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How Greek banks moved into a new era
Agora. The highest quarterly NPL increase was posted by Eurobank, which saw a rise of 1.5 percentage... increase, Piraeus shares saw a modest increase of 6 percent, while Eurobank and National shares have... was estimated at 5.8 billion under the binding baseline scenario and at 8.8 billion under
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeatures, with the exception of the lowest earners who saw their tax increase threefold between 2012-2014 (though from.... Households earning 12,000-16,000 euros saw their tax increased by 21 percent in 2012-2014 and 26 percent..., Tsakalotos’s alternate minister Giorgos Houliarakis, gifted the opposition a winning card when he told
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingsaw their 2020 results propped by bond swaps with the Greek state. That saw them book trading gains...Greece’s banks have started what was set to be a difficult year for them by winning plaudits for their progress towards meeting tough goals for reducing the stock of non-performing exposures. Last
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KINAL edges towards more central role in political developments
PoliticsGreek Politicsof elections in the next 18 months is starting to concentrate people’s minds. New Democracy saw its... of MEP Androulakis as its new leader in December – the centre-left party saw its ratings increase... the polls suggest, the chances of the leftist winning the next elections are extremely slim
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Company closures dropped sharply during the pandemic
EconomyFeaturesand retail trade; repair of motor vehicles and motorcycles” which saw 8,082 closures. While that may seem... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures in 2020: electricity, gas, steam and air conditioning supply, which saw an increase of 26.4 percent
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Two hurdles left for coalition this year before bigger challenges in 2014
PoliticsGreek PoliticsGreece’s coalition has two more hurdles to clear before it stumbles over the finishing line at the end of the year, exhausted and battered but not quite yet beaten. The first challenge is to pass the new property tax, which unites previous disparate levies in one charge, through Parliament. The new
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First round of local elections leave Greek politics finely balanced
PoliticsGreek PoliticsDemocracy’s incumbent Vassilis Michaloliakos was beaten into second place by independent Yiannis Moralis
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Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010
EconomyMacroeconomybeaten by that of Cyprus (-7.9 percent). In addition, Greece and Cyprus are the only two countries
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Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
EconomyMacroeconomyand means that the primary surplus target was beaten by 1.48 billion euros. The fiscal performance
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Rifts in New Democracy as Samaras vows to stay as leader
PoliticsGreek Politicschallenge following her failed attempt in 2009, when she was beaten by Samaras. One of the interesting
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