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  1. Piraeus enters agreement for sale of 2.2 bln loan portfolio
    Image via www.piraeusbankgroup.com

    EconomyBanking

    combined NPE and NPL stock to stand at 25.9 billion by the end of the year, and to fall further... their targets for bringing down bad loans in the first quarter of the year. Excluding off-balance sheet... in the year, meaning that work will have to be stepped up to reduce them.

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  2. Draghi sets out QE obstacles facing Greece
    Photo by MacroPolis

    EconomyProgramme

    that Greece is on track to meet this year’s revenue target, which is 51.05 billion euros. He also stressed... billion euros was collected last year. Around half of this came from individual debts of more than... debts increased by 6 billion euros last year.

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  3. Mitsotakis warns party to be ready for elections as political contest intensifies
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    an agreement with the lenders to cancel or postpone the pension cuts due next year. In a radio interview... government bodies asking them to provide their forecasts for next year’s budget. In the document, pension spending is seen reaching 25.4 billion euros next year. This projection includes the cuts agreed

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  4. Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s industrial turnover continued its positive streak this year with an increase of 11.4... the second highest increase this year after January’s reading of 13.4 percent. The 12-month trailing index... month. In the year so far, industry confidence has declined by 1.8 points.

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  5. Government indicates readiness to play waiting game on pension cuts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the cuts to pension spending next year. However, comments from Minister to the Prime Minister Dimitris... security fund EFKA produces a surplus this year (which government officials claim it is on course to do... at the end of the year to announce that the pension reductions have been set aside and that it can

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  6. Deadly wildfires likely to heap pressure on Tsipras and ministers

    PoliticsGreek Politics

    , near Kalamos – one of the areas affected by Monday’s blaze. However, last year’s fire did not lead... opposition parties did not hold back in their criticism of the government during last year’s fire in Kalamos... the government of not taking action following similar deadly wildfires in Portugal last year. There will most

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  7. Exclusion from QE confirmed, only ECB's reinvestment programme left
    Photo by ECB via Flickr https://flic.kr/p/qhZVDy

    EconomyProgramme

    by signing the third programme, the waiver was reinstated about a year later in the summer of 2016... billion until the end of the year when net purchases are expected to end. The ECB as of June 2018 has... market. With 75 billion net purchases by the ECB between September and the end of the year, Greece would

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  8. IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    that the growth which began in Greece last year to continue in the near-term, with real growth expectations of 2 percent this year, picking up to 2.4 percent in 2019. Growth is expected to fall below 2 percent... recession, unemployment is also due to gradually drop below 20 percent this year, falling to 14.1 percent

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  9. Tsipras seeks to capitalise on bailout exit, build platform for elections
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    year. It seems that this is an attempt to counter New Democracy’s pledge to cut ENFIA by 30 percent... pledges will be the scrapping of next year’s pension cuts. However, this has yet to be discussed... for the drafting of next year’s budget. His efforts to portray the end of the programme as a moment

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  10. Deposits inflows reach 840.6 mln in July driven by time deposits
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was the highest monthly inflow for the year so far. The balance for July 2017 showed inflows of 928.... For the first seven months of the year, flows remained positive and came to 3.79 billion euros, surpassing the aggregate figure for a year ago which stood at 516.4 million. The latest aggregate inflows

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