Search
-
SYRIZA ups stakes over bankruptcy code as govt faces embarrassment over missing GD bigwig
PoliticsGreek Politicsother tools at their disposal before they need to impose a second full lockdown. The PM’s...’s decision to submit a censure motion against Finance Minister Christos Staikouras over... threatening Staikouras’s place in the government. Instead, it is a tactic chosen by SYRIZA to draw
2% -
Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
PoliticsGreek Politics. The government’s aim is for 90 pct of the package to consist of cash payments, which it hopes will lead... and households from the pandemic’s economic fallout and that this issue is gradually turning into a thorn in the government’s side. Opinion polls over the last few months have suggested a high level
2% -
Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingPiraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre... of December 2019. This stems from the utilisation of ECB’s longer-term refinancing operations (TLTRO... amounted to 48.5 billion in 9M, while net loans came to 38.3 billion. The bank’s domestic performing
2% -
Newsletter 278 -14/12/2020
are seen as vital to boosting the economic recovery expected next year. New Democracy’s economic plan... with representatives of the business sector. Tsipras repeated his party’s opposition to implementing the new... to the Labour Ministry’s ERGANI database, in November, when the second national lockdown was imposed
2% -
Greece prepares to relax lockdown amid concerns about toll on economy
PoliticsGreek Politicsparty’s leader Fofi Gennimata decided to remove MP Andreas Loverdos from the position of parliamentary spokesman. Loverdos is one of KINAL’s most high-profile parliamentarians, however the former... considered to be from the party’s progressive wing. In a TV interview on Thursday, Gennimata
2% -
Newsletter 281 -22/01/2021
Covid-19 restrictions, Kyriakos Mitsotakis intervened on Wednesday to suggest that the government’s next... wait,” Mitsotakis told Parliament as he explained that his administration’s focus is on getting teenagers back in school. His comments came as the local media speculated about the government’s next
2% -
Hercules nears end of its first cycle with National Bank's participation
EconomyBankingThe government’s Hercules Asset Protection Scheme (APS) for reducing bad loans on the books of the country’s major banks now includes all four systemic lenders following National Bank of Greece’s.... The Frontier securitisation reduces NBG’s stock of non-performing exposures by more than 60 pct
2% -
Greece's EU journey: Solidarity hard to come by, but two-way approach also lacking
Agorafor Greece’s accession to the European Economic Community in 1975, often used to point out to his European counterparts. His point was clear: that his country, the birthplace of democracy and of Europe’s...’s desire to apply for the EEC, he famously shouted, “over my dead body.” However, Karamanlis
2% -
Protests and policing shake up political agenda as early election scenarios resurface
PoliticsGreek Politicsturning point for the country’s main political parties. The clash between government and opposition... Mitsotakis’s government to adopt a clearer stance on policing. The utility of the “zero tolerance” approach... to back non-violent demonstrations. SYRIZA’s position was eased considerably by the decision
2% -
S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
EconomyIn an unexpected move late on Friday night, S&P upgraded Greece’s rating by one notch to ‘BB’ from...-‘ with positive outlook. Last April, it revised Greece’s outlook to stable from positive. Following last Friday’s move, S&P is now on a par with Fitch. Both are ahead of Moody’s, whose rating stands at ‘Ba3
2%