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Greek banks push for return to normality
EconomyBankingGreece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement. Hampered by their enormous pile of non-performing loans (NPLs), an inability to either self-finance or access market liquidity via the sale of banking
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Tsipras to set out path for new cabinet as pension discussion looms
PoliticsGreek Politics. The prime minister might point to this as a sign of a more progressive approach, in line with SYRIZA’s core
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingEurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter. Net results before discontinued operations and restructuring costs point to profits of 55 million, representing a quarter-on-quarter (QoQ) 57 million
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingsustainable returns,” he said. “H1 results point to Piraeus’ effort to decisively deal with legacy issues
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomyby Greek banks to the ECB's Single Supervisory Mechanism (SSM) point to a reduction in NPEs by 37
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Tsipras pledges array of tax cuts, hopes for break on pensions
PoliticsGreek Politicsdecrease from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammerate dropping 1 percentage point from 13 percent to 12. There was no immediate negative reaction from
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PM moves quickly on policy pledges in bid highlight benefits of MoU exit
PoliticsGreek Politicsof corporate tax by 1 percentage point. The Labour Ministry is also said to be working on the rent subsidy
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeatures, the VAT gap in Greece rose by 558 million (5.4 billion to 5.9 billion). The annual percentage point
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Newsletter 176 -28/09/2018
that the December meeting of finance ministers seems the most likely point at which a decision
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