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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammedebts from Greece’s lenders has been around for several years but has stumbled on the capital... in the second half of last year, Greece still has by far the highest ratio of bad loans in the EU. According
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammebillion euros will be released once the institutions are satisfied that Greece has met... confirmed that its board of governors has approved the supplemental memorandum of understanding... weeks has been fuelled for political reasons. The suggestion from the ruling coalition is that its
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Progress on new property values but concerns about energy privatisation
EconomyProgrammehave collected around 2.6 billion euros from the property levy and this year’s budget has an identical... to be worth more than 200,000 euros. A clearer picture will only emerge after a secondary panel has... in the objective values that have been proposed. There has been pressure on Athens from the lenders
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomyof the year, Eurosystem funding has fallen by approximately 7.38 billion. As with the previous month... Bank (ECB) funding to 11.24 billion euros. In recent months, ELA funding has been steadily falling... with improved market access. Eurosystem funding to Greek banks has declined by approximately 100.28
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBanking. The final quarter’s results mean that NBG has exceeded its annual NPE reduction target by around 830... formation of 25 million euros in mortgages. Since the end of 2015, NBG has achieved a net NPE... in December and added around 35 bps in capital and 270 million in liquidity. NBG has also entered
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Ankara tension and Macedonia name talks weigh down coalition
PoliticsGreek Politicsparty has urged the government to engage on these issues via the institutional route... the necessary political consensus at home. This has provided Mitsotakis with a platform to attack Tsipras.... This has given the government’s critics more ammunition. On Thursday, New Democracy spokeswoman Maria
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Complications over reforms cast doubt on June target for global deal
EconomyProgramme. The Finance Ministry has indicated that evaluators increased the values in around 60 percent of areas... finance ministers that has so far been the target for all sides. Nevertheless, it may be the case... by the lenders. PPC divestment One of the most prominent reforms that the Greek government has
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Central Athens shop closures at six-year low, mixed picture in other commercial centres
EconomyFeaturesA survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has revealed that the number of shuttered shops in Athens’ city centre has dropped to its lowest level since 2012. The survey has been carried out every six months since 2010 and centres on several main commercial
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesa long-term positive impact on the real economy. The fund has been created by the Greek government..., the country has the lowest levels of venture capital and private equity activity in the European Union... rather than elsewhere, therefore easing the significant brain drain that the country has experienced
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Collateral damage in Europe?
Agorain the future? Over the course of the past decade China has become a formidable investor... and infrastructure initiatives into the political economies of Europe has established linkages and dependencies... for their own strategic benefit in the emerging trade conflict. As the European economy has started
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