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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingin H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310... percent to 645 million euros. Asset quality Overall, Piraeus Bank has the highest NPE stock on its... and NPL stocks of 11.1 billion. NBG currently has the smallest amount of bad loans on its books
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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomywas a rise of 1.5 percent. On a quarterly basis, Q2 dropped by 51.6 percent compared to Q1, which has.... Data from Bank of Greece capture the enormous challenge that Greece has faced on the tourism front since March. The travel balance up to June has essentially evaporated, dropping by 94 percent year
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Parties on edge as Golden Dawn case has potential to go either way
PoliticsGreek Politicsto root out the influence Golden Dawn has within the police force. SYRIZA’s decision to tread... the 3 percent threshold for entering Parliament. The poll has SYRIZA just ahead of New Democracy..., points to one of the reasons that Golden Dawn’s popularity has not dropped more during recent weeks. When
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Greek bank capital increases: A breakdown of what has been achieved
Economyhas a capital shortfall at 2.18 billion. On the flipside, Alpha and Piraeus’s capital needs stood at relatively low levels of 262 and 425 million respectively. On top of that, Alpha has already... of NBG preference shares worth 1.35 billion. The bank has stated it plans to repay them “when
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SYRIZA has makings of pact with Independent Greeks but To Potami not on board yet
PoliticsGreek Politics. However, this is not purely a numbers exercise. Tsipras needs to show that his party has not only overcome.... Theodorakis, whose party is edging into third place in opinion polls, has said he would be willing to work... to be following SYRIZA's lead. Also, Theodorakis has been scathing in his attacks on Independent Greeks
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Income inequality in Greece has grown during crisis, OECD report shows
SocietyIncome inequality between the richest and poorest in Greece society has increased over the past few... in 2007, a report from the Organisation for Economic Cooperation and Development has found... has identical incomes and 1 when all the income goes to only one person – income inequality
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Greek negotiations: A marathon that has yet to run its course
Agora, where the so-called Brussels Group has been gathering regularly since February. But despite all... that is prepared to drive a hard bargain, but understands when the timing for compromise has arrived... ministers of these countries had always held back in the past from publicly criticising Greece. This has
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Idomeni clash broadens fronts on which Greece has to tackle refugee crisis
PoliticsForeign Policycamp, where the sense of desperation has grown after the implementation of the European Union-Turkey... public has mostly shown patience with the refugee crisis and the government’s fragmented, slow... that the police presence in Idomeni, Piraeus and the island hot spots, is strong enough. Tension has been rising
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Mitsotakis raises alarm over Hormuz, Turkey and new geography of European security
PoliticsGreek Politicsthat Athens has not hesitated to criticise Israeli actions in Gaza and Lebanon. He framed Greece’s... Dendias reinforced this message with unusual bluntness. Speaking about the leaked Turkish “Blue... disturbing”. Greece has no claims on Turkey, he said, but is constitutionally obliged to defend its borders
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economyhas been happening in the issues so far this year. Taking into account that Greek banks are now legally bound not to increase their T-Bill holdings, we understand that this gap has to be covered... utilise 310 million euros (90 percent of HFSF cash reserves of 345 million) through an amendment
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