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Multi-bill passes but coalition's relationship with armed forces and police sours further
PoliticsForeign Policy, leading to supplementary retirement pay being reduced by up to half. The government was already... it to come up with 650 million euros. Unions representing the public servants affected... differences with these two groups, took up their cause on Wednesday. Party leader Alexis Tsipras described
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Worsening EU-Russia ties leave Greek coalition in precarious position
PoliticsForeign Policyin an increasingly difficult position and opened it up to criticism from SYRIZA. Russia’s recent decision..., the funds from the EU are unlikely to make up entirely for the damage done by the embargo. Greece exported.... It underlines the precarious position the coalition finds itself in, trying to live up to its role
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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomyremaining the single highest contributor making up 48 percent of total arrears. Hospitals’ arrears followed... euros, which was broadly the same as July but up 50 percent on the year-end 2013 figure... up about 70 percent of the total gg guarantees. The remaining 30 percent relates to state guarantees
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Growth, recovery, change and other words lost in the wind
Agora, competitiveness, adjustment and relief has plummeted. At home, Greek politicians have shown that they can keep up... makers lining up to tell Greeks they will soon be out of the woods is very long. The list of those... and SYRIZA leader Alexis Tsipras said he believes he can open up 300,000 new positions. None of them
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economythat this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40... of more than 12 billion euros to be made available. A follow-up issue, also related to pillar II bonds
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingin Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... billion euros, up by 3 billion compared to the reported NPLs of 21.1 billion. Restructured loans stood... improved to 115 percent in Q3 from 119 percent in Q2 with the positive impact from Citibank making up
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Newsletter 3 - 14/11/2014
was tested, the coalition faces a delicate few weeks ahead as it tries to wrap up the current troika... to the state, which now total about 85 billion euros, in up to 100 instalments. The new legislation... allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional
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Tsipras bolsters ties with Europe’s rising leftists but also looks beyond
PoliticsGreek Politicsis at the forefront of trying to turn this into reality. Tsipras was up front and centre at the meeting... soon. The SYRIZA leader had been lined up to meet European Commission President Jean-Claude Juncker... will develop if he ends up leading Greece will be one of the defining factors in his possible premiership
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammeof the thorniest issues, with recent reports suggesting it is estimated by the troika up to 3.6 billion... that the recently voted law on settling unpaid taxes in up to 100 installments would create... for a technical extension of the current bailout program for up to six months. This means
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingincome (NII) up by 1.7 percent QoQ and 12.1 percent YoY and fee income by 8.3 and 17.6 percent... loss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up... categories showing an increase from +0.6 percent for savings up to +1.6 percent for sight deposits
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