interests. At the same time, it seems that China is the one taking initiatives aiming to strengthen
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SYRIZA sets sights on "progressive coalition" after first ballot
PoliticsGreek Politicsa coalition of “progressive cooperation” after just one round of voting under a proportional representation... voters, which has emerged very vocally particularly in response to ND’s handling of the Tempe rail crash... of under-30s consider Tempe “very important” to their choice of party in the elections, compared to 69
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Positive sentiment around banks continues to grow
EconomyBankingbeen reporting very strong earnings, with net income at 1.7 billion euros by the end of H1, assisted by wide interest margins and net interest income at 3.74 billion euros. This came on top of very.... It is critical that HFSF gets the transactions for Eurobank and NBG right and sends one more positive signal
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