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Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
EconomyBankingnewspaper in an interview published on Sunday. The HFSF’s original paid-up capital stands at 49.7 billion... of the HFSF pointed out that this would put the the fund’s recovery value at almost double the IMF... according to the fund’s Q1 2014 financial statements. The drop of the value of HFSF shareholdings
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In bid to polish SYRIZA's image, Tsipras visits Mount Athos monks
PoliticsGreek Politicsby members of the monastic community. However, there can be little doubt that Tsipras’s two-day stay on Mount... SYRIZA’s stance on religious issues. Given that Greece is one of Europe’s most religious countries... with the church in a relationship built on social conservatism. SYRIZA’s liberal approach to social
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingfell from 95.2 percent to 35.4 percent, which is currently the recap fund’s lowest holding in the four core banks. In addition, since HFSF’s shareholding dropped below the 50-percent threshold, it now has restricted voting rights. In Alpha Bank, HFSF’s shareholding decreased from 81.7 percent to 69.9
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Poor poll figures leave Samaras in quandary over next move
PoliticsGreek Politicsfor grim reading for the government in other ways too. The coalition’s efforts to focus on positives... by the troika, while the government’s approval rating is at just 16 percent. A clear majority of Greeks (54.... That percentage has risen from 41 in July to 43 in September. During that time New Democracy’s share fell from
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The arduous road of privatisation in Greece
Agoranews. First, the Greek privatisation agency confirmed its medium-term revenue targets. The HRADF’s... of 2016. Bouchoris’ three predecessors have constantly had to revise downward the HRADF’s revenue projections. Thus, the new CEO’s optimistic outlook has to be viewed with a sense of caution. All
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Samaras and Tsipras prepared to go toe to toe all the way to February
PoliticsGreek PoliticsIn true pre-election mode, Prime Minister Antonis Samaras and SYRIZA’s Alexis Tsipras attempted..., the figure who has found himself at the centre of political developments in Greece. Samaras’s meeting... as Samaras also does no harm to Tsipras’s attempt to appear more prime ministerial as the possibility
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Stalled troika talks stretching Greek coalition cohesion to limits
PoliticsGreek PoliticsThe lack of progress in Greece’s talks with the troika and the possibility that the government... that it will inflict even more damage on their party’s rapidly declining popularity. However, there has... when New Democracy’s parliamentary spokesman Adonis Georgiadis publicly blamed PASOK for holding up
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Challenging three days of diplomatic talks, protests and budget voting ahead for Greece
PoliticsForeign Policybetween Greece and Turkey, amid a dispute over Cyprus’s exclusive economic zone (EEZ). There have been..., the Barbaros, from Cyprus’s EEZ unless there is a deal between the Greek- and Turkish-Cypriots to co-manage the island’s hydrocarbon reserves. Nicosia, though, insists that such a deal can only come
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Samaras, Venizelos opt for earlier presidential vote in high-risk strategy to save coalition
PoliticsGreek Politicsnominee. It is highly unlikely that there will be an en masse move of these MPs to the government’s... (debt relief, early bailout exit, end of International Monetary Fund’s role, etc) that they thought... for an ECCL. This tight schedule may not have been of the government’s choosing but it certainly does
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Coalition edges towards 180 votes for president but close to exhausting resources
PoliticsGreek Politics. Eight more independent lawmakers voted in favour of Dimas compared to last week’s ballot, taking to 13 out of 24 the number of non-aligned MPs that have supported the government’s candidate... deputies have stated clearly that they will not back the government’s candidate. While the coalition
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