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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBanking) of up to 12 billion euros in value. The bank’s management said that while proceedings had been... for Eurosystem funding is made up fully of European Central Bank funding. As at the end of Q1... of May 2020. Gross loans came to 49.1 billion as of the end of March 2020, up by around 400 million QoQ
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Eurobank net profits at 56.8 mln in Q1
EconomyBanking-performing exposure (NPE) formation was negative by 5 million in Q1. NPE stock edged up by roughly 30... 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion and Cairo III consists... customers. These can span up to a nine month moratorium on interest and principal payments
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Leaders clash over economy as PM looks on bright side of Eurogroup assessment
PoliticsGreek Politicschief backed this up by arguing that when the centre-right party came to power last summer, the Greek economy was on course to expand by close to 3 percent, but ended up contracting in the final quarter... up of central bank profits on Greek bonds. The decision marked the conclusion of the sixth enhanced
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek PoliticsCommission will have to be up and running by then so that Athens can start receiving the first... is gradually opening up to visitors from abroad, with all airports due to open on July 1... campaign did not just continue over the weekend, but flared up after SYRIZA published a spot showing
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek Politics, and speculation about the potential for a revival of the far-right in urban areas. At the end of June, up..., the confrontations have revived the spectre of 2012, when Golden Dawn built up a groundswell of support in deprived inner-city areas by stoking up racial and anti-migrant tensions. Although the political landscape
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Athens hoping EU diplomatic drive will defuse latest Aegean crisis
PoliticsForeign PolicyGreece is stepping up its diplomatic efforts in the hope of securing a united European reaction... sanctions against Turkey. At the last council meeting, Athens asked the European Commission to draw up... is open to the idea of talks but considers the continental shelf to be the only matter up
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Defence spending, economic support plans dominate PM's policy speech
PoliticsGreek Politicsto struggling Greek businesses and households. He also announced to step up defence spending, following... on the economy, and the possibility of heightened tension with Turkey leading to a flare-up... pct of GDP and with public debt scaling back up towards 200 pct of GDP, by saying that he owes
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Covid-19 puts pressure on health system, forces govt into more restrictions
PoliticsGreek Politicsby the beginning of September, and has now shot up to 67. It is worth noting that Attica has a total of 72 ICU... the end of the month, open-air concerts in Attica can only have up to half the regular audience... priority is people’s health and that this will not be weighed up against the need to protect
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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek Politicson the economy and foreign policy, and give his assessment of government’s record. He also ramped up his... parties remains too large for ND to be worried about their policies being measured up against SYRIZA’s... and build on the decline of the government’s popularity. In the days leading up to his Thessaloniki
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Athens "Great Walk" plan scaled back amid criticism
PoliticsGreek Politicsin the past. In the event Bakoyannis joked that he “got beat up plenty” on account of the initiative... of Tsakalotos at being sidelined from the new shadow cabinet line-up. Tsakalotos later sought... to issue an apology. SYRIZA have been ramping up their criticism of ND in the lead-up to the upcoming
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