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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingin the previous quarter. In the Greek market, NPE formation in Q2 fell by 516 million, driven by a 642... percent compared to 80 percent previously. In the Greek market, NPL formation fell by 722 million euros... in these sales, the cost of risk in Q2 came to 82 million. The Greek cost of risk came to 151 bps over
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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek Politicsadded. The state of play in Greek public finance, along with the 2019 budget, were due to be part of the discussions between the institutions’ mission chiefs and Greek government officials on Wednesday.... Kammenos suggested that he might turn his back on the coalition if Greek Parliament has to ratify
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Athens believes name deal still alive, waits for move from Zaev
PoliticsForeign Policyand some confusion. This was evident in the Greek Foreign Ministry's announcement before the final....” The official response from the Greek Foreign Ministry also contains theories about “extreme and aggressive... that there is a majority in the Greek Parliament to ratify the Prespes Agreement. This prompted an angry
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomypotential of the Greek economy and to improve the Greek social safety net that will be implemented provided that the agreed medium-term targets are met.” In the MTFS earlier this year, the Greek... public sector pensions, along with some other minor adjustments. In return, the Greek authorities have
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammeThe Greek government is expected to submit to the European Commission a version of its 2019 budget that is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes... Thomsen also met separately with the Greek official. Athens claims that the measure was only agreed
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Newsletter 179 -19/10/2018
’s Parliament. Should he succeed now, or after snap elections, the treaty’s submission to Greek... approved by Greek MPs, allowing Tsipras to call snap elections soon afterwards. It is still deemed..., slightly lower than the 9.6 percent growth seen in March. In nominal terms, the Greek economy grew by 2.1
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Tsipras faces challenges ahead on multiple foreign policy fronts
PoliticsForeign Policyat the Greek Foreign Ministry brings any substantial change to the country’s foreign policy and relevant... NAVTEX on a seismic research by the ship “Barbaros” on a segment of the Greek continental shelf. Athens... in 2017. It would be interesting to see how the Greek government and he himself will respond
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Tsipras reaches settlement with church, aiming to subdue critics
PoliticsGreek Politicsand the Church of Greece over property ownership and removes the fear that at some point a Greek government... with the revision of Article 3 of the Greek constitution, which relates to the role of the church. The prime... and elsewhere will remain and if there will be any changes to the way religion is taught in Greek
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OECD sees 2.2 pct growth in 2019, stressing importance of reform adherence
EconomyMacroeconomythe Greek economy will grow in the near future with the release of its economic outlook, and stressed... growing by 2.2 percent in 2019 from a previous forecast of 2.1 percent for 2018. The Greek Finance... are expected to grow 8.8 percent in 2019. The Greek Finance Ministry anticipates private consumption
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Newsletter 185 -30/11/2018
in the Greek media over the past few days about the timing of the next elections, with Tsipras said... left for the country’s credit institutions. BoG highlights that Greek lenders have made significant... the preliminary figures provided for October to incorporate the Greek government’s new budget figures
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