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APS option to help banks with bad loans seen gaining ground
EconomyBanking’ worth of bad loans. The process aims to reduce the bad loans of the four systemic banks to 22 percent
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Human Rights Commissioner calls for improvements to battered healthcare system
SocietyA report by the Commissioner for Human Rights of the Council of Europe has shown the severe impact of the country’s crisis on Greece’s healthcare sector as well as the health of Greeks. The report was compiled following a four-day visit to Greece by the Commissioner in June this year. The report
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Trade deficit jumps by 39.1 pct in September and rises by 1.4 pct in 9-month period
EconomyMacroeconomyfour consecutive months during which the deficit has grown. Imports continued to outpace exports
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CPI up by 1.8 pct in October, highest since March 2017
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.8 percent in October after having risen by 1.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday. After four years of deflation, 2017 was the first year that overall prices rose in Greece. The positive streak
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Apartment prices up by 2.5 pct in Q3 as recovery trend continues
EconomyMacroeconomypositive for four months. For the first seven months of the year, permits issued rose by 8.4 percent
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Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
EconomyMacroeconomypositive for a second month after four straight months of negative balances. For the same period last
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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthe Macedonia name issue, has dropped by four points to 17 percent. Almost two thirds (65 percent) of Greeks
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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingof provisions over loans will be brought down to 41 percent from 49 percent. All four systemic
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans. The bank will transfer its portfolio of bad loans to the SPV in an effort to speed up its
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Primary surplus confirmed at 6.44 bln in October on revised budget targets
EconomyMacroeconomyat a surplus of 1.63 billion euros, staying positive for a second month after four straight months
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