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Watchdog raid strains testy relationship between banks and govt
EconomyBankingcollateral. The Greek authorities would be reluctant to commit to this as nearly 40 billion euros has been pumped in the banking system by the state and it has essentially evaporated during the crisis... of credit to the economy, which has been deleveraging for nearly a decade. As part of the post
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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeThe Greek government has set its sights on the last Eurogroup of the year, hoping... plan which is seen as crucial to relieving banks of their bad loan burden. The Greek side has... on November 20. Little controversy surrounds this, as it has already passed scrutiny by the European
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingthat it currently has around 5,100 properties under its repossessed real estate portfolio as of Q3, valued... euros in September 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankinghas yet to be endorsed by the Finance Ministry and has not progressed. The modalities of the scheme...-‘ and the management of the securitisation has passed on to the servicer, who is independent
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Newsletter 232 -13/12/2019
of the securitisation has passed on to the servicer, who is independent of the bank that issues... of October, the short-term side of the yield in the T-Bills has been shifting downward throughout the year... compared to an index of 64.4 in Q2 2019. Since the series low of 58.8 noted in Q3 2017, the index has
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Business leaders set out steps to attract skilled Greeks as govt offers wage subsidies
SocietyThe Hellenic Federation of Enterprises (SEV) has released a report on what steps need to be taken... that the migration of these workers has led to shortfalls in skills and modern resources needed by the country... The issue of the brain drain is also being scrutinised by the government, which has just announced
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ND adjusts course after brief outcry over press subsidies
PoliticsGreek Politicsit a few days later after the inclusion of Makeleio, a daily that has repeatedly been accused of racism... announced on Saturday that the decision to allocate the funds would be cancelled. New Democracy has... to newspapers and nobody within the government or the opposition has raised any concerns about a blurring
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Hellinikon runs into another stumbling block as casino tender falters
EconomyFeaturescompany, one of the two bidders for the licence, has objections to the process. Allen revealed that he... that at least Lamda confirmed this week that it has completed its share capital increase, raising 650 mln euros. Another 880 mln euros in financing has been secured from Greek banks, while 150 mln
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Wages index drops for first time in two years, declining by 1.2 pct in Q3
EconomyMacroeconomycame to 105.2, down from 105.9 in Q2. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to ten consecutive quarters. It has also stayed above the 105-point... quarter. Since its peak, the index has declined by a quarter on the back of the negative impact
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Unemployment drops to 16.4 pct in Q3
EconomyMacroeconomythe unemployment rate has been since Q2 2011, when the rate came to 16.5 percent Compared to the same period last year, the jobless rate has declined by 1.9 percentage points (pps) from the Q3 2018 figure... figure for long-term unemployed has remained below 600,000 for a third consecutive quarter. Part-time
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