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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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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammeThe Greek government is set to take the next step in its efforts to call off next year’s pension... the coalition pre-legislated in 2017. However, the Greek premier also knows that any indication of a unilateral... the return of the ANFA and SMP profits from Greek bonds. The first instalment of more than 600 million
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Fears and reassurances over PPC's dire finances
EconomyFeatures. The national power company has been treated with kid gloves by various Greek governments during... the then-New Democracy government’s calls to downscale PPC and sell it off in pieces, calling.... Old-fashioned Although its hold over the Greek power market has been loosening lately as consumers
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Primary surplus target still on lenders' agenda despite snap elections
EconomyProgrammewill not disappear for the current Greek government or its successor. Reports in the Greek media on Tuesday... that the measures implemented for this year have thrown the budget off course and that the 3.5... that the announcement of the measures led to an in increase in Greek bond spreads. However, the news
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammeThe new Greek government formed after the July 7 elections is unlikely to have to face probing... for Thursday’s Eurogroup and that the Greek issue would not be examined again until the Euro Working Group... by then. The next Eurogroup meeting due to take place on September 13 in Helsiniki, where the next Greek
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Newsletter 212 -28/06/2019
ND wards off low turnout threat Voters urged to take part as poor participation could hinder..., Golden Dawn, Greek Solution and MeRA25. New Democracy would get 156 seats, SYRIZA 75, KINAL 22, KKE 16, MeRA25 11, Golden Dawn 10 and Greek Solution 10. A Metron Analysis poll published in Sunday’s
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