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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingincome increased by 10 pct in H1 to 136 million euros. The bank’s trading income in H1 was 449 million... deposits amounted to 49.6 billion euros, from 46.6 billion euros in Q1. NBG’s loan to deposits ratio came to 53 pct, from 56 pct in Q1 2021. NBG’s participation in the ECB’s TLTRO/LTRO facilities
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Anger over wildfires grows as PM prepares lines of defence
PoliticsGreek Politicsextent the government’s main line of defence, which has pointed to the prompt evacuation messages sent... to be the number one goal. However, since Mitsotakis’s speech last Thursday, the extent of damage inflicted..., with the media’s participation resuming this week. ND response Instead, the government is hoping to hit
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Mitsotakis faces press in attempt to defuse criticism over wildfire handling
PoliticsGreek Politics’s history. He added that the recent events vindicated New Democracy’s policy choices in making... that the events proved correct the government’s recent decision to spend 1.8 billion euros on a Civil Protection... of “fake news” for political gain. The PM’s willingness to face the media is likely to buy some time
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Industrial turnover rises by 22.4 pct in June
EconomyMacroeconomyGreece’s industrial turnover rose 22.4 percent from a year earlier in June, compared with a revised... levels of the first lockdown in 2020, with March’s rise bringing to an end 14 straight decreases..., following an increase of 61.7 percent the month before. In the domestic market, June’s increase
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PM removes under-fire ministers from posts in late-summer reshuffle
PoliticsGreek Politicsare expected in the coming days, when Mitsotakis will set out some of his government’s key policies..., where he was in charge of Greece’s civil protection mechanism. Hardalias was moved to the Defence... to cultivate the image of a centrist who eschews Greece’s tradition of polarising politics. Plevris
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Govt grabs opportunity offered by escape clause to entice voters with support package
Economyreshuffle has had an impact on overall sentiment and the public’s view of the Prime Minister. Despite... to the inclusion of GGBs in the ECB’s emergency QE programme. Grabbing this opportune moment, the PM’s aides... conservative view of Greece’s growth potential this year. And, as the PM announced in his speech
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PBO highlights exceptional factors supporting recovery, cautions against complacency
Economyin the second quarter are circumstantial and transitory. Greece’s annual growth of 16.2 pct in the second... will persist and highlights the implication of inflation in the ECB’s monetary stance..., the escape clause from the Stability and Growth Pact and the ECB’s asset purchase programme (PEPP
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Rival economic plans leave voters unimpressed amid uncertainty over new Covid surge
PoliticsGreek Politicsas the most competent for prime minister with 40 pct, against 26 pct for Tsipras. Mitsotakis’s lead... in voting intentions, with 37.9 pct for the governing party versus 26.7 pct for SYRIZA. The poll’s verdict on Mitsotakis’s performance as prime minister, was, however less reassuring, with 58.2 pct
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Violent clashes at Thessaloniki school turn focus on neo-Nazi youth recruitment
PoliticsGreek PoliticsNazi slogans. The clashes continued later that day when protesters against the morning’s events were... of Golden Dawn targeting students at the school, which is located in a low-income area of Greece’s.... Communist Party KKE called the police’s stance “unacceptable”, claiming they teargassed students
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Govt prepares to increase energy subsidies, lifts most Covid restrictions
PoliticsGreek Politicspublic health experts, including members of the government’s advisory committee. The head of one of Thessaloniki’s largest ICU units called the move “risky” in light of the low vaccination coverage... exceeding the capacity of the city’s ICUs. Concerns are being raised by the government’s decisions
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