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Fears and reassurances over PPC's dire finances
EconomyFeaturesare expected by May 28. McKinsey plan It has been known for a while that PPC has in desperate need to a change of direction if it wants to survive. Leaked reports in May last year highlighted
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Tsipras tries to entice voters with VAT cuts and pension bonuses
PoliticsGreek Politicsthat this will sway voters ahead of the May 26 European and local elections, as well as the national vote later... and then in the European Parliament vote on May 26 is whether this will translate into an increase
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Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EconomyProgrammebe addressed in more detail at the Eurogroup meeting on May 16, or it may be deferred until
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Tsipras, Mitsotakis cast gloves aside as pre-election fight gets personal
PoliticsGreek PoliticsThe political battle ahead of the European and local election on May 26 has taken a bitter, personal twist as SYRIZA and New Democracy fight it out for the support of voters. The three-day debate... attempt by Tsipras to limit the damage he will suffer on May 26, and subsequently in the general
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Lenders highlight risks of 'short-term popular' measures unveiled by government
EconomyProgrammethe pledges made by Tsipras “may not be in line with commitments,” while another said they “are just..., which threaten a return to the old ways,” he said. “Some of you may recall that over 50 different
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Primary surplus target still on lenders' agenda despite snap elections
EconomyProgrammetaken are not really growth-friendly in the medium- to long-term perspective. They may help short-term... on Monday that it is pushing back from May 28 the deadline for binding bids to be submitted for its
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SYRIZA seeks to recover from election shock, ND prepares for power
PoliticsGreek Politicsinto an equally comfortable victory in the national vote, granting ND a clear majority, Mitsotakis may command... the country.” There continues to be speculation that New Democracy and KINAL, or some of its key figures, may
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingProperties announced on May 17 that they would suspend trading as of May 20 and delist the company from
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBanking, Eurobank confirmed that the merger with Grivalia Properties was completed during May, with the latter ceasing trading on May 20. The merger took Eurobank’s CAD ratio to a best-in-class 18.2 percent, which
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammea slowdown in reforms. The report is based on the findings of a mission to Athens between 6 and 8 May... of the tax system. The surveillance report noted that in mid-May after the Stability Programme has been
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