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Banks focus on defining challenge of reducing NPEs
EconomyBanking), a subsidiary wholly owned by Eurobank, which has been licensed by the BoG. It was followed..., 2017. The consideration of the transaction has been agreed at 90 million euros or approximately 4.5 percent of the total outstanding principal amount. The servicing of the portfolio has been
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeon the government. Government sources also told Avgi that Athens has received approval for its growth... of whether the Fund will take part in the programme has to be put to its board soon. Credit line... the programme ends has been revived this week partly due to an interview by the European Central Bank’s
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Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammebetween the lenders over debt relief continues to attract much attention and has fuelled speculation.... However, the discussion over the prior actions has been overshadowed by growing speculation about... on Tuesday, the head of the IMF’s European Department Poul Thomsen suggested that the Fund still has
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Greek Salad (made in Italy)
AgoraThe anticipated creation of a populist government in Italy has sent shivers down the spines...’ economic and fiscal plans. Greece has a lot to teach the world on what happens when attempting ill... will deliver a free lunch. This has been so clearly demonstrated during the few months of SYRIZA’s ill
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High expectations and landmarks on road to privatisations in 2018
EconomyProgrammeof the Egnatia highway has a number of actions that are needed to move the project forward with key deliverables... of a financial closing by this December, which has a total cash consideration that exceeds 900 million euros. On other projects, the tender for the sale of 5 percent of OTE has been launched
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Two weeks left for Athens to settle last remaining prior actions
EconomyProgrammein Luxembourg on June 21. The Eurogroup has already instructed the institutions to put together a new debt... can show that it has made the necessary progress in reducing state arrears during April, the European..., in the calculation of this year’s ENFIA property tax. The government has promised the creditors
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Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
EconomyMacroeconomyto April 2017, the ESI has risen by 10.8 points. Although the overall index rose, consumer confidence decreased by 2.2 points to -51 in May compared to -48.8 in April. Year-on-year, consumer confidence has...-on-month to -1.5, staying negative for a third month. In the year so far, industry confidence has
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingPiraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part... formation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion..., NPL stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE
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Macedonia name deal in hands of Tsipras and Zaev
PoliticsForeign Policy, and the formal and legal aspect of the agreement." The Greek government has also avoided making any comment... is expected to inform NATO Secretary General Jens Stoltenberg that a mutually accepted solution has been... will be quite complicated. It is not yet clear what has been agreed on these issues. According
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How 'clean' can an exit be? Athens snared between Rome and Berlin
Agorahas created costs and given rise to negative feedback loops in other countries. The “Italian crisis... newly appointed German colleague Heiko Maas how well Greece has developed. Meanwhile the latter’s... even consider such a move, capital markets would trounce Greek government bonds. A cash buffer has
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