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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek PoliticsAnother week devoted to drafting and voting new legislation awaits the government, which aims to complete the remaining bailout measures ahead of the May 24 Eurogroup. Another 1 percent of GDP... fund may prove the most sensitive as even some ministers (shipping, transport and energy) have
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingreleases Q1 results on Tuesday, with Piraeus and NBG following on May 25 and 26 respectively, while Alpha is scheduled to announce its Q1 results on May 31. Among the key factors to monitor
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme, including the interest rate, is not permitted. The loan management may be conducted by companies based.... Licensed companies that will engage in loan sales may also be based outside EEA. The Bank of Greece (BoG
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A Eurogroup deal that might be hard to stomach
Agora. Tsipras also seems stuck with the IMF, which may now stay on board even though the Greek prime... that this leaves may later be replaced by a heaviness in the stomach. You can follow Yiannis on Twitter
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HRADF's updated plan for 19 privatisation projects published
Economybids for the sale of 100 percent is set for May 31. For the latter, three investment groups have been short-listed and the binding bids are also expected until the end of May. HRADF holds a 30
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Net profit of 87 mln for NBG in Q1
EconomyBanking2 billion to 20.8 billion in mid-May. The latter is split into ELA funding of 11.2 billion and ECB... at 27.1 billion euros in May entailing undrawn liquidity of 6.4 billion. It is worth noting that pillar
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethat the government foresaw the completion of the memorandum of cooperation with investors by May 23... to the multi-bill voted in Parliament on May 22. Houliarakis said that this issue had been discussed
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Retail sales fall by 4.3 pct in March for tenth straight decline
EconomyMacroeconomyto -71.9 in May. In contrast, retail trade indicator eased by 0.5 points to 5.1 in May.
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgramme. In addition, the pension reform legislated in May involving a unified system consolidating all main... and in May is seen at 1 percent of GDP in 2016, rising to 1.7 percent in 2018 and further to 2.2 percent
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Uncomfortable parallels: The Greek and British referendums
Agora, with the overwhelming win for the “no” camp, and as may happen in the UK, with “Leave” leading in many opinion... that Britons “have had enough of experts”. Polling data suggests that as glib as Gove’s comment may appear
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