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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBanking-performing credit will stay on the Bank’s balance sheet. The managing entity, Intrum Hellas, has already... noted the extremely slow judiciary process in Greece as a problem. Piraeus Bank has the highest NPE... not carry an investment grade credit rating. The final version of the Hercules scheme has not yet been
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Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek PoliticsThe government has submitted its second tax bill to Parliament, paving the way for income... to the International Monetary Fund’s proposals. Over the last few years, the IMF has persistently called... of the tax bill and the extensive coverage the issue has received in the Greek media over the past
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ND and SYRIZA set aside social dividend talk to focus on internal issues
PoliticsGreek Politicswithin the government about how to use this extra cash. Finance Minister Christos Staikouras has... earners and the unemployed), while government spokesman Stelios Petsas has suggested that those burdened... the refugee issue, which has become a dominant theme in the public discussion over the last few months
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeto be released. The disbursement is not due to take place until January, though, as it has... to finance with the ANFA and SMP profits. According to a recent report in Kathimerini, the government has... and is the deciding factor for the primary surplus targets, has to be reassessed. Primary surplus Greece’s
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Speculation about snap elections in 2020 refuses to die down
PoliticsGreek PoliticsThere has been persistent speculation in Greece over the last few weeks about possible snap elections next year, although the government has denied this is a possibility. Even though MPs voted... media has been full of rumours about Prime Minister Kyriakos Mitsotakis considering an early trip
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Police actions draw attention to ND's law and order agenda
PoliticsGreek Politicsallegations of unprovoked violence. The issue has come to the fore after disturbances on Friday night.... It said it has asked the Citizens’ Ombudsman to investigate these cases. While in opposition, New... and order has been high on the government agenda and the interventions at the Athens University of Business
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ND focusses on economic goals in run-up to budget vote
PoliticsGreek Politicsby the former minister, arguing that this approach has no place in the effort to rebuild the left in Greece. Polakis has caused similar problems to Tsipras in the past but the SYRIZA leader has always... PASOK and SYRIZA can be, especially given that he has also been highly critical of the socialist party
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IMF paper suggests shadow economy still thriving
EconomyFeaturesA working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has... the series began. It has remained around the level of 30 percent across recent years. The paper noted that the average shadow economy has remained broadly stable since 2000. Greece was one of several countries
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ND on spot over police raid but opinion poll ratings provide comfort
PoliticsGreek Politicsand has demanded further information from Citizens’ Protection Minister Michalis Chrysochoidis. “Mr... emerge, pressure is growing on the government for a clear response. So far, there has been no direct... to hold the police, which has a chequered history in terms of excessive use of force and abuse of power
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After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge
PoliticsForeign Policydevelopments in the Eastern Mediterranean and the challenges that Turkey has created by signing the two... player that has important energy alliances. Furthermore, because the project aims at improving the EU.... Italy has shown some reluctance so far, but has expressed support for the project. The agreement leaves
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