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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek Politicsbut with the IMF not returning to the programme with funding until the debt relief issue has been settled... in QE. However, Bank of Greece governor Yannis Stournaras has also said that a legally-binding
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Surveillance hearings in Athens and Brussels highlight contrasting approaches to issue
PoliticsGreek Politicsis now taking a carrot-and-stick approach to hitting a binding 10 pct energy savings target across the public sector. Public authorities which fail to meet the target will see funding cuts and hiring
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Government dismisses EP rule of law resolution in midst of opposition outcry
PoliticsGreek Politicsfor the prime minister as an anti-populist social progressive. Although the vote is non-binding... funding, as well as 700 million euros’ worth PPP contracts to upgrade student accommodation. Pierrakakis
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The immediate economic and financial hurdles for the new Greek government
EconomyProgramme. The first relates to the coverage of the country’s funding needs, which stand at 1.6 billion euros... 2 billion euros and new funding could stem from extraordinary T-Bill issues of 1.5 – 2 billion... for T-Bills, an approval by the troika is required for any incremental borrowing using this funding
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Piraeus port privatisation moves a step closer
EconomyBankingThe deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting..., press reports indicate that only COSCO submitted a binding offer on Monday. COSCO, one of the largest
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected.... However, the agreement remained on paper with Piraeus noting in April 2015 that the binding exclusivity
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgrammewith a binding timetable on a comprehensive mechanism of effective management of private debt. In addition..., which signed a binding agreement with KKR Credit for the management of 1.2 billion corporate NPLs
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Athens facing final steps in third review as next milestones identified
EconomyProgramme, the completion of the tender for gas grid operator DESFA (the deadline for binding offers is February... with binding targets for employment, growth and fiscal discipline. If eurozone finance ministers give the green
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Banks focus on defining challenge of reducing NPEs
EconomyBankingby Alpha Bank announcing in March that it signed a binding agreement with B2Holding group for the disposal... of NPLs by the bank to around 4 billion across 2018. Today, Piraeus expects to receive the binding offers
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingindicates that non-binding bids must be received by December 10, and binding bids by the end of February
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