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Greek banks' NPL selloff gathers speed
EconomyBankingfor strategic defaults, means that today, European Commission figures estimate that Greece has the highest... balance sheet, announced recently that it has signed a binding agreement with B2Holding group..., as of June 30, 2017. The bank announced that the consideration of the transaction has been agreed
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Mitsotakis starts to put New Democracy on election footing
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has told his party to start preparing for general elections in the near future and has described the upcoming vote as a moment for “catharsis and rebooting... recovery has boosted SYRIZA’s chances. As a result, the centre-right party has to be prepared for both
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Tsipras suffers setbacks in bid to build momentum ahead of MoU exit
PoliticsGreek Politicsthe bailout, clinching a debt relief deal and witnessing the start of an economic recovery has long...” narrative Tsipras and his ministers have stuck to has prevented SYRIZA from continuing to close... on Monday that Tsipras has now given up on the idea of snap elections later this year and is focussed
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyA report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s... a significant problem when considering that Greece has the worst levels of collection for overdue debts..., to the point where Greece has the third highest level of insurance contributions among EU states. From
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Coalition plays down sub-tranche delay, opposition steps up pressure
PoliticsGreek PoliticsThe Greek government played down on Friday the news that the European Stability Mechanism (ESM) has... targets being met. An ESM spokesman revealed that there has been progress on electronic property auctions but that Athens has not yet provided data that shows the expected amount of state arrears
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Fallout from Macedonia name deal sparks turmoil for coalition and opposition
PoliticsGreek PoliticsNew Democracy’s decision to table a censure motion in Parliament has triggered significant... a no-confidence vote has to be held by midnight. The conservatives justified their move by arguing... Democracy has fuelled speculation that two deputies in Defence Minister Panos Kammenos’s party
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Loss of MP upsets coalition plans to build on positive momentum
PoliticsGreek Politicsthe coalition has had a close relationship until recently. ANEL called on the lawmaker to prove... it to another candidate. So far, the deputy has indicated that he will continue as an independent... with New Democracy and the fact that she is from Serres in northern Greece, where there has been
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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomyabove the 100-point mark. Greece’s economic sentiment reading has remained above 100 for all months... has risen by 8.3 points. Consumer confidence also registered a decline of 1.4 points to -52.4 points in June versus -51 points in May. Year-on-year, consumer confidence has improved by 16.4 points
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Economic sentiment reaches 105.3 in July, highest since June 2014
EconomyMacroeconomy2014 when the reading came to 105.2. Greece’s economic sentiment reading has remained above 100..., the ESI has risen by 7.1 points. Consumer confidence also rose, increasing by 2.5 points to -49.9. Year-on-year, consumer confidence has improved by 11.6 points and by 0.4 points since the start
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ESM releases final tranche of third bailout, boosting cash buffer ahead of exit
EconomyProgrammeThe European Stability Mechanism confirmed on Monday that it has made the fifth and final... be on “progress, justice and growth,” the statement added. The ESM has lent a total of 61.9 billion euros out... as much as 25 billion euros. Along with the EFSF, the ESM has disbursed a total of around 204
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