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From a tsunami of debt to some sense of normality
Agora. Halfway through the year, the PDMA has achieved its goal. It has issued three bonds of 5-, 7... that Greece has managed to issue three bonds in a year since 2010. One just needs to look at the debt... they both advocated seemingly pain-free solutions to Greece’s problems. Greece has paid a heavy price
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Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
EconomyMacroeconomyincome has remained in positive territory for eight consecutive quarters now. The absolute figure landed... contributions edged down by 0.3 percent. Since 2012, disposable income has fallen by 11.4 percent, or by 3.62... compensation has fallen by 3.8 percent since 2012 due to a sharp rise in unemployment, along with wage
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Bid for better use of digital tools likely to have decisive impact on ND's goals
PoliticsGreek PoliticsWhile the immediate focus since New Democracy came to power has been on the first three bills... and beyond. Prime Minister Kyriakos Mitsotakis has appointed Kyriakos Pierrakakis, the former research... noted how much ground Greece has to cover by referencing the latest Digital Economy and Society Index
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyrating agencies. S&P has Greece at ‘B+’ with a positive outlook and Moody's at ‘B1’, which is the ‘B... scale. This is the second consecutive review after February’s that Fitch has left its rating for Greece... government has committed to meeting the targets in 2019 and 2020 but eventually would like to reduce
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MPs to vote on changes to governing process as opposition hits out at ND
PoliticsGreek Politicsminister’s office will be responsible for monitoring the progress of each ministry. This has prompted... the latter came to power. The opposition party has accused the centre-right government of lying about... has previously held a government position from being allowed to head the Competition Commission
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Mitsotakis courts French investments, announces corporate tax cuts
PoliticsGreek PoliticsMitsotakis has pushed to the back of the agenda for the present time, believing that implementing... head of the watchdog, and Dr Kalliopi Benetatou, who has served at the committee for 10 years, as its... experts, and the best-qualified people for the posts, SYRIZA has taken issue with the appointments
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Mitsotakis returns from Berlin with warm words but no encouragement on fiscal front
PoliticsGreek Politics. Following his two-hour meeting with Angela Merkel, the German Chancellor acknowledged that there has been much progress on a number of challenging reforms, and that Greece has gained positive momentum... seems to have struck a chord with Merkel, who has agreed to co-sponsor an investment forum
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingin Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has... portfolio, is scheduled to be closed in November 2019. This multi-asset securitisation has a gross book... 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now
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Tsipras puts first broad brushstrokes to SYRIZA's picture in opposition
PoliticsGreek Politics, the centre-left Movement for Change (KINAL) has also been vehemently opposed to New Democracy’s labour... to Mitsotakis and New Democracy even since the elections, although the government has been in what is typically a “honeymoon period” with voters. The opinion poll suggested that the prime minister has
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingBrussels. The report adds that the government has received assurances from all four systemic banks..., Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1... euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1 billion. NBG currently has
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