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Minister's alleged conflict of interest a first domestic political test for Tsipras
PoliticsGreek Politicscivil servants to help them regain their jobs. According to the allegations, Katrougalos’s legal... provoked a fierce reaction from opposition parties, which sensed an opportunity to cast doubt on SYRIZA’s... of innocence. Prime Minister Alexis Tsipras’s office has made it clear that the Greek leader has
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingmainly related to recalibration of the bank’s impairment model (970 million) and recoverability... administrative (-11 percent) expenses. The group’s headcount was reduced by 2,200 to 34,100... in Turkey and the SEE, while Greek NPL ratio deteriorated by 0.3 pp to 31.9 percent. NBG’s group NPL ratio
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Tsipras targets opposition in debate but parliament speaker steals the show
PoliticsGreek PoliticsA parliamentary debate about Greece’s negotiations with its lenders failed to produce any substance... during the discussion, which lasted more than four hours. Tsipras’s two main aims seemed... five years rather than supporting the coalition’s effort to avoid what it considers “recessionary
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Government's strategy unclear as pressure from lenders mounts
PoliticsGreek Politics, an unnamed government official ruled out both of these eventualities and insisted that the coalition’s clear... in SYRIZA’s thinking since it was in opposition. It is also an idea that has strong support among... without capital controls being imposed to protect Greece’s fragile banking system. The imposition
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Greek relations with US on edge due to law allowing terrorist's release
PoliticsForeign Policy-establishment groups that had demanded the terrorist’s release for some time and held a number of sit... by surprise. Before Ambassador Pearce’s comments, the US Secretary of State John Kerry had called Prime... as the day after the meeting the State Department designated Christodoulos Xiros (Savvas’s brother
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Greece and Albania at loggerheads over hydrocarbons research in Ionian
PoliticsGreek Politicsthat Turkey may have been a key player behind the decision of Albania’s Constitutional Court. Former... in Tirana the Albanian prime minister said that his country’s national interest was more important... for Albania’s European perspective. No further comment,” he added. Albania's ratcheting up of tension
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PASOK elects new leader, hopes to stop slide and regroup
PoliticsGreek Politicscolleague Andreas Loverdos and MP Odysseas Konstantinopoulos to be elected as Evangelos Venizelos’s successor with more than 50 percent of the ballots cast (51.6 percent). An indication of how far PASOK’s... deputy defence minister did not present any specific plan regarding how she plans to revive PASOK’s
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek PoliticsThe mood within the Greek government ahead of Saturday’s Eurogroup appears negative, with some.... Stratoulis is part of SYRIZA’s Left Platform, the left-wing faction that is most negative towards efforts... regarding SYRIZA’s strategy. Lapavitsas is an economist and member of the Left Platform. The fact
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Tsipras holds off on reshuffle, suggests no way back for rebels
PoliticsGreek Politicsthat there is an effort underway to keep New Democracy’s caretaker leader Evangelos Meimarakis in his current position for a few months longer, possibly until the conservative party’s congress next summer. Meimarakis... to launch the process for a new leader to be elected. However, the former parliamentary speaker’s
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For Greek banks, it's business as unusual
Agorain terms of the country’s social fabric and society’s relation to commercial banks. * The long queues... illustrated that today’s bank runs need not include panic and endlessly long queues that make..., which was adopted in Wednesday’s omnibus bill, citizens and businesses started to draw down
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