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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesgovernor's annual report, BoG analysts said that 2019 was a strong year for the Greek real estate... While 2019 marked a positive year for the Greek property market, the picture in 2020 could be very... would affect the Greek economy. “The coronavirus outbreak is, at present, the most serious source
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingthe provision of a guarantee by the Greek state on senior notes totalling 754 million euros. The Hercules Asset Protection Scheme (APS) was launched by the Greek government to assist banks in offloading up to 30... remains the sole Greek systemic bank to have taken up the scheme. Alpha Bank via its Galaxy project
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Athens hopes for letup in Turkey friction, but talks still in balance
PoliticsForeign Policynegotiations, which have been pursued by Berlin with the support of Washington. At the same time, the Greek.... In essence, the Greek premier underlined that Greece just considers the continental shelf..., seemingly breaching the UN charter and NATO treaty. Greek government sources said this was a conscious
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBankingasset purchase programme made up the mind of the Greek authorities to lock in the record low..., with the UK leading the offers by 24 pct, followed by France at 17 pct. The US had 12 pct of the offers. Greek... managers leading with 68 pct and hedge funds at 5 pct. Greek accounts had participated strongly with 16
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Government in firefighting mode as opposition seizes on sleaze and shortages
PoliticsGreek PoliticsGreek antiquities. The stories appeared to confirm an earlier report published in To Vima newspaper..., as it appeared to contradict the essential tenet of the long-standing Greek position, which hinges on unconditional Greek ownership of the antiquities. SYRIZA’s culture spokeswoman Sia Anagnostopoulou demanded
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Employment and wage data explains why Greeks struggle to see growth dividends
Agoraconditions for Greek households, it is no surprise that opinion polls repeatedly indicate that most Greeks...The Greek government’s economic narrative, built around growth that exceeds 2 pct and unemployment... data and the everyday reality faced by most Greek households. Last month, the European Commission
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PMI rises to 51.8 points in March, first expansion in over a year
EconomyMacroeconomy, meaning that the latest figure signals improvement of operating conditions in the Greek manufacturing... extent since April 2020. “In response to supply shortages, input costs faced by Greek goods producers... be seen as an indicator of an improvement in operating conditions, Markit said in the release
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PMI grows for eighth month despite supply chain, inflation challenges
EconomyMacroeconomyto Markit data released on Monday. The data shows the robust expansion of the Greek manufacturing sector with the operating conditions posting one of the strongest improvement rates in the series... of the rise to final prices. Greek manufactures remain upbeat about the prospects in the year ahead
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Newsletter 248 -24/04/2020
from the virus has passed and Greek politics, as well as daily life, can start returning to what might.... The Health Ministry’s spokesman on the coronavirus, Professor Sotiris Tsiodras said Greek authorities... legislation is due to be submitted to Parliament next month. It is the first sign of Greek political life
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Tsipras seeks fair exchange with EU over migrant crisis
PoliticsGreek Politicsconducted with Greek Prime Minister Alexis Tsipras gave Athens the opportunity to state its case... the chance to repeat his mantra that “the problem is not Greek but European and we must tackle... of SYRIZA’s negotiations with the eurozone over the last few months and is seen by the Greek government
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