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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammeup during the failed negotiations in the first half of 2015. The arrears clearance programme was stepped up using funds disbursed as part of the first review and has reduced the stock from 9.7 billion... to up to 750,000 people, 7 percent of the Greek population. It costs 750 million euros annually
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBanking. This led to nine-month net profits coming to 132.2 million euros, up, by 12.6 percent compared to last... interest income (NII) and fees, while operating expenses edged up very marginally. Asset quality The non... points QoQ to 44.7 percent in Q3 from 45.1 percent in Q2, while the NPE coverage ratio edged up to 51.6
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Athens, creditors on way to settling energy, labour issues in third review
EconomyProgrammesuggesting that there will be as few as two homes up for sale. Banks are expected to try to auction at least 50 properties via the electronic platform by the end of the year, with 15,000 to 20,000 lined up...-level agreement (SLA) being reached by Monday’s Eurogroup. A number of other items up
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How Greece sleepwalked off a cliff in 2009, in black and white
Agorahe hadn’t even started the job when the events unfolded. Those assertions do not stand up even... in the second half of the year would be reduced by 4.5 percentage points. The cash deficit up... in the region of 30 to 35 billion or up to 14 percent of GDP, given the dismal figures for September
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Government takes another stab at media regulation among growing scepticism
Societyits implementation on technical grounds. In the run-up to the first tender, New Democracy and PASOK..., a government contractor allied to SYRIZA, failed to come up with the funds for the license after... 35 million euros – significantly less than was raised per license in the last round, but adding up
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Reshuffle scenarios resurface for Tsipras after ministers resign over rent subsidies
PoliticsGreek Politicsin rent subsidies since taking up their positions in the government. It should be noted the ministers... have been stepped up and show no sign of abating. Tsipras is more likely to be concerned, though... April and to wrap up the fourth review in May. Although Papadimitriou’s primary role
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Newsletter 153 -2/03/2018
. Energy Minister Giorgos The government and lenders are aiming to tie up loose ends and sort out... aspects of the debt relief measures being lined up for after the end of the programme in the summer... 23,000 euros in rent subsidies since taking up their positions in the government. They were entitled
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The gruelling final straight of Greece's bailout
Agorato come together if the country’s third bailout is to be wrapped up promptly and successfully... the current government’s (in fact, any Greek government’s) point of view, the prospect of signing up... later that month. This would open up the path for the political decisions on debt relief and the post
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The race to reduce Greece's bad loans
EconomyBankingfour systemic banks have been stepping up action to reduce the stock, most notably by increasing loan... from small and medium-sized enterprises lined up for sale, which are collateralised mainly against... portfolio Eurobank has put up for sale takes the form of loans up to 10,000 euros in credit card debt
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeatures. According to the final budget figures up to August that were released by the Ministry of Finance (MoF..., movement appears to be picking up once more on the privatisation front, though not without controversy... is handling the privatisation of the Egnatia Highway. The concession agreement for the highway had come up
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