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Newsletter 206 -17/05/2019
residences. As banks put sales rather than write-offs at the forefront of their NPL reduction
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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomy-performing loans secured against primary residences, to what the organisation calls “below somewhat
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The main economic challenges that will define the Mitsotakis reign
Agoradebt though sales and securitisations, out-of-court workout and the protection of primary residences
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyof primary residences could provide the tools needed to reduce the NPE stock. Fitch also notes
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Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeframework for the protection of primary residences after the latest one expires in the end of this year
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Watchdog raid strains testy relationship between banks and govt
EconomyBankingand companies that will replace the current protection of primary residences, which expires at the end
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Deadline looms for troubled home protection scheme as insolvency law is lined up
EconomyThe sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyaccordingly. It gives the example of the subsidy for the protection of primary residences, which
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomyprotections in primary residences. It has been made known by the institutions that they do not want any
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Covid-19 effects spread across number of sectors
EconomyFeaturesresidences, commercial properties are also expected to be badly hit by the virus outbreak. Businesses
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