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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking(QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9... the quarter, corporate NPLs came to 35 billion euros, around 600 million lower than the target... than the previous target by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBanking’, respectively. The rating for NBG’s covered bonds is four levels higher than that for the country’s overall... sees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... lower than last year’s MTFS when the economic recovery was projected to accelerate with GDP up
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Draghi sets out QE obstacles facing Greece
EconomyProgrammethe target by 800 million euros. VAT revenues came to 10.9 billion euros, 200 million euros more than... billion euros was collected last year. Around half of this came from individual debts of more than 150 million euros, whole 17 percent was from debts of less than 10,000 euros. He added that tax
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S&P revises outlook to positive, sees encouraging signs after debt deal
Economy’s expectations, there are reversals of reforms, or if growth is weaker than expected, both... held) portion is less than 20 percent of the total stock and less than 40 percent of Greece’s GDP
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Coalition focuses on relief effort after fires as Mitsotakis holds back on criticism
PoliticsGreek Politics. The accusation that his government is no better than previous administrations is probably one that Alexis... for the bailout exit in less than a month. Thoughts of a major event to mark the end of the programme are likely to be abandoned and the coalition will be forced to adopt a less celebratory tone than it would have
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Government bolsters aid package as questions mount over deadly fires
PoliticsGreek Politicsthan 1,200 homes in Mati have so far been deemed unsafe. The Greek state will initially contribute 40.... It did not go unnoticed that the current SYRIZA-led coalition is offering victims more than the 3,000... to the dozens of deaths rather than a momentary lapse of coordination or action by authorities. There have
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Buckling under pressure of Mati death toll, Tsipras searches for corrective actions
PoliticsGreek PoliticsAlmost a week on from the wildfire northeast of Athens that caused the deaths of more than 90... as it was by the sea. From there, the fire had reached the sea in less than 20 minutes. The unique set... of a cabinet reshuffle rather than to make him a scapegoat for any mistakes. It is expected that Tsipras
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Fire fallout casts doubt on Tsipras’s post-MoU strategy
PoliticsGreek Politicshave also asked for a wider judicial investigation than the one that has been launched, which... to begin the knocking down of more than 3,000 structures. Nevertheless, the Mati disaster casts... timetable rather than to consider elections even earlier, this autumn for instance, as the memory
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomy. As with exports, imports in Greece show goods leading the way rather than services. Imports rose to 34.3..., a threat could come in the form of imports of goods rising faster than exports, which will drive... than productivity. Since, as mentioned, this is not viable in the long term, productivity must
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomycontributions of more than 5,000 euros from the four main Greek pension funds. It is due to this ongoing... short of 1.4 million. Most debtors, 49 percent of the total, owe less than 5,000 euros for a total... contains 93,363 debtors owing 5.18 billion euros, followed by those that owe more than 1 million
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