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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgramme-level agreement on May 24. A senior Greek official told the local media on Thursday that it has been... at the May 24 Eurogroup. Debt relief While expectations of an SLA by May 24 appear to be rising... on debt relief should be in place by the May 24 Eurogroup. Rice added that if there is no agreement
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingby a further 1.7 billion by the end of May. Specifically, Emergency Liquidity Assistance (ELA) funding was reduced from 7 billion ini Q4 to 4.8 billion in Q1, declining again to 3 billion in May. ECB funding fell from 3.2 billion in Q4 to 3.1 billion in Q1, increasing slightly to 3.2 billion in May
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What GDPR compliance means for businesses and consumers
LegalMay 25, 2018 marked the first day of enforcement for Europe’s Regulation (EU) 2016/679.... To conclude, the GDPR’s effectiveness will be assessed following its implementation on May 25... jurisdictions outside the EU may well follow suit, which could spell even bigger changes for the digital
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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomythe reading of 104.2 in May, European Commission (EC) figures revealed on Thursday. Although June’s reading... in June versus -51 points in May. Year-on-year, consumer confidence has improved by 16.4 points... month-on-month to 21 in June compared to 25.1 in May. Since the start of the year, service confidence
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Employment balance records 33,620 more hirings than departures in June
EconomyMacroeconomyof a positive employment balance in the Greek job market, albeit slowing from May’s record high... this threshold in May, and stood at 45.1 percent of total hirings. In recent months, part-time... percent in June from 55.4 percent in May. The share of departures fell to 51.4 percent from 58.8
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SYRIZA seeks best path to next general elections
PoliticsGreek Politicsthat have been lined up for 2019. The coalition continues to suggest that the cuts may be cancelled... and the European Parliament ballot on Sunday, May 26. However, there has been no clear indication from... of the Macedonia name deal) or in May along with the other two ballots. Macedonia deal The recent diplomatic
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsto be submitted to Parliament on October 1 but the lenders may wait until their first post-programme... definitive move on the pension cuts. This means a decision may not be issued before November. Given that elections are expected by next May at the latest, the government wants to do all it can to avoid
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyshowed a deficit of 1.49 billion compared to a deficit of 958 million in May. Revenues Monthly gross revenues rose by 1.6 percent year-on-year (YoY) to 3.75 billion, up from May’s figure of 3.34... was confirmed at 4.28 billion for the month of June, higher than the figure of 3.43 billion in May
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Fire fallout casts doubt on Tsipras’s post-MoU strategy
PoliticsGreek Politicsis approaching 100, may affect Prime Minister Alexis Tsipras’s strategy for the last stretch of the current... and local votes in late May. The most likely option is for the government to stick to its original... of the Mati disaster will still be fresh. It has been rumoured that Tsipras may conduct a cabinet
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Greek banks push for return to normality
EconomyBankingin May. As a result, the outstanding balance decreased to 178.87 billion from 179.33 billion in May... -279.1 million in May. In June, the corporate lending balance in particular was positive by 1.05 billion euros, reversing a negative flow of 169.2 million in May. The household lending sector’s negative
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