Search
-
IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgrammethe maturities of Greece’s EFSF loans by 10 years (which brings the average maturity to 42.5 years.../ANFA profits significantly improved Greece’s debt sustainability and market access prospects... of Greece’s eurozone creditors to provide further debt relief if needed but insists that this should
2% -
Cabinet reshuffle expected to presage coalition's revival effort
PoliticsGreek PoliticsFinance Minister Euclid Tsakalotos and the prime minister’s team, Tsipras does not seem to have any... for the next election battle. Tsakalotos is the informal leader of SYRIZA’s “53” faction... that such a move is unlikely to go down well with Greece’s lenders ahead of the start of post-programme
2% -
Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammeThe Greek government is set to take the next step in its efforts to call off next year’s pension... to Parliament on Monday. Given that the discussion with the institutions over next year’s reduction... to spark a reaction from the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel
2% -
Equivocal Macedonia name referendum leaves Athens hanging on as views differ
PoliticsGreek Politicsinfluence political developments in Greece as Prime Minister Alexis Tsipras’s coalition partner, Defence... in Sunday’s referendum not reaching 50 percent. Although the plebiscite was advisory, FYROM Prime..., Zaev showed no sign of abandoning the ratification process. He said that FYROM’s Parliament should
2% -
As budget talks drag on, parties focus on inflicting damage via graft claims
PoliticsGreek PoliticsIn the absence of a concrete agreement with the institutions over whether next year’s pre... that significant steps towards convergence were taken during Thursday’s meeting. They believe... will not be able to claim a political victory that he deems vital for his chances in next year’s general
2% -
Coalition indicates it will keep focus on corruption allegations
PoliticsGreek Politicsthat Papantoniou’s detention received has also rekindled the public discussion about the corruption of previous years and the part that it played in causing Greece’s economic crisis. Tsipras believes... earlier this year about Novartis bribing politicians and public officials. SYRIZA’s rapporteur
2% -
Tsipras pushes for revision of constitution, hoping to score political points
PoliticsGreek PoliticsMinister Alexis Tsipras seeks to strengthen SYRIZA’s progressive credentials and pursue some of its... to SYRIZA’s parliamentary group on Tuesday about the alterations that he would like to make. The two key.... On the presidential election, Tsipras suggested that Parliament’s inability to elect a candidate should
2% -
Tsipras encounters obstacle in efforts to secure church deal
PoliticsGreek PoliticsThe government’s efforts to reach a deal with the Church of Greece have become the subject... the prime minister’s office was to insist that only the government could decide who is classified... him to advertise 10,000 new jobs in the public sector before next year’s elections. New Democracy
2% -
Newsletter 185 -30/11/2018
rather than being carried out in one go. The other measure announced was this year’s “social dividend... left for the country’s credit institutions. BoG highlights that Greek lenders have made significant... of the NPE development that require the determined focus by Greece’s credit institutions. More
2% -
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingtargets, NBG’s NPE stock should stand at 12.6 billion by the end of next year, and at 6 billion... million. This led the group NPL ratio to stand at 34.1 percent. As mentioned, the bank’s NPE and NPL coverage stand at 59.8 percent and 83.5 percent, respectively, the highest among domestic banks. NBG’s
2%