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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingbasis points. Piraeus Bank’s first quarter (Q1) results showed that the pre-write off NPE stock fell... their targets for bringing down bad loans in the first quarter of the year. Excluding off-balance sheet
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SYRIZA working on package of expansionary measures to provide political boost
PoliticsGreek Politicsfrom 2019 and the tax cuts would not be one-off measures. "We have a constant ability to have... is key to Tsipras's election planning. If the intervention is put off or counter-balanced
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsthat there will only be a possibility of calling off the fiscal measure if the unified social... to be countered by one-off benefits from the fiscal overperformance so that retirees do not feel
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Mitsotakis steps up pressure on coalition over wildfire deaths
PoliticsGreek PoliticsSYRIZA appointees). The government has so far fended off calls for ministers or public officials...-key, non-confrontational approach taken by Mitsotakis paying off in the next opinion polls
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBanking. The change was attributed to the one-off impact of IFRS 9 implementation in Q1 and the repricing... refinancing operations (TLTRO ) funding. NBG remains the only core Greek bank that is off ELA while
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammepercent of GDP reduction in pension spending to be called off. The government believes that its... Greece’s economic argument but the concern that agreeing to call off the cuts will create political
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesfor interested parties to provide financial advisory services. In June, PPC approved the spin-off... Corporation for Assets and Participations with the intention of them being sold off. The Ministry denied
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingloans off the lenders’ books via a Special Purpose Vehicle (SPV). A Bloomberg report suggests that up... quickly off track. Banks have seen deposits start to trickle back recently and the relaxation
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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... future. Where Tsipras wants the state to look after the worst-off, Mitsotakis envisages a booming economy
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Newsletter 186 -07/12/2018
, possibly killing off any hopes the coalition has of issuing a bond in the coming months. Speaking last... billion euros from the cash buffer to pay off part of Greece’s debt to the International Monetary Fund
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