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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingThe Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020. BoG notes the progress made so far by the systemic banks on the asset quality front. But it also highlights again the challenge of tackling the NPE problem, which
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economyof the debt is owed to official creditors and is euro-denominated. The banking sector is highlighted again
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Experts recommend extensive reforms to overhaul economy amid mixed reception
PoliticsGreek Politicshighlighted once again by the pandemic, and the opportunity offered by record sums of prospective EU
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PM makes minor changes to cabinet, with focus on handling of EU funds
PoliticsGreek Politicsfor such positions at important ministries. Tsakloglou has extensive knowledge of Greece’s labour market. Again
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PM seen boosting powers despite making minor alterations to cabinet
PoliticsGreek Politicsof staff Akis Skertsos and chief economic adviser Alexis Patelis. Again, commentators note that apart
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SYRIZA goes on offensive over Covid-19 and economic reforms, but internal rifts persist
PoliticsGreek PoliticsTurkey is behaving provocatively, again referring to Ankara’s manipulation of migrants earlier
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PMI edges up to 49.4 points in August, employment rises
EconomyMacroeconomyoverall. The rate of input price inflation picked up to a seven-month high. Input buying fell again
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Newsletter 262 -04/09/2020
spending, expenditure on defence stood at 5.9 pct in 2008, falling to 4.3 pct in 2018. Again
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Defence spending, economic support plans dominate PM's policy speech
PoliticsGreek Politicsat a time when there is uncertainty in the labour market and the unemployment rate is climbing again
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VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU
EconomyFeaturespercent in 2017 and dropped again to its current level of 30.1 percent in 2018. Compared to 2017, VAT
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