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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeand the institutions in Athens, paving the way for the Greek government to complete the remaining prior actions so... will now be for the Greek government to implement the prior actions that have been agreed,” said... actions have to be completed. This was acknowledged by Greek Finance Minister Euclid Tsakalotos, who said
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammemuch groundwork has been done on the 88 prior actions and that many of them can be ticked off.... The institutions are due to return to Athens next week, resuming talks with Greek government officials... by then but the Greek government will have to show that it is making progress towards concluding
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingcore Greek bank that is off ELA while retaining a liquidity buffer. Stress test Under the 2018 EU-Wide... to the one-off impact of IFRS 9 implementation, additional restructurings and sustained deleveraging... peers. The total Greek loan yield fell slightly to 377 bps from 388 bps in Q4. Fee income fell by 5
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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammeto 14.3 percent in 2022. Fiscal The Greek authorities expect very strong fiscal performance over.... Interventions outcomes updated Keeping in mind that last May, the Greek authorities legislated fiscal... and 143 million from the recalculation of social benefits. The agreement the Greek authorities had
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The race to reduce Greece's bad loans
EconomyBankingdown bad loans in the first quarter of the year. Excluding off-balance sheet items, the non... the most recent operational targets submitted by Greek banks to the SSM, NPEs stand to be reduced... (Q1) results showed that the pre-write off NPE stock fell by 304 million euros, bringing it to 32.2
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammethe Greek programme, most notably the disbursement of 15 billion euros of the final disbursement, which... in the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... percentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised
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Loss of MP upsets coalition plans to build on positive momentum
PoliticsGreek PoliticsEurogroup agreement this week but instead his government is trying to fend off speculation about whether..., an apparent reference to shipowner Vangelis Marinakis and Greek-Russian businessman Ivan Savvidis, with whom... a dispute between its leader and the Greek king at the time. “Apostasy” and “apostate
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesWith three quarters of the year now gone, the Greek government still has much ground to cover... authorities and the Greek Parliament. The new sum for the concession agreement is significantly... for interested parties to provide financial advisory services. In June, PPC approved the spin-off
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Greece's never-ending election campaign
Agorawell-off will be those who will benefit most from the return of economic growth, supported by measures... that the conservatives are just shy of the support needed to gain 151 seats in the 300-seat Greek Parliament... future. Where Tsipras wants the state to look after the worst-off, Mitsotakis envisages a booming economy
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European Commission report due to set tone for build-up to March 11 Eurogroup
EconomyProgrammein Parliament on Tuesday. It appears that a vital element to getting the lenders to sign off on the government’s proposal, which was tweaked following talks with Greek bank CEOs, is that the new... new payment schemes to allow taxpayers to pay off what they owe over lengthy periods
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