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Athens moves on after Berlin Conference absence, seeks more active role in Libya developments
PoliticsForeign PolicyIn Greece’s absence, the Berlin Conference ended on Sunday with an agreement among all... the EU foreign ministers’ meeting in Brussels on Monday, where Greece’s representative had a chance to convey the Greek position following Germany’s decision not to invite Athens to participate
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PM hopes solo run can lead to settlement of football dispute
PoliticsGreek Politicsby a dispute involving the country’s top football teams and their owners, which is threatening unpredictable political consequences. During Thursday’s cabinet meeting, Mitsotakis praised Finance... exceeded the government’s expectations. Chrysochoidis was praised for the arrest of three suspected
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingAhead of the EU’s stress tests and improving sentiment, Greece’s banks have begun making further.... In parallel, Greece’s banks geared up for further action on reducing their non-performing exposures... a holding company. In Piraeus Bank’s preliminary summary ahead of their full 2019 results, the bank
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Identity crisis in KINAL resurfaces as SYRIZA touts common ground
PoliticsGreek PoliticsGreece’s third party, KINAL (Movement for Change), is about to launch a nationwide consultation exercise in preparation for a national party conference in March, with topics ranging from the party’s...”. The exercise underlines the party’s ongoing search for a clear identity with which to stake its
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Tsipras challenges Mitsotakis as probe into scandal rekindles rivalry
PoliticsGreek Politicsjustice investigate the Novartis scandal all the way.” SYRIZA’s stance over the last few days... is that it draws from Greece’s modern history, as the prime minister’s father, Konstantinos Mitsotakis, oversaw... the late Mitsotakis admitted that bringing his rival to court was the wrong move. SYRIZA’s stance seems
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingThe Greek government’s Hercules scheme for reducing bad loans on the books of the country’s four... by the Ministry of Finance (MoF), the application relates to two of the bank’s three securitisations..., are the first securitisations of NPEs in Greece and are “considered key components of Eurobank’s frontloaded
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Athens closes border, looks for EU support to ride out migration storm
PoliticsGreek Politicsafter tense weekend on the country’s border with Turkey and on the Aegean islands. Greek authorities... has also proved popular as Greeks defend the government’s decision to defend the border, where... the Commission, may adopt provisional measures for the benefit of the Member State(s) concerned
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Newsletter 250 -11/05/2020
to relax limits The European Commission provided a glimmer of hope for Greece’s tourism industry... recommended that Europe’s external borders remain closed to arrivals from third-party countries until... by the Commission set out a level The European Commission’s guidelines on reopening the tourism industry
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Survey shows investor interest remains solid
EconomyFeaturesthat foreign direct investment (FDI) is expected to play in Greece’s recovery going forward. It showed... of Greece’s FDI in 2019 had been in the digital technology sector, approaching the EU level of 19 percent... of respondents said that the country’s image as a potential investment destination has improved in the last
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Clock ticking on Greek and EU reaction to Turkish activity in East Med
PoliticsForeign PolicyPrime Minister Kyriakos Mitsotakis is expected to raise Greece’s concerns about Turkey’s activities... continental shelf. Instead, it was left to the EU’s high representative for foreign affairs, Josep Borrell, to put out a statement to the media in which he said the foreign ministers had “reaffirmed the EU’s
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