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Greece working on plan for multilateral talks in East Med
PoliticsForeign Policyin the proposal are Greece, Cyprus, Turkey, Egypt and Libya. The conference does not include Israel... to be Ankara’s refusal to participate in any forum that excludes Turkish Cypriots, while Libya... from Libya to represent both factions. Whether conditions on the ground make this feasible remains
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Greek bank capital increases: A breakdown of what has been achieved
Economywith cancellation of pre-emptive rights. A few weeks earlier, Eurobank had raised a higher amount..., 84 percent in NBG and Alpha and 95.2 percent in Eurobank by injecting an aggregate capital of 25.5... in Eurobank as it had fully covered its capital shortfall. Since the HFSF did not participate in recent
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Newsletter 179 -19/10/2018
and local votes. GDP revision shows slight improvement Second estimate strikes positive note as govt submits draft budget Greece’s Statistical Authority (ELSTAT) issued its second estimate of the national... regulation of the European System of National and Regional Accounts ESA 2010. The first estimate for 2017
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ECB tests find negligible capital shortfalls at Greek banks
Economy(Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million... shortfalls, whilst Eurobank and National (NBG) displayed a capital shortfall of 71 and 273 million... no shortfall and Eurobank has practically no shortfall. This seems an indirection of the country report
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economya minority stake in Eurobank (35 percent) and a majority stake (57 – 67 percent) in the other three core... to ease debt servicing. In addition, he outlined a national plan for reconstruction at an estimated... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures
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What lies at the heart of differences over Greek banks' capital needs?
Economyof the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank... its own estimates if Athens proceeds with the disclosure of its own forecasts. The FT indicates the ECB has similar estimates to the IMF and has also pushed for Greece to take a closer look at its
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Last round of Greek banks' recapitalisation drastically shifts shareholder structures
Economyand now stands at 11.01 percent in Alpha (from 66.24 percent before), at 2.38% in Eurobank (from 35.41... respectively. In Eurobank, Fairfax and Capital hold 16.88 and 8.34 percent of the bank’s shares... in Alpha, 65 million in Eurobank, 50 million in NBG and 70 million in Piraeus. In the recently held
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign Policyto try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyon the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya
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