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Overall loan interest drops to series low of 4.06 pct in March
EconomyMacroeconomy, which includes credit cards, open account loans and overdrafts rose by 2 bps to 14.67 percent. The average interest rate on consumer loans with a defined maturity at a floating rate rose by 2 bps to 10.67
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legalthe Union’s 2030 target for climate set out in Article 2(11) of Regulation (EU) 2018/1999... in difficulty, as defined in Article 2(18) of Commission Regulation (EU) No 651/20145, unless
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... billion euros of NPEs through two portfolios: Phoenix, which is worth 5 billion, and Vega for 2 billion
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingas joint lead managers for a 500 million-euro issue of subordinated Tier 2 bonds. If comes after the bank.... The Tier 2 bond issue will bolster the bank’s capital adequacy by about 150 basis points
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyis 27.9 billion euros, 11.6 billion last year, 14.3 billion this year and 2 billion euros in 2022...-pandemic surveillance commitments with surpluses of 2 pct and 2.9 pct in 2023 and 2024
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PM expected to reshuffle cabinet in bid to leave wildfire damage behind
PoliticsGreek Politicsin ENFIA property tax, the lowering of the corporate tax rate by 2 points to 22 pct (at a budget cost... to the GPO survey, the government’s support has dropped 2 percentage points since the last poll in June
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Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsJanuary 2, include a return of the mask mandate in all public spaces, with double masks or high... to the country will be required to take diagnostic tests on days 2 and 4. The minister added
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IMF urges caution on public finances
Economystance that Greece should record a primary surplus of roughly 2 pct of GDP, which it sees being achieved by 2027. This will follow a deficit of less than 2 pct of GDP this year, contingent on the need
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Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
EconomyMacroeconomycurrent commitment is for a primary surplus of roughly 2 pct of GDP. Despite the fiscal laxity since... as Greece is scheduled to have a primary deficit of close to 2 pct of GDP this year, as the Ukraine
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Government claims tourism season a major success, opposition begs to differ
PoliticsGreek Politicsis preparing around 2 billion euros in interventions this autumn. This includes electricity and fuel..., but it appears that this will not involve the government shifting its 2 pct of GDP primary deficit
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