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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingwhich completely transformed the Greek banking sector. Piraeus kicked off the M&A activity by absorbing...Greek banks reduced their branch network and employees in the domestic market further, according... percent in the number of branches and personnel in the Greek market, respectively, versus figures
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Unease grows as new round of Cyprus talks approaches
PoliticsForeign Policyoff the talks if there is no real progress the first three days. A UN source speaking to Cypriot... that both Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades secured the EU's..., was not objective or impartial.” They claim that Eide has not included in his proposed document the Greek
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Newsletter 125 -30/06/2017
kind of credit line. This claim will undoubtedly have set off the alarm bells among Greece’s lenders... not materialise is one of the reasons that the Greek public appears unimpressed by the June 15 Eurogroup... needs ratios “point to serious concerns regarding the sustainability of Greek public debt”. Along
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politicsa decision on the Greek programme on July 20, which is seen as a cut-off point if Athens is to tap... move that could prove timely if the Greek government decided to try to tap the markets in the coming... that Greek debt is not sustainable, reports have suggested over the last few days. A government official
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingoperations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million... The Greek non-performing exposure (NPE) stock was reduced for the fifth successive quarter by around... on the new Greek time deposits stands at 70 basis points (bps), while the total book is priced at 89 bps
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingto 1.77 billion. Asset quality Pre-write off non-performing exposure (NPE) formation fell by 180... billion euros versus 933 million in 2016, with the Greek cost of risk for 2017 coming to 464 bps over... of short term measures for Greek public debt relief: from 13.2 billion holdings in December 2016
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No breakthrough on debt talks at Eurogroup but June 21 goal remains
EconomyProgrammehopes that progress would be made in bridging the gap. European sources quoted in the Greek media... the long-term sustainability of the Greek debt. To that end, we have mandated the institutions to produce... have mandated our deputies to flesh out further all the loose ends of the Greek package. At our next
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Fourth review nears conclusion, clearing path for debt relief agreement
EconomyProgrammeGreek ministers and representatives of the institutions held a teleconference on Monday to discuss... agreement, including debt relief, can be reached at Thursday’s Eurogroup. According to Greek sources... suggested that the path is now clear for the European Commission to finish off its compliance report
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammewith Greek financial news website Capital on Tuesday. “It is very important that he said that he... on the way forward for the policy commitments that the Greek government has taken in the past.” He... necessary and that the Greek side will argue in its discussions with the creditors that going ahead with a 1
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Lenders' visit concludes with no firm answer on pension cuts
EconomyProgrammewith no final decision on whether the pension cuts due to be implemented next year will be called off, but with the Greek government confident that it will be granted this concession by its lenders. Government... will not be included in the 2019 budget, which Greek Parliament is due to approve in December. This provided
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