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NBG strengthens capital at deep discount, falls short of initial target
Agora. The bank said it has raised a total of 1.17 billion euros so far, including the outcome... under the baseline and at 4.48 billion under the adverse stress test scenario. Summing up, NBG has... stands at 1.13 billion euros and is the highest among the four systemic Greek banks. Its stock has
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Deflated SYRIZA shuns broader political cooperation for now
PoliticsGreek PoliticsMinister Alexis Tsipras has also repeatedly separated the Union of Centrists from his attacks... to the “parallel programme” that SYRIZA has spoken about before the September 20 elections. This is the idea... justifying their decision to continue supporting Tsipras after he signed the third bailout but has
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Is Regling right to be concerned about Greek liquidity?
Agoramonths, highlighting that Greece has debt servicing obligations of about 4 billion euros over... disbursements will put pressure on its finances. This is especially the case because the first review has... in the first quarter is close to 1.5 billion euros. March has the largest IMF instalment of the year
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A year on, Tsipras's SYRIZA in need of morale boost
PoliticsGreek Politicsnormal circumstances would have been a fairly routine affair has taken on much greater significance... has been completed. Also in Davos, Eurogroup chief Jeroen Dijsselbloem downplayed the debt relief... SYRIZA as the underdog who has had to battle against the Greek and European establishment but is now
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Greece left isolated on migrant crisis, with bailout talks finely poised
PoliticsGreek Politicstime, it was revealed that Slovenian Prime Minister Miro Cerar has written to fellow EU leaders to ask... that there has been no discussion of a suspension from Schengen and that this would not be possible anyway... to keep to its commitments. The government, which has been ineffective in putting across its side
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Tsipras concerns about EU stance on refugee crisis shared by opposition
PoliticsForeign Policyit has made in meeting the requirements set out by the Commission as part of its Schengen area review... of Macedonia (FYROM) and Bulgaria in Prague on Monday. FYROM has already erected a double fence on its... Mitsotakis has begun his own campaign to ensure that excluding Greece from the Schengen Area
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EU meets on refugee crisis, bailout review but Greece's immediate fate seems sealed
PoliticsForeign Policyin the country for weeks or months. The Greek government has been preparing public opinion... through other routes, such as Albania, thereby also reducing the numbers Greece has to deal with on its... be resettled, as well as Turkey accepting migrants returned from Greece. Bailout review There has been
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgramme, the government has proposed the introduction of an additional tax rate of 40 percent for income above... with 15-20 working years. The initial government red line of “no cuts to pensions” has been replaced... be an agreement on NPL sales. He noted that the government has proposed loans to SMEs and the self
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammehas to be lowered to 7-8,000 euros, while the government has counter-proposed a lower drop to around..., an agreement on the taxation of farmers is still pending. The government has reportedly proposed two... to the initial government proposal. 3) The measures to meet the bailout target for pension cost
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Greek effort to heal rift with Balkan neighbours may have come too late
PoliticsForeign Policythe diplomatic initiative earlier. Apart from FYROM’s border closure, Bulgaria has also strengthened the police and army presence on its frontiers and has sent a clear message that it will not allow a migrant “corridor” to central and northern Europe to pass through its territory. Albania, meanwhile, has
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