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What brought down Golden Dawn?
Societyof the national and the European Parliament after losing more than half its voters. A lot has happened... and a laundry list of other criminal charges. Greece has completed its economic adjustment programme... in the subsequent national elections was even more dismal. The party has performed better in both European
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Government looks to boost business-friendly credentials with visits, progress on investments
PoliticsGreek Politics, the trip is being pitched as part of a charm offensive to convince European leaders that Greece has.... Mitsotakis sees it has his mission to convince key European partners of his government’s determination... and Investment minister Adonis Georgiadis. While the legislation is being drafted, the cabinet has been
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeGreece has launched the formal process to pre-pay part of the loans it has received from... the expensive part will be prepaid,” he said. “So Greece would save interest payments and the IMF has... be that this works.” Overall, Greece has a rather benign maturity profile over the coming years with debt
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ND promotes positive narrative abroad, away from inquiry clash at home
PoliticsGreek Politicsto 30 billion euros of NPLs from banks’ balance sheets as soon as possible. The plan has been submitted...) is also being lined up. It appears that the Latsis Group has decided to hold on to the 45.5 percent... months. The government has reduced ENFIA by an average 22 percent this year, leading to the total
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Newsletter 223 -11/10/2019
. Nevertheless, for the time being the government has achieved its political goal of showing..., the government has achieved its political goal of showing that it intends to live up to its tax cut promises... “evidence from the last 30 years” shows that reducing corporate taxes has minimal impact on growth
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBanking, Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1... billion. NBG currently has the smallest amount of bad loans on its books, with the bank reporting... value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE sales
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Greece aims to bolster Balkan role to dull impact of EU veto for Skopje, Tirana
PoliticsForeign Policypresidency as of January 2020. The Greek government has already contacted members of the government in North... Kyriakos Mitsotakis met with his Albanian counterpart, Edi Rama, last Tuesday. Dendias has tried... back and we could return to what has happened. Otherwise we cannot lie to the people that we
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBanking-performing credit will stay on the Bank’s balance sheet. The managing entity, Intrum Hellas, has already... noted the extremely slow judiciary process in Greece as a problem. Piraeus Bank has the highest NPE... not carry an investment grade credit rating. The final version of the Hercules scheme has not yet been
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Newsletter 227 -08/11/2019
and Greece’s GDP. The measure that has been capturing most attention outside of Greece... Democracy has taken on this issue, which was the highest rating for the seven policy areas the pollsters... caused further trouble for the government this week. The Greek government has been trying to assuage
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Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek PoliticsThe government has submitted its second tax bill to Parliament, paving the way for income... to the International Monetary Fund’s proposals. Over the last few years, the IMF has persistently called... of the tax bill and the extensive coverage the issue has received in the Greek media over the past
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