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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicson wage maturities If this proves to be correct, the government faces a challenge in finding... program review being carried out by the troika. It has struggled to reach this amount so finding... the impact that wage cuts would have on the party’s popularity. However, finding new savings could
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Opposition lines up motions against government over Tempe
PoliticsGreek Politics. Parliament is holding the third of a possible five votes to confirm the President on Wednesday... will rest on the findings of an investigation by the appeals prosecutor in Larissa, in whose... would merit the lifting of his parliamentary immunity. PASOK seems confident that the findings make
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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeaturesby aggressive manoeuvres by the Turkish navy. In a move heavy in signalling, Turkey will also be holding... change mitigation remains strong, with the EU parliament recently voting for a legally binding target... as funding assistance. However, the lion’s share of funding for construction will ultimately have to come
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Tsipras's choices are becoming clearer but not any easier
Agoraelections in the eurozone’s paymaster. They may be holding out hope for a political sea change... of Greece governor Yannis Stournaras said that a legally-binding commitment to implement further debt... into any binding discussion about debt relief. However, it is doubtful if Tsipras’s hard-pressed MPs
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Newsletter 97 - 25/11/2016
open. There has even been talk of her holding discussions with former leader George Papandreou about... and funding. The rating agency estimates that banks’ non-performing exposure (NPE) ratio will decline to 40... funding costs, while impairment losses dropped by 12 percent QoQ to 182 million. The second round
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What are the implications of the ECB's decision for Greek banks?
Economy. In any case, Greek banks can still place their total EFSF bond holding (38 billion) with the ECB... lenders. This move means that such collaterals would not be eligible for ECB funding as of February... banks’ ECB funding stood at 56 billion euros at the end of December. This figure reportedly rose close
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek Politicsproposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding... but with the IMF not returning to the programme with funding until the debt relief issue has been settled... in QE. However, Bank of Greece governor Yannis Stournaras has also said that a legally-binding
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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingthat Thrivest executes its own, which will see the Greek state holding drop to 35-37 pct. In this way... in public holdings. The deal for the merger between Attica Bank and Pancreta that passed... the argument that the new lender will focus on the funding of SMEs, a sore point in Greece as the vast
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Government seizes crisis moment to boost investment in energy infrastructure
PoliticsGreek Politicsand disputes between the Greek contractors and the Bulgarian government but was expedited in light.... According to its findings, three in four think high prices are the biggest concern, followed by energy... on the domestic and the international front) and strong governance. The findings also suggest that the spying
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Newsletter 215 -19/07/2019
switching to digital services and holding back the reduction in VAT rates to 2023. “Any rebalancing... balance beat its target by 2.13 billion euros. Eurosystem funding rises by 539 mln in June Banknotes in circulation rise for fifth month As with May, ECB funding made up 100 percent of all Eurosystem
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