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Tsipras makes PASOK opening amid domestic troubles
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has indicated that he is starting to make political plans for the period after Greece exits the programme in the summer of 2018. In an interview with new centre-left newspaper Nea Selida, the SYRIZA leader suggested that a ...
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Why it makes sense for ESM to swap Greece's IMF loans
AgoraIn an interview over the weekend, the head of the European Stability Mechanism (ESM) Klaus Regling aside from the optimism on the progress of the current review hinted of one of the options that eurozone lenders might be willing to consider for the debt...
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Erdogan makes forceful start to visit, catches Athens off guard
PoliticsForeign PolicyThe Greek government found itself in an uncomfortable position on Thursday, the first day of a visit by Turkish President Recep Tayyip Erdogan, who called for the 1923 Treaty of Lausanne, which delimited the boundaries between the two countries, to be r...
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Budget execution makes positive start to 2018 with 1.88 bln primary surplus
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.88 billion euros in the first month of 2018, beating the forecast by 1.16 billion euros, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday. The driving factor was a ...
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingAlpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent. On a quarterly basis, the net result after tax for the fourth quarter (Q4) of 2...
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued operations, reversing the loss of 17 million seen in Q3. On an annual basis, this translated into a slight profit of 2 million euros in 2017, compared to p...
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4. The figure for the same quarter last year stood at a loss of 9 million euros. Fact...
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingAlpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits of 65.2 million euros noted in the first quarter of the ye...
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Despite some common ground, revision of constitution makes for new battleground
PoliticsGreek PoliticsMPs began debating on Tuesday the proposed changes to the Greek constitution before a vote on Thursday in what is shaping to be another political battle between SYRIZA and New Democracy, although the parties agree on aspects of the revision. Any propose...
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeMPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup. The government am...
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