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NBG completes sale of Finansbank to Qatar National Bank
EconomyBanking. Thus, NBG’s liquidity position is enhanced by around 3.6 billion euros. NBG reiterated that following the completion of the transaction it intends to repay the Contingent Convertible Bonds (CoCos) worth... is paid to the state. The elimination of pillar II bonds is estimated to boost NBG’s net interest and fee
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Differing views on refugee crisis at heart of Greek-German relations
PoliticsForeign PolicyThe AKP’s resounding win in Turkey’s elections on Sunday is likely to put extra pressure on Greek...’s commitments, such as those to host around 50,000 refugees, as a clear obligation under its... between fiscal discipline and the refugee crisis since Athens’s efforts will be funded by either
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Erdogan's Hagia Sophia move adds to complexity, uncertainty of Greek-Turkish relations
PoliticsForeign PolicyTurkey’s top court decided on Friday to annul a 1934 law that had made the Hagia Sophia in Istanbul... international criticism about this move as an attack on Turkey’s independence. Prayers will be held... say. Around 90 pct of his voters support this choice. Turkey’s President is trying to enhance his
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Newsletter 290 - 26/03/2021
to the government’s plans. By Thursday, there were more than 700 patients with the coronavirus in ICU... New Democracy’s attempt to project competence in its handling of the pandemic. A Metron Analysis...’s performance, against 43% who have a positive opinion. More polling details reveal a distinct age
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Expulsion of diplomats moves Greece further away from Russia, focus turns to energy
PoliticsForeign PolicyBilateral relations between Greece and Russia entered uncharted waters after Athens made yet... Relations of 1961 and the Vienna Convention on Consular Relations of 1963,” the Foreign Ministry’s...) in The Hague to launch an investigation into possible war crimes in Ukraine’s southern port of Mariupol
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomypart of the Hellenic Financial Stability Fund’s backstop facility estimated at circa 11 billion... to repay the 750 million preference shares granted to the Greek state as well as to cover the 425 million
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeof 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion is targeted to repay state arrears and 450 million will be distributed as social dividend. The latter
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Greece sets out plans for settling SME NPLs; mortgages to come
Economyclaim after the haircut should not exceed 75 percent of the firm’s net asset value. If an SME agrees... security contributions, then the firm would be allowed to repay its obligations to the state in 100
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The one question SYRIZA needs to answer
Agorato service debt obligations. Next year Greece is scheduled to repay 8.4 billion euros to the IMF, just..., potentially including debt relief measures. Irrespective of whether Greece’s creditors would
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeFollowing an all-night meeting with the quartet of Greece’s lenders, the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis said on Tuesday morning that discussions had..., to cover payments to the ECB and International Monetary Fund in the next few weeks, repay the 7.2
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