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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingby 500 million to 16.4 billion in May. Specifically, ELA funding fell from 13.2 billion last December to 12.2 billion in March, and to 12.2 billion in May. Outstanding interbank repos increased to 1.4 billion in May, while the nominal value of the currently held pillar II bonds stands at 300 million
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Athens banks on French support for debt relief and growth
PoliticsGreek Politicssupportive of the Greek demands at the May 22 Eurogroup. The French finance minister took part in the small... percent of GDP per year between now and 2060, but may feel that if Thursday’s agreement falls short... on debt relief measures than what was on offer on May 22 look set to be dashed on Thursday
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek Politicsbillion euros that was initially lined up and had been on offer at the May 22 Eurogroup, which ended... relief Regarding debt relief, the Eurogroup statement repeated the commitments made in May 2016..., which marked a slight change to the “if necessary” that had been used in the May 2016 Eurogroup
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In absence of bond issue, coalition ponders next moves
PoliticsGreek Politicsby the content of the IMF’s Debt Sustainability Analysis, which may become public after Thursday’s meeting... the eurozone may be in a position to re-examine the debt issue after the German elections. According... issued in 2019, it appears that the IMF’s limit may not be anything more than a temporary obstacle
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About to soar? Greece's economy still needs to be handled with care
Agoraat a slower pace by 2.3 percent. Although slowing from May, industrial production in June rose for a ninth.... Following the inflows since May, Greek banks’ Eurosystem funding fell for the 25th successive month... billion euros at the end of July, which is the lowest reading since May 2014. The European Central
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Newsletter 153 -2/03/2018
to return to Athens in late April or early May, when some of the more difficult aspects of the review... and the remaining 69 are due to be taken care of in May. The discussion in the coming weeks, though.... This is to be decided in May, when there will be a clearer picture of this year’s budget execution and whether
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammemay make its monitoring different to the others in the future. “If Greece requires additional debt relief measures, the post- programme surveillance may be tightened,” he said. Costello made it clear... days. The mission is not expected to return to Athens until early May. Its aim will be to secure
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Newsletter 154 -9/03/2018
. The institutions are expected to return to Athens in early May following their first exploratory... but the International Monetary Fund may yet have a say on the issue. If the SLA is in place in May... in tackling 88 prior actions by May. review drags on. The European Stability Mechanism (ESM) still has
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The tie that binds
AgoraDemocracy, Antonis Samaras, presented there in May 2011, his alternative to the austerity-led... to win back the support it has lost since 2015. We may be looking at the beginning of the end... the single currency area’s decision makers have tackled problems, as frustrating and costly as that may
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Coalition back-and-forth over name deal belies election strategy
PoliticsGreek Politicsthat there was no such constitutional requirement, although he added that Kammenos’s demand may be discussed... it is clear that Tsipras cannot gather the 180 votes for a super-majority, but may just about... its term in office end prematurely, both leaders have accepted that they may soon have to bring
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