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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankinginclude one off gains related to the Visa transaction and sale of EFSF bonds and the negative impact from... dropped by 2 percent in the first half (H1). Cost containment in the bank’s Greek operations was more... to 37.6 percent in the Greek market. The NPL cash coverage ratio increased to 65 percent in Q2 from
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Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
PoliticsGreek Politicsof 100 billion euros in the Greek economy over a five-year period, taking private investment up to 20... particularly well with), before rounding off with a pledge to welcome other parties or politicians... to hold talks with Tsipras to discuss debt relief and changes to the Greek Constitution. Opinion polls
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingfrom 46.2 million in the previous quarter. Q3 bottom-line results include a one-off gain of 55 million... with the Greek ratio at 37.7 percent. The NPL coverage ratio increased by 50 basis points (bps) QoQ to 65.5... 2017 with 2-3 large corporate NPLs. According to market sources, another one Greek bank (Piraeus
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Greece, lenders inch forward after talks on settlement of tax and bank debt
EconomyProgrammeDiscussions between the Greek ministers and the institutions’ mission chiefs continued on Wednesday... be written-off. According to Economy Ministry sources, one or two meetings of the technical delegations may... have. Greek officials also argued that all creditors, namely banks, state and social security funds
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Greece worst-performer in EU 28 for social justice
SocietyGreeks employed in 2015, the lowest rate in the 28-country sample, Greece falls “dauntingly far off... a permanent placement. Likewise, young Greek workers face an uncertain future. The unemployment rate... Greek family, often including family members over three generations who pool resources, has served
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Tsipras and Mitsotakis speak to their MPs but address wider audience
PoliticsGreek Politicsemploy more on the upswing and you lay off more in the downswing; the average level of employment... issue in the talks between Greek government officials and the mission chiefs in Athens over the past... alone would not be enough to save the Greek economy. He also pointed out the growing challenges facing
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyoff-balance sheet items, the June figure stands at 106.9 billion euros, corresponding to 50.5 percent of exposures. The report notes that Greek banks submitted to the ECB’s Single Supervisory..., the report reveals that Greek banks have committed to reduce their NPEs by 37.6 percent from 106.9
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Athens settles pension handout row, looks for review progress
EconomyProgramme” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent... and the distribution of any excess. The debt relief measures were put on hold after Greek Prime Minister Alexis... that the handout to pensioners is one-off and the government does not have any intention of making
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Survey highlights strain on mental health in Greece amid financial pressure
SocietyJust over a third of the Greek population spends about three-quarters of their income on paying off bills and debts, while a further 15 percent spend almost all their income on the same expenses... with pollsters GPO, analyses the subjective health status of the Greek population. The findings were
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Tsipras facing more media intervention claims after changes at newspaper
PoliticsGreek Politicsof the firm passed to Christos Lambrakis – a legendary figure in the Greek media – in 1957... that they will not face prosecution in the future for writing off part of the money owed by the media... that Tsipras called this week for the parties to reach a consensus on the way forward for the Greek media
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