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Opposition mulls censure motion as poll makes public discontent over Tempe clear
PoliticsGreek PoliticsThe first opinion poll published in the wake of the latest developments linked to the Tempe train crash made grim reading for the government, which is bracing to face further pressure from its political rivals. The MRB survey for Open TV indicated that ...
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Greece makes first contact with new Syrian leader as PM chases up missile issue in Paris
PoliticsForeign PolicyGreece has decided to take its first steps towards building close ties with a post-Assad Syria. That was the main aim of the visit made by Greek Foreign Minister Giorgos Gerapetritis to Damascus on Sunday, where he met with Syrian Interim President Ahme...
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Mitsotakis makes new bid to break deadlock with farmers as govt ponders relief measures
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis’s meeting this Monday with protesting farmers is being framed as a decisive moment in a standoff that has stretched for nearly 50 days. Scheduled for 1 p.m. at the Maximos Mansion, the talks bring together representati...
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Karystianou’s party makes political debut as confrontation over scandals continues
PoliticsGreek PoliticsMaria Karystianou’s new political movement was launched in Thessaloniki on Thursday evening in what was far more than a conventional party unveiling. It marked the transformation of a social trauma into a political project, and the shift from collective...
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PM uses island visit to highlight border control as Tsipras makes decentralisation play
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis used a visit to the Aegean island of Leros on Monday to sharpen the binary choice he wants voters to confront at the next election, contrasting the current state of border security and migration management with the rec...
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economy, including 5.8 billion to Eurobank, which was fully recapitalised by HFSF. This figure was later increased by 681 million to 25.6 billion, following the acquisition of Hellenic Postbank by Eurobank... 81 to 84 percent for Alpha, National and Piraeus and 95 percent for Eurobank. The resolution costs
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Where Greek banks stand ahead of capital needs disclosure
EconomyGreek systemic banks (Alpha, Eurobank, National and Piraeus) and informed them about the outcome... the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National... recap process. Eurobank has already initiated a capital increase process of 2 billion with anchor
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Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
EconomyBankingof our mission,” she said. Sakellariou also confirmed that the troika had opposed the National-Eurobank... favoured the deal. She dismissed criticism relating to the price of Eurobank’s last capital increase... the Eurobank shares last year. Sakellariou said the fund’s primary mission was to deal with banks’ negative
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DTA may spell new trouble for Greek banks
Agoraranging from a low of 35.9 percent for Alpha to a high of 53.8 percent for Eurobank. The comparison with the tangible equity (TE) - which also excludes preference shares of 950 million for Eurobank... of TE. Alpha enjoys the lowest ratio at 37.1 percent, with Eurobank at the high end at 71.6 percent
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Greek banks' equity raising could keep official support to a minimum
Economysplit among the four systemic banks. The first tier includes Alpha and Eurobank, with capital needs.... Eurobank The bank announced on October 29 a voluntary exchange offer for a total of 877 million... securities. We understand that Eurobank could strengthen its capital base by up to 790 million if all
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