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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsthe bank’s balance sheet and enhance its capital base. The bank has made significant progress on all... and downward price revisions for all systemic banks. Another factor that has affected investors’ stance..., by 2021. While the more aggressive approach to NPL reduction is seen as positive move, it has also
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Kammenos deviation raises more questions about coalition's endurance
PoliticsGreek Politicsnot represent government policy, which has centred on extending the agreement for the US to use the Souda Bay naval base in Crete. It should be noted that Washington has also not shown an interest... minister has mainly been dismissed by the opposition parties as another piece of political theatre
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgramme, Athens has decided to stick with the formula it followed earlier this month and not send the budget..., Tsakalotos has argued that Greece can beat its fiscal targets and use the excess surplus to increase... for a two-year period. Without the savings from the pension cuts, Athens has to rely on the fiscal
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ND steers greater attention towards institutional failings as elections approach
PoliticsGreek Politics. Outspoken Alternate Health Minister Pavlos Polakis has been a particular target for New Democracy’s... has a chance to win the next elections if it ensures “some people go to jail.” New Democracy leader....” This is not the first time that Mitsotakis has tweeted on such an issue in English. In September, he took
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Amid coalition bickering, Skopje vote lights up path to snap elections in Greece
PoliticsGreek PoliticsDefence Minister Panos Kammenos has vowed to stick with the government until the Prespes Agreement.... In Skopje, Parliament still has to hold two more votes regarding the changes that have to be made... whether the prime minister actually exercises any influence over his governing partner. Tsipras has
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeon the sidelines, on November 19 so that the matter can be settled before Athens has to submit the final... was played down by much of the Greek media, which has focussed on the final decision most likely being.... The difference that has to be bridged between now and November 19, if the Greek issue is on the agenda
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Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
EconomyMacroeconomy, European Commission (EC) figures revealed on Tuesday. Sentiment has stayed above the 100-point mark... the index came to 99.8. Compared to October 2017, the ESI has risen by 2.5 points. Consumer confidence rose strongly by 6.6 points to -38.3. Year-on-year, consumer confidence has improved by 15.4 points
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeThe International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget. The Fund has gradually taken a backseat
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Unemployment at 18.9 pct in August, unemployed remain under 1 mln
EconomyMacroeconomypercent. August’s figure marks the fifth consecutive month that unemployment has remained under 20 percent and the first time since August 2011 that it has dropped under 19 percent. During the month... million people, marking the fourth time that the figure has exceeded 3.8 million since February 2012
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign PolicyTension between Greece and Turkey has been relatively high over the last couple of weeks due to developments related to hydrocarbon research in the Eastern Mediterranean. Even though Athens has not detected any so-called “provocations” from Turkey over Aegean-related issues, it has noticed
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