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Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomyGreek banks continued meeting their non-performing exposure (NPE) reduction target in the first... by the Bank of Greece (BoG) on Tuesday afternoon. However, they were slightly off-target for non..., Greek banks submitted their operational targets to the Single Supervisory Mechanism (SSM) of the ECB
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OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomy-operation and Development (OECD) notes that the Greek economy is starting to recover and its fiscal... and has kept Greek government bond yields at high levels. However, the preliminary agreement reached... of improvements in tax compliance and one-off revenues from tax arrears. Going forward, the OECD
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Collapse of Cyprus talks, "Justice March" raise risk of offshore drilling standoff
Agorathe leaders of the Turkish and Greek Cypriots were due to hold talks in Crans-Montana, Switzerland, in what... exploratory activities off the coast of northern Cyprus, which could not only trigger a confrontation with the Cypriot government but potentially also draw in the Greek navy and escalate into a major
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Athens forced to consider shelving market access plans for now
PoliticsGreek Politics“in principle” on Thursday the organisation’s participation in the Greek programme, it emerged... would have given Athens around 10 billion euros more in leeway. It was suggested that the Greek... of Greece governor Yannis Stournaras last week that Athens would be better off pushing through a couple
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I know what you did the summer before last
Agoraif Greece left the euro, apart from Greece. Searching for secret plots now seems an absurd way for Greek... a series of amateurisms driven by woolly thinking. This is a question that the Greek political system... the weaknesses that led to much of the country sticking its fingers in its ears and blocking itself off
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Georgiou conviction may test relationship with lenders
PoliticsGreek Politicsat the International Monetary Fund for the first few months that he held the post at the Greek... that today’s ruling is open for appeal on legal grounds before the Greek Supreme Court.” The concern among... into concerns about the independence of the judiciary, with the government recently trying to fight off
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ND moderates catch some flak, suggesting delicate party balance
PoliticsGreek Politicsof previous Greek leftists, which triggered a stream of criticism on social media from apparent right-wing... views, which cut us off from the moderate audience.” These views encapsulate the political struggle..., that the decision about which high school students should carry the Greek flag at national parades should
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Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
PoliticsGreek Politicsof the Greek Constitution to be changed. Mitsotakis also spoke of setting up prototype schools in each region...” at Greek institutions. He said that New Democracy’s student arm, DAP would be reformed... off Athens because a staunch SYRIZA supporter worked at the company that owned the stricken tanker
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsin Greek courts if they are vindicated by the European Court of Human Rights (ECHR). Justice Minister... Greek citizenship to second generation migrants, New Democracy and PASOK sensed an opportunity... the decision that they will do whatever is necessary to fight off their political opponents and remain
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PM hopes to avoid stumbling blocks amid numerous outstanding review actions
PoliticsGreek PoliticsThe institutions’ mission chiefs are due to begin talks in Athens on Monday with Greek government... for the December 4 Eurogroup, several prior actions have to be ticked off each week between now and then. Apart... impact in terms of press coverage. Finally, the state of Greek banks and their management of non
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