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Newsletter 459 - 11/04/2025
the latest development, stock exchanges rebounded strongly, although the positive sentiment ended up... the positive soundbites. The IMF and Bank of Greece presented this week their latest growth estimates... both have not factored in any major effects from the global turbulence and the latest events led
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
EconomyThe European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA limit remains at around 89 billion euros. Although th...
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What the latest set of prior actions mean for home foreclosures
EconomyThe second draft bill containing prior actions requested by Greece’s lenders is due to be voted on in the Greek Parliament late on Wednesday. The final bill includes only the two measures referred to in the eurozone statement, namely the adoption of the...
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Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras
PoliticsForeign PolicyGreece has agreed to provide the facilities needed to host 50,000 refugees while they wait for reallocation as part of a new EU agreement brokered on Sunday. The deal struck in Brussels will see Athens find spots to accommodate 30,000 people and the UNH...
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgrammeThe omnibus bill with the second set of prior actions required for the disbursement of the next sub-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill was approved by the 153 coalition MPs, while To Potami vo...
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingHellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved financial offer for the sale of 67 percent stake in Piraeus Port Authority (OLP). The offered amount stands at 368.5 million, which corresponds to 22 euros...
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Greece's latest GDP figures and what to expect for the rest of the year
AgoraThe flash estimates released by the Hellenic Statistical Authority (ELSTAT) on Friday were a positive surprise, with the seasonally-adjusted (SA) GDP growing by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016, while it contracted...
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Latest data highlights how hard it is for unemployed Greeks to find jobs
SocietyOut of all the people in Greece who were unemployed in the fourth quarter 2015, 94.6 percent remained out of work in the first quarter 2016, in what is the highest rate in the European Union, data from Eurostat has shown. Only 4.3 percent of jobless Gre...
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Arrears clearance meets September target, unlocks latest tranche
EconomyProgrammeThe European Commission (EC) published a note for the Eurogroup Working Group on Tuesday regarding the monitoring of net arrears clearance in the July-September period. Its positive assessment paved the way for a decision by the Board of Directors of th...
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Greece and institutions wrap up latest talks with no progress on difficult issues
EconomyProgrammeDiscussions between the institutions’ mission chiefs and Greek officials continued on Thursday without any agreement on the out-of-court mechanism, energy, justice and product markets that were in focus during the meetings. Energy Minister Giorgos Stath...
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