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Tsipras encounters SYRIZA resistance, waits for court verdict on TV licences
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has been given a reminder by his party that he will not have it all... the liberalisation of the energy market that has been agreed with the lenders. The stance of the 53... licencing procedure, which he took it upon himself to oversee, has weakened his position and triggered
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Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
EconomyMacroeconomyin August. Since the beginning of the year, the corporate lending sector has recorded deductions... has remained persistently negative since the beginning of 2011 with cumulative deductions of around 40 billion dragging loan balances down 23 percent over this period. Consumer credit has posted
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Economic sentiment and consumer confidence markedly improve in October
EconomyMacroeconomyin October, which is the highest reading since March 2015, while has recorded gains of 6.2 points... the beginning of the year, it has soared by 17.9 points. The industry confidence rebounded by 1.5 points... months, the retail trade indicator has posted the most notable rise of 26 points followed by the services
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New Democracy seeks higher ground in escalating TV permits row
PoliticsGreek Politicsthat the watchdog could assume its duties. Polydoras, however, has long split from the conservative party. He... court’s full ruling before deciding on how to launch a new licencing scheme. New Democracy has... Democracy has decided to present itself as the party that will defend Greece’s institutions
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Eurogroup sees possibility of swift review but differences on debt relief remain
EconomyProgrammeauthorities and the institutions has been fruitful so far, while progress has been made in the ongoing..., Dijsselbloem noted that the Eurogroup (probably in December) has to define the time frame for the medium
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Obama puts emphasis on issues deemed vital by Greece in Athens visit
PoliticsForeign Policywhat the Greek government has been arguing for in its negotiations with the institutions. In the news..., for which it has attracted criticism as well as praise from the European Union. “I want to also... geopolitical importance, which is a factor that the European Union has often not attached great importance
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingthe last two quarters, the headcount has been cut by around 1,000 to 15,935 employees, while the network has been reduced by 75 to 840 branches. Impairment losses declined by 14.1 percent QoQ to 191... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1
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Tsakalotos states case for debt relief as New Democracy sharpens up
PoliticsGreek Politicsfor Greece. The government has returned to its task of trying to agree a staff-level agreement... Mitsotakis has decided to shake things up a little at the opposition party. The conservative chief has decided to appoint a shadow cabinet in a bid to intensify pressure on the coalition and give
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgrammesummary report on the developments regarding Greek banks’ NPL strategies and targets. BoG has... workout. According to the draft sMoU, an agreement has been reached allowing for both large and small... debt to be excluded from any haircut. The draft sMoU also notes that the government has to amend
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyof employed has risen by 60,600, while that for the jobless has declined by 81,000. Τhe non-seasonally... percent in 2016. However, there is a significant divergence in their forecasts for 2017. IMF has
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