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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingby 304 million euros bringing the stock to 32.2 billion in Q1. The latest quarter marks ten straight.... The total value is 1.6 billion euros, though sources note that in the second phase, the bank can... percent demonstrated that the bank can withstand a higher adverse effect when compared to the 2015 adverse
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Bond difficulties put a dent in coalition's exit plans
PoliticsGreek Politicsit has been building can provide in the absence of an agreement with the lenders over a precautionary... possible restructuring deal to ensure that the country can tap the markets in the future. Speaking... of the IMF’s loans by the European Stability Mechanism among other things. As a result, the latest meeting
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Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
EconomyProgrammefrom 2018 to 2022. In the latest preliminary budget figures for May, privatisation proceeds came... General for Competition (DG Comp). Permission was finally granted last week, meaning the deal can now... is made, the parliament can move to ratify the agreement, which will allow the HRADF to launch
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeto be tabled by October 1 so that its review by EU authorities can begin under the terms of the European... to negligible amounts by this autumn, may contribute to this goal. According to the latest Finance Ministry... the payments by the time Greece exits the programme seems out of reach, but the government can still hope
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeThe latest indications received by the Greek government from its lenders suggest that a final... can be announced until the negotiations with the institutions have been completed. However, it seems... that discussion on increasing workers’ pay can begin before the end of the month. The government hopes
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammeand one in which they are not. According to the latest reports, and contrary to earlier coverage..., Tsakalotos has argued that Greece can beat its fiscal targets and use the excess surplus to increase... cuts as a structural measure and how Greece can implement the social measures the IMF called
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Eyeing domestic gains, Tsipras pursues closer ties with Europe's social democrats
PoliticsGreek Politicsprime minister Pedro Sanchez in Athens shortly. These are the latest in a long series of strategic... on him. Also, if Tsipras can convince Greeks that he is the future of social democracy... elections in 2015. The SYRIZA leader knows that if he can squeeze KINAL’s vote so that it is below
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Mitsotakis pledges more benefits, new faces as election build-up intensifies
PoliticsGreek Politics(DETH) in September, which mostly focussed on a range of tax cuts. The latest batch of pledges... million euros had been paid out to 1.463 million recipients. Applications can be submitted up until... the Prespes Agreement, Mitsotakis has also provided Tsipras with a platform from which he can play
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MPs prepare to vote on name deal, although delays are possible
PoliticsGreek Politicsso KINAL can reorganise itself in the wake of the latest developments. If snap elections do not prevent the gathering, the main theme of the meeting will be how the party can hold its own in the next
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Speculation about May elections revived by SYRIZA officials' comments
PoliticsGreek Politicspolls in May. SYRIZA MP Nikos Fylis became the latest high-profile member of the leftist government... with News 24/7 radio, he said that “as long as the technical possibility exists, elections can... is that there are doubts whether the IT system supporting the electoral process can cope with so many ballots
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