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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingcoverage ratio at 69.7 percent, up from Q2’s figure of 68.2 percent. Management noted that out... and a more active interbank repo market. In the year to date up to mid-November, the fall in Eurosystem... targets and accelerating the clean-up of its balance sheets. “We have already started the process
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Opposition keeps spotlight on arms deal as coalition looks for way out
PoliticsGreek Politicsof submitting invalid documents to Parliament to back up his claim that Riyadh had entered into a state... foreclosures in opposition. Also, the demonstrations against auctions have now been taken up by parties to the left of SYRIZA, including Popular Unity and Sailing for Freedom, which were set up
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After reaching SLA, Athens focuses on prior actions and next bond issue
EconomyProgramme, and the building up of the cash buffer to a volume of at least 12 billion euros. The latter is closely linked... of other loose ends were wrapped up during the final hours of negotiations in Athens... agreed that the Greek authorities would set up a credit bureau that will provide credit scores based
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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeAthens would try to wrap the deliverables up “as soon as possible.” “There is still a lot of work... helped whip up protests and the association of notaries in Thessaloniki decided on Monday to extend... average maturity, the smoothing of Greece’s repayment profile, swap arrangements and waiver of a step-up
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PM stands ground on property auctions despite broad concern
PoliticsGreek Politicsproperties worth up to 280,000 euros out of banks’ hands if their owners’ debts are less than 200,000... such foreclosures “should be ashamed.” Although ministers have spoken up on this issue over recent days, fearing... from SYRIZA officials that the government should draw up some further legislation to protect
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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomytheir target by 462 million euros. The breakdown revealed that tax revenues edged up by 0.5 percent year... expenditure rose to 4.16 billion in November, up by 10.9 percent against the figure for the same time last... by 76 million euros and military equipment procurement by 53 million euros. Interest payments edged up
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Conclusion of third review closer as extensive bill tabled by coalition
EconomyProgrammecrime (including tax evasions), the licensing of casinos, incentives for businesses to start up... for the reform. At least half of paid-up members will have to take part in a vote on strike action... percent of current recipients will see the amount they are granted go up under the new scheme
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatures, it will open up the 3,500-kilometer Southern Gas Corridor which is seen as the most immediate... available through the Kulata-Sidirokastro interconnector. It is envisaged that the IGB will link up.... If developed, it would offer storage capacity of up to 1 bcm. Energean estimates the cost
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Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
EconomyMacroeconomywas the second time in 2017 since February that the figure has gone up rather than down. February’s increase... up around 64.2 percent of the total liquidity. In December, the collateral pledged with the BoG rose... to the previous month. The BoG figures also revealed that banknotes in circulation went up by 312 million
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Kammenos dismisses talk of coalition rift but maintains Macedonia name objections
PoliticsGreek Politicsthe four-year term is up,” said Kammenos after speaking with his MPs, who seem to share his position... on Athens and Skopje to come up with a solution before the NATO Summit in July, which is also shortly... that the contradictory nature of Kammenos’s comments have been one of the factors behind SYRIZA officials talking up
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