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ND on cusp of brokering deal over diaspora vote as Novartis battle heats up
PoliticsGreek Politicseconomic policy going forward, the focus of Greek politics is currently on an apparent rare moment... will also lead to Article 54 of the Greek Constitution being revised. The government is aiming to wrap... of the Swiss pharmaceutical giant’s Greek branch, Konstantinos Frouzis, will be the first person
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Govt rebuffs uncomfortable reports on money laundering, unpaid contributions
PoliticsGreek Politicslaundering practices” and that it could benefit “a dozen Greek shipowners, prominent business people and former bankers under investigation for breach of trust and money laundering.” The slow Greek judicial... Gerapetritis, was to argue that the amendment was designed to align Greek criminal law
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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomythose published by the Commission on Wednesday, with the Greek authorities seeing the economy growing..., the Greek authorities anticipate that some of its tax cuts will cascade into spending in the economy... and imports will grow essentially in tandem, growing by 5.1 and 5.2 percent respectively. The Greek
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
EconomyProgrammeThe Greek Finance Ministry announced on Monday that the process of prepaying some... billion euros. Following the prepayment, the Greek authorities will not have to repay any IMF loans until... Greece has to start repaying next year. Not factoring in T-bills, the Greek authorities have
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingto drastically reduce operating costs further leaves Greek banks with few solutions. As of June this year, the capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1 (CET1), however..., Greek banks when profitable offset the DTCs against the tax they would to pay on their profitability
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBanking, is eroding the Greek banks’ ability to generate profits. Additionally, the limited capacity to reduce operating costs further means Greek banks have few options for increasing profitability and generating internal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
PoliticsGreek Politicson Tuesday Greek time meant that in Wednesday morning’s press coverage was somewhat obscured by the earlier... measures that have been successful in the US. The Greek leader said he would be calling on Trump..., stressing the importance of the transatlantic alliance since the Second World War. The Greek prime
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Newsletter 236 -24/01/2020
its goals The fifth enhanced surveillance review was due to be concluded on Friday, with the Greek... review allowed the Greek government to set out its proposals on the fiscal front and in turn secure... accepted by borrowers. The institutions’ visit to Athens provided an opportunity for the Greek
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomy, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its... that drastically changes the status quo, or the complexities that the Greek demands will have... to to build a critical mass of support on the requests. The Greek authorities will need to first clear
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Greece faces dilemma over how to address relations with Turkey
PoliticsForeign PolicyGreek-Turkish relations are still hanging by a thread and the government in Athens appears unsure.... They tend to believe that the Greek side should act more proactively by tabling, for instance, the geographical coordinates of the Greek continental shelf or of the Exclusive Economic Zone
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