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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingthe NPE ratio by one percentage point to roughly 15 pct, compared to 16 pct at the end of Q3 and the coverage ratio of NPEs also pushed by one percentage point to 40 pct. The transaction will have an impact... and by the end of 2024 at just one billion euros. Eurobank has managed to bring its NPEs down to 2.9 billion
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Govt offers more energy subsidies in Jan to cushion impact of high prices
PoliticsGreek PoliticsThe government attempted on Friday to address one of its major policy concerns at the start of 2022... the previous one, Delta, is at 87 vs 13 pct. Although this has not translated so far into a spike in the number... in the effort to treat sufferers. Reports suggest that the ministry is also considering making at least one
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Govt confident about school return, but faces doubts on post-bailout review
PoliticsGreek Politicsby saying that it would ensure self-tests are provided to schools so all pupils can take one before... is found to have contracted the virus. The conservatives argue that this is one of the most rigorous... not be the first time that the government’s enthusiasm is not shared by EU policymakers. One of the pledges
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Newsletter 323 - 14/01/2022
. As of Wednesday, 70.7 pct of the general population had received at least one dose and 38.3 pct had... initial expectations. Greece was in deflation for about one year until May this year, when the CPI... exceeded one year of continued growth and recovery since the first pandemic year. The movement
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Govt hails success of vaccine mandate amid continuing surge in 'hard' indices of pandemic
PoliticsGreek Politicsin Greece have had one dose of the vaccine, and 85.4 pct are fully vaccinated. The epidemiological... criticism from one of New Democracy’s own MEPs. Kostas Vaxevanis, publisher of weekly investigative... with Poland and Hungary. Kyrtsos, an experienced political operative and one of Mitsotakis’s key supporters
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Newsletter 324 - 21/01/2022
, SYRIZA sees rising prices as one of the challenges to the centre-right administration that could open... with three new bond issues, three re-openings and one swap of PSI leftover bonds, for a total amount... it will maintain some safety net under GGBs through the reinvestment programme, which was extended by one year
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Newsletter 325 - 28/01/2022
of the so-called “executive state”. One of the main election pledges made by Mitsotakis was that he...’s full backing this week, but was one of several ministers that the opposition parties pointed... is measured against the latest, revised targets. When one compares the fiscal performance of last year
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Govt mulls Easter bonus as cost-of-living crisis causes public concern
PoliticsGreek PoliticsWorsening inflation date on the one hand and ebbing polling figures on the other are creating... a one-off benefit payment to vulnerable groups before Easter. Chief government spokesman Yiannis... they stressed would be a one-off measure strictly targeted to those most in need. The Finance Ministry
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Newsletter 328 - 18/02/2022
was looking at the possibility of making a one-off benefit payment to vulnerable groups before Easter... overperformance that will allow them to allocate roughly 300 million euros to the one-off benefit, like the one that was paid out to the same group of eligible low-income homes before Christmas. Aside from
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Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
EconomyProgrammeGreece has one more step to take before it completes its post-programme surveillance after... their intention to deliver all outstanding items by mid-2022. One more review is scheduled... around 18 pct from the 2030s. The most severe scenario is the one of lower growth in which the debt
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