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Mitsotakis puts Greece on war footing as plans progress to boost hospital capacity
PoliticsGreek Politicsnew confirmed cases. There was also one more death, raising the total to five. All five were men... to intensive care. Last week, all scheduled surgery in the public health system was cancelled to free
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QE arrives for Greece
Agoraon March 19, now includes the purchase of sovereign and corporate bonds from all euro areas member states... rallies can turn in the opposite direction when a so-called “black swan” event occurs and infects all
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PM increases coronavirus support package to 10 bln, while sounding dire warning to public
PoliticsGreek Politicsand all year-end exams to be called off. The teachers claim that while the Education Ministry has created e-learning platforms, they cannot guarantee that all pupils and teachers will have access
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Economyrevising its forecasts for the economy in 2020, when it expects no growth at all. In a dedicated... economy. Zero growth Incorporating all those shocks in BoG’s forecast model leads to a new baseline
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingpercent. A breakdown showed that the Alpha Bank was the highest bidder for 82 percent of all... with discipline all appropriate measures to minimise risks, in line with the evolving situation,” he said. He
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingdeposits increased by 2 billion YoY with improvements seen in all retail customer segments... payments had risen by 8 percent. The bank had implemented an overall digital shift to all types
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations fell by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data... average interest rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between
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Worst ever negative employment balance recorded in March as virus measures hit
EconomyMacroeconomyepidemic. Total hirings came to 103,002 versus 144,905 departures. Around 53.2 percent of all departures..., the share for men and women was 58.8 percent and 41.2 percent, respectively. All five age brackets
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingGreeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill. In their full year performance reports for 2019, all four... reported a cash buffer of 2 billion euros and Piraeus Bank reported a buffer of 2.3 billion euros. All
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeatures, with all things being equal, the analysis revealed that a one percent reduction in GDP would lead... to a reduction in NPLs in all categories ranging between 0.14 percent to 0.39 percent in most cases
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