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Greek banks in intensive care: What lies ahead?
AgoraAmong the measures the Greek government has committed to legislate by July 22, according.... This means that equity has to absorb losses in full. After shares, losses are evenly imposed... haircut has to be applied on the current level of uninsured deposits. According to bank sources
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Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek PoliticsKonstantopoulou, who gave a fiery speech against austerity policies. Varoufakis has already been replaced... a plan to return to the drachma but Tsipras has now put pressure on the Left Platform to come out... not believe the threat of a Grexit will be put to bed until the third bailout has been agreed. Thursday
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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyhas proposed to be disbursed by that date. Draghi said that the GGB repayment will provide some room..., which is above the eligibility threshold. However, he stressed that the other key QE condition has... over the last three weeks but it is too early to argue that the liquidity issue has been resolved.
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgramme. The government has indicated it would consider some form of tax refund for inhabitants to counterbalance the VAT hikes, yet this has not been confirmed at the moment. Similarly, the new VAT rate of 13 percent on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved
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Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingmarkets. Alpha management has indirectly indicated in the past that Bulgaria was not among its core... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... were also indicated in banks’ medium-term restructuring plans. Alpha has also presence in Cyprus
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek PoliticsSkourletis. Skourletis has been moved across to the Energy Ministry, ousting Panagiotis Lafazanis.... Tsipras has repeatedly stated that his priority is to seal an agreement for the third bailout as he believes the imminent threat of a Grexit will not go away until that has been achieved. This means he
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Outcome of next vote on prior actions to set tone for political developments
PoliticsGreek Politicsto be completed before August 20, when Greece has to pay a 3.7-billion-euro bond held by the European Central... to be held once the agreement has been passed through Parliament. The prospect of going to snap elections before the agreement has been clinched seems unlikely given that Greece would probably
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New Greek statistical mapping application launched
Societyof the population, 1991 and 2011 Now, thanks to an internet-based application that has been developed... in Patras has the highest percentage (6.06) of PhD holders in the country, followed by the community..., not one person in the Epirot village of Anavryto – which consists entirely of pensioners – has
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Economic situation biggest worry for Greeks, latest Eurobarometer shows
Societyit as the biggest problem, as opposed to an EU average of 42 percent. Yet, although Greece has the highest...), while 38 percent (+6 percent) said they were neutral, which on par with the EU average. Greece has...) and France (55 percent). Opposition to the euro in Greece has also fallen, decreasing by seven points
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeof non-performing loans (NPLs) and labour reforms, while convergence has been achieved on other... are not consistent in paying their current or settled tax obligations. Convergence has also been achieved... from its recent level of 23 percent to the previous status of 13 percent has been reportedly agreed
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