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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsquestioned why opposition leader Kyriakos Mitsotakis was absent from Thursday’s debate in Parliament... interventions to come, will lead to the party’s political fortunes improving in the coming months... point since October. SYRIZA gained 0.5 points and New Democracy’s support fell by the same amount
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingmillion in reductions left to meet the bank’s annual target of 21.8 billion euros. The quarterly.... The aggregate reduction in expenses was largely achieved through staff cuts driven by the bank’s... the previous quarter’s figure of 18.5 percent. This stemmed from lower AFS reserves (-23 bps), risk weighted
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgrammeGreece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers.... This includes the scrapping of next year’s pension cuts, as well as legislating a 400-million-euro housing... tranche of the SMP and ANFA profits on time. In last June’s Eurogroup, Greece’s lenders included
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Parties vie for voters' attention as New Democracy prepares for congress
PoliticsGreek Politicsthe wounds created by the crisis. The cancellation of next year’s pension cuts was due... to a vote in Parliament’s full assembly on Tuesday, a day before MPs begin to debate the 2019 budget... his party’s plan for a 120-installment scheme for debts to the tax authorities and social security
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Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
EconomyMacroeconomyfor central bank funding comes to 12.23 billion euros compared to October’s sum of 13.20 billion euros. Since the start of the year, Eurosystem funding has declined by around 21.45 billion. November’s... of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have
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Encouragement for Tsipras ahead of key vote on name deal
PoliticsGreek PoliticsPrime Minister Alexis Tsipras’s hopes of securing the five extra votes he needs in Parliament..., the party’s recently-elected vice president Giorgos Mavrotas indicated in an interview with News247... of the party’s six MPs could vote in favour of the pact. This would leave Tsipras needing to find just one more
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Lenders put spotlight back on pending reforms ahead of second post-MoU review
EconomyProgramme, the government’s to-do list still remains substantial. The latest to comment on the need to complete.... Reminders Greece’s 2019 budget was approved in November by the European Commission, with an emphasis on the need to complete the outstanding actions. The last public reminder before Moscovici’s comments came
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Minimum wage increase set for end of January amid concerns about economic impact
EconomyGreece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between... the government’s plans, Achtsioglou had clarified that the new wage increase, which will directly... how and when such a raise should be executed. The Bank of Greece’s Interim Report on Monetary Policy
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Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgrammebad loans. The findings from the mission to Greece last week are due to be discussed at Thursday’s..., the European Central Bank (ECB) and the European Stability Mechanism (ESM). PPMs are part of the Fund’s... with Greece’s creditors will have limited impact in accelerating economic expansion. Greece’s ability
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Kammenos antics put extra pressure on SYRIZA's minority govt
PoliticsGreek Politicsthat this could prove a factor in the timing of the next general elections. On Thursday, Parliament’s... with the Union of Centrists. Kammenos has said that after Friday’s debate he will oust another MP, Thanassis.... This theory has been dismissed by the government but it is clear that Kammenos’s increasingly
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