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EU elections do not mark end of numbers game in Greek politics
PoliticsGreek Politicselections, even though SYRIZA has made a formal request for the country to go to the polls soon. Less.... The coalition, though, has responded negatively and is instead trying to bolster its defences after... Democracy has made it known it is not in favour. It is more likely that after a brief period during
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingto this the network in Greece has been reduced by 33 percent YoY to 903 units and the headcount by 14 percent to 16.4 thousand employees. In addition, the bank stated it has secured so far 64 percent... million, has incurred. Gross loans fell 3.3 percent QoQ to 73.6 billion. Adjusting for the seasonal
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeloan tranches for Greece totalling 3.41 billion euros. The report underscores that Greece has gone... percentage point (pp) each. In addition, lower privatisation has increased the projected debt ratio by 0.4... has been primarily achieved through shrinking imports. The IMF stresses that exports excluding oil
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BoG sees encouraging signs for Greek economy but warns on reforms
Economythis year. On the former, the BoG indicates that business confidence has strengthened with firms... of the public sector with particular focus on areas where progress has been rather poor so far... their capital plans to cover their capital needs determined under the adverse scenario. The BoG has
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Two years on, Greek government ready to give up on higher heating fuel tax
PoliticsGreek Politicsin the excise tax on heating oil, data produced by Greece’s General Accounting Office (GAO) has shown... from the government indicate that now Stournaras has left the cabinet it is preparing to abandon... of the year, for next year as well. Another tax issue that has come to the fore recently is the special
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NPLs: The Achilles heel of the Greek banking system
Agoraof provisions exceeded the banks’ capital (138 percent) at the end of 2013, although this ratio has... at the end of 2013. More than one third of top-4 banks’ Greek NPLs are held by Piraeus, which has also.... According to the latest EC and IMF review reports, the Bank of Greece has committed to introducing key
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Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
EconomyBankingfor the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has... billion at the end of last December. Nevertheless, the current fair value has dropped to 18.5... 13.1 percent in Q1 but has plunged 23.3 percent since then. This means that the 2.5 billion euros
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SYRIZA drawing up manifesto and foraging for allies
PoliticsGreek Politicsto respond to the persistant doubts about whether the opposition party has the answers to Greece’s... of the republic fails to garner 180 votes. SYRIZA has spent the last few weeks trying to build... to discuss the forestry bill, which has been tabled in the House and which also contains contentious
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Multi-bill passes but coalition's relationship with armed forces and police sours further
PoliticsForeign Policythe 2012 wage cut and the merging of their auxiliary pension funds has left the armed forces and emergency services at odds with the government. It was noticeable that SYRIZA, which has ideological... the unions representing the civil servants in question. There has been deep concern in New
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammein Paris today and will last until September 4. The IMF spokesman has recently clarified that the aim... will be led by Rishi Goyal and not by Poul Thomsen, who has recently been appointed Acting Director... and emergency services. The issue of tax breaks has been raised by the government as a top priority theme
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