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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingpicked up pace, more still needed to be done. Apart from the lifting of the Katseli law, which... end up with banks. But to meet NPL reduction targets, the spectre of stepping up property auctions
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammetries to step up its efforts to convince the lenders to scrap the measure following talks... consistent success in beating targets (Athens expects that this year’s primary surplus could end up above 4... for up to 300,000 families from next year. Athens also argues that the European Commission’s Ageing
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsof a setback for Athens, which had been hoping the matter would be cleared up by then so it could... up fiscal space for non-retiree social spending which remains as you know low in Greece and would..., though, is how the Eurogroup weighs up the situation. Germany and other member states will find
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomylifted on cash withdrawals from October 1. In addition, Greeks abroad will be able to withdraw up... activities as well. From October 1, business people and companies will be able to send up to 100,000 euros.... The amount is applicable daily per transfer per client. The transfer overseas of up to 100 percent
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Kammenos deviation raises more questions about coalition's endurance
PoliticsGreek Politicsthat numerous sites in Greece could be made available for the US to set up military bases. The first... foreign policy, defence and security issues with your political future, you can land up somewhere..., it would need to find at least six deputies to prop up the government for a few months so that national
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Coalition's role in freight terminal contract, public broadcaster under attack
PoliticsGreek Politicssteps up its attempt to inflict damage on the coalition. The most serious accusations against... been changed after it was launched and argued that a higher rental price more than made up... much influence over the broadcaster. The issue reportedly came up at Thursday’s meeting of SYRIZA’s
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyconsumption growth is expected to slow down next year, before picking up pace again in 2020. As investment picks up, imports are expected to accelerate which will subdue the contribution of net exports... the unemployment rate falling below 17 percent by 2020. Inflation in the coming year will pick up from 0.8
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Car sales rise by 19.2 pct in October
EconomyMacroeconomy. September’s figure was the first time since May 2017 that car sales declined rather than went up... with the absolute figure standing at 12,712 . The remainder was made up of motorcycles (2,786), lorries (2,390... were made up of motorcycles (33,040), lorries (22,360) and buses (1,147). Motorcycle sales rose
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European Commission approves 2019 budget, urges focus to meet end of year reform goals
EconomyProgramme. The specific reform commitments are in six key areas, with deadlines up to mid-2022, namely fiscal... the agreed goals. Additionally, the proposed freeze in pensions up to 2022 is projected to lead...) and the Agreement on Net Financial Assets (ANFA), and a waiver of the step-up interest rate margin
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Turnover in tourism grows by 9.4 pct during Q3
EconomyMacroeconomy(SETE) annual outlook predicts that tourist numbers could reach up to 30 million in 2018, but warns of competition picking up in neighbouring destinations. Figures from SETE for September showed that overseas airport arrivals went up by 10.2 percent in the month and by 12.8 percent in the year
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