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Constitutional changes and Tsipras's leadership under scrutiny
PoliticsGreek Politicsin the last Parliament and New Democracy is hoping to push through its proposal for MPs to hold up to five... was backed up somewhat by an Athens court delivering on Tuesday its verdicts in the trial of 64 defendants... will then seek to back that up with an election involving party members. Following its election defeat
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Mitsotakis keeps cool over white collar crime claims as poll delivers new boost
PoliticsGreek Politicsimmunity from prosecution for suspect loans. He claimed that the government is using this to cover up.... Mitsotakis responded by insisting that banks will still have the right to flag up cases where they think... in the past. “If you insist on this extreme, divisive rhetoric, you will come up against society, which
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturescaptures a very thin slice of declared incomes. Up to 2.36 million households with up to one child... terms, the requirement represents an achievable ramp-up from the current requirement of 20 percent... broader promise of a different economic policy mix, will prove up to the task of generating
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Mistaking tolerance for a free rein
Agorato live up to the expectations of voters who were hoping ND would usher in new standards in public life... it took him up on his offer or not. Instead, the issue was buried as soon as the aspirational retiree... not stand up to even the slightest bit of scrutiny but the government immediately sought to put
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBanking) of up to 12 billion euros in value. The securitisation is the largest to date in Greece and in Europe..., with the securitisation aimed to be wrapped up by the end of Q3. This would take Alpha Bank’s non-performing... by the bank for Q3 2018, NPLs currently make up 44 percent of the loan portfolio. Alpha Bank plans
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Current account posts deficit of 1.39 bln in November
EconomyMacroeconomy. Travel payments rose to 226.4 million, up by 38.9 percent. Total exports in November came to 2.64.../A deficit improved to a deficit of 2.03 billion up to November 2019 compared to a deficit of 3.72... of 9.5 percent. The travel surplus rose to 15.37 billion, up by 10.8 percent. Travel receipts rose
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Car sales rise by 8.3 pct in January
EconomyMacroeconomywith the absolute figure standing at 19,061. The remainder was made up of lorries (3,007), motorcycles..., sales of motorcycles were up by 28.1 percent, picking up significantly from an increase of 2.5 percent... sales rose by 13.2 percent in 2019, totalling 185,120. The remaining sales of last year were made up
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Central government debt increases by 2.16 bln to 356.01 bln in Q4
EconomyMacroeconomyborrowing for 2019 showed that T-bills made up 49 percent of all government borrowing, followed..., representing 15.6 percent of the debt. T-Bills came to 12.61 billion and made up 3.5 percent of the total... by residual maturity showed that long-term (over 5 years) debt made up 77.4 percent of the total
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingand mortgages in Swiss francs worth 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion... in offloading up to 30 billion euros in bad loans which have been plaguing their balance sheets since...) of up to 12 billion euros in value. The bank’s management has begun evaluating the portfolio which
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PM faces complex challenge as Turkey threatens free passage for refugees
PoliticsGreek Politicsagainst the new camps. Government officials said on Friday that Greece is stepping up its sea... up efforts to deter migrants from crossing. The latest development poses a double challenge... of speeding up the deportation of economic migrants, opting to build closed reception centres
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