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Coalition's feud with shipowner shows no sign of de-escalation
PoliticsGreek Politicsmedia, which have been highly critical of the government, and New Democracy. The Prime Minister’s office responded to the tycoon’s statement by claiming that Marinakis is heading a “dark front... of the noticeable aspects of the government’s response is that compared to the earlier non-paper
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agoranewly appointed German colleague Heiko Maas how well Greece has developed. Meanwhile the latter’s... in Athens. He also praised the government’s reform efforts and lamented the slow response to debt... knife fight. However, given Scholz’s latest statements regarding Greece, it is not far-fetched
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingin Q4. The reduction in Q1 beat the bank’s target by around 500 million euros. Against the same period... euros, as well as deposit inflows. The sale of the bank’s first covered bond portfolio also added... percent in Q1, in line with the bank’s restructuring targets. Stress test Under the 2018 EU-Wide Stress
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingthe previous quarter’s decline of 700 million. The current quarter’s fall reflects write-offs of 700 million and negative formation of 100 million euros, and is ahead of the bank’s target by 900 million... inched up to 82.9. NBG’s NPE and NPL coverage ratios are the highest among its domestic peers
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Political turbulence due to name deal creates election doubts
PoliticsGreek Politicswas prompted by New Democracy’s argument that Tsipras’s government did not have the legitimacy to sign a deal... Minister Panos Kammenos said his national part would not back the settlement. During Saturday’s debate...’s main party – PASOK, made her opposition to the name deal clear in Parliament. However, centrist
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Coalition majority trimmed further after unexpected loss of ANEL MP
PoliticsGreek PoliticsPrime Minister Alexis Tsipras’s trip to London, where he has been meeting with businessmen and investors, as well as politicians, in a bid to talk up Greece’s prospects as it prepares to emerge from... on debt relief. It will also be of great concern to Tsipras that Lazaridis’s resignation comes out
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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgrammeof this year’s mission. The staff will prepare a report that will be presented to the Fund’s..., growth has returned and unemployment is on the decline while last week’s debt agreement... the country’s policy options. Following fiscal and current account adjustments that deserve credit
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New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
EconomyMacroeconomyGreece’s new tax debt rose by 610 million in May, increasing slightly from April’s rise of 599.... The amount of VAT due came to 896.1 million, falling against April’s figure of 1 billion. Income tax due fell... at 54.6 percent, though increased against the previous month’s figure of 50 percent. Corporate income
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Kammenos claims approval of name deal a make-or-break moment for coalition
PoliticsGreek PoliticsDefence Minister Panos Kammenos has prompted a new round of speculation about the coalition’s... to the defence minister’s vague and sometimes contradictory statements on the subject is that a discussion about... has strongly criticised the compromise with Skopje. Kammenos’s calls for a super-majority were
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Coalition back-and-forth over name deal belies election strategy
PoliticsGreek Politicsthat there was no such constitutional requirement, although he added that Kammenos’s demand may be discussed... be able to scrap together 151, the discussion about Kammenos’s claim seems more of a smokescreen designed... would seemingly bring the coalition’s existence to an end. Given that there are no other willing
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