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Beleaguered coalition makes quick attempt to dampen offshore controversy
PoliticsGreek PoliticsFollowing an all-round negative reaction to a provision that appeared to relax the restrictions on politicians and public officials being involved in offshore firms, the government attempted on Wednesday to restore the damage done to its reputation by m...
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Greece's 2009 deficit makes for a good conspiracy; shame about the numbers
AgoraI believed that the issue of Greece’s 2009 deficit was definitely settled last year when Andreas Georgiou, the former head of ELSTAT, was cleared in court of allegations that he purposefully inflated Greece’s 2009 deficit figures in order to lead the co...
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Tsipras makes end-year debt deal government's top priority
PoliticsGreek PoliticsAlexis Tsipras launched SYRIZA’s four-day congress with a relatively low-key speech on Thursday that contained three key messages. The main takeaway from the prime minister’s address was his comment regarding the upcoming review. Tsipras suggested it wo...
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Cyprus talks enter crucial stage as Greece makes position clear on guarantees
PoliticsForeign PolicyThe Cyprus reunification talks are due to enter a crucial stage next month as the Greek- and Turkish-Cypriot leaders, Nicos Anastasiades and Mustafa Akinci, have agreed to begin negotiations on the sensitive “territory” chapter. In comments after their ...
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Chinese State Grid makes highest bid of 320 mln for 24 pct stake in ADMIE
EconomyThe Public Power Corporation (PPC) said on Wednesday evening that the China’s State Grid Corporation submitted the highest binding offer of 320 million euros for the acquisition of a 24 percent stake in the Independent Power Transmission Operator (ADMIE...
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Tsipras makes PASOK opening amid domestic troubles
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has indicated that he is starting to make political plans for the period after Greece exits the programme in the summer of 2018. In an interview with new centre-left newspaper Nea Selida, the SYRIZA leader suggested that a ...
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Why it makes sense for ESM to swap Greece's IMF loans
AgoraIn an interview over the weekend, the head of the European Stability Mechanism (ESM) Klaus Regling aside from the optimism on the progress of the current review hinted of one of the options that eurozone lenders might be willing to consider for the debt...
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Erdogan makes forceful start to visit, catches Athens off guard
PoliticsForeign PolicyThe Greek government found itself in an uncomfortable position on Thursday, the first day of a visit by Turkish President Recep Tayyip Erdogan, who called for the 1923 Treaty of Lausanne, which delimited the boundaries between the two countries, to be r...
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued operations, reversing the loss of 17 million seen in Q3. On an annual basis, this translated into a slight profit of 2 million euros in 2017, compared to p...
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4. The figure for the same quarter last year stood at a loss of 9 million euros. Fact...
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