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  1. Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
    Photo by MacroPolis

    EconomyBanking

    on the bank's results in the second quarter of the year. In the last quarter of 2021, the net loss was 408.1... 2.2 billion euros, the NPE was down to 13.1 percent by year-end, from 19.9 percent in 2020. The NPE... to deposit ratio fell to 78 percent, stable QoQ and down from 90 percent last year. At the end of December

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  2. SYRIZA challenges govt over Covid deaths again as pandemic numbers rise
    Photo by Natasha Pantazopoulou/Fosphotos

    PoliticsGreek Politics

    year and the monthly energy bill subsidy as well as tax cuts adopted by New Democracy have failed..., to a large extent, the pandemic. Until late last year, Greece’s poor performance in terms of containing... that was put in charge of coordinating Greece’s response to Covid when the virus first emerged last year

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  3. Fallout from Ukraine war being fed into calculations about next general elections
    Photo by MacroPolis

    PoliticsGreek Politics

    Comments by a government official appear to have doused expectations of snap elections before the summer, but speculation remains as lively as ever about an early vote later this year, possibly... at the end of the government’s four-year term towards next summer, to be held this year. Petsas

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  4. Feb budget primary surplus confirmed at 840 mln, as revenues overperform
    Photo by MacroPolis

    EconomyMacroeconomy

    million euros, compared to a deficit of 1.5 billion euros during the same period last year, according... of collection of last year’s tax dues. VAT intakes beat their target by 280 million and special... to 1.76 billion euros, short of the target by 14 million euros. Last year, interest payments were

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  5. PM focuses on high prices, food supplies as snap election option fades away
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    elections before the end of his government’s four-year term. Speculation was rife again in the past few... by the summer, which would bring a strong tourism season that would boost this year’s growth... to suit a scenario in which elections are held next year rather than in the coming months. SYRIZA

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  6. Net credit flow turns positive in Feb: 1.4 pct rise led by loans to corporations
    Photo via https://flic.kr/p/2mWYuuz

    EconomyMacroeconomy

    Credit movement in the Greek private sector accelerated to 1.4 per percent year-on-year (YoY) in February, from 0.9 in January and 1.4 percent also seen in December, Bank of Greece (BoG) figures... a peak of 3.7 pct in February last year. The net lending flow was positive by 969 million euros

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  7. Economic sentiment holds in Mar as consumer confidence falls sharply
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    in April last year. The Employment Expectations Indicator (EEI) came to 108.7 points in March, from... 12-month period. Industry confidence increased by 1.5 points to 11.3. Since April last year, industry... by 8.8 points since April last year.

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  8. Mitsotakis sweeps aside election talk as ND continues to suffer in polls
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    four-year term, next spring/summer. He also dismissed the idea of changing the electoral law again... the economic growth that was expected this year. The premier reiterated that his strategy is to opt for second... stages of its four-year term in office. A new survey by Alco for Open TV sees support for ND dropping

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  9. Imminent end for enhanced surveillance offers boost to beleaguered govt
    Photo by EC - Audiovisual Service

    PoliticsGreek Politics

    to follow by the end of the year. However, it would also lead to some clarity over Greece’s fiscal plan for the rest of the year, accounting for the turbulence caused by the war in Ukraine, the energy... pct from 2023. The primary deficit for this year is seen at 2 pct of GDP, with the prospect of rising

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  10. Greece's fiscal path becoming clearer; sizeable adjustment lies ahead
    Photo by MacroPolis

    EconomyMacroeconomy

    doused any hopes the Greek authorities had about maintaining fiscal flexibility next year. He noted... to be achieved next year, the latest developments pose fiscal challenges for the authorities as Greece is scheduled to have a primary deficit of close to 2 pct of GDP this year, as the Ukraine

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