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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingin Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... in December, while has slipped to 22.8 billion in May. The breakdown shows ELA funding currently stands at 18.1 billion and ECB funding at 4.7 billion. A part of the previously used Euroystem funding has
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Coalition lines up draft legislation with aim of shifting debate and mood
PoliticsGreek Politicswill be on the Eurogroup Working Group meeting, which will decide whether Greece has done enough... change the main topic of discussion domestically, which has recently been about the measures needed... Democracy a large lead over SYRIZA (25.4 vs 17.9 percent), underlining how far public opinion has turned
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Brexit leaves Greece dangling precariously
Agorabefore. Brexit has the potential to unleash not just a wave of consequences that will be damaging... on this. European Council president Donald Tusk has warned against going in chase of some kind of Utopian..., the key question will be if this group of politicians has what it takes to steer Greece through
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Pending pensions mount up, complicating fiscal effort
Economymain pensions (i.e. applications for pensions for which the process has been delayed for technical, bureaucratic or other reasons) has reached 159,290 cases. More than half (85,300) related to IKA... pensions to the private sector has an estimated cash deficit of 700 million this year, which is due
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SYRIZA to suggest switch to proportional representation, schedules congress for Oct
PoliticsGreek Politicspercent 10 years earlier, which suggests that there has been a substantial shift in public opinion... in a position to form the next government. However, SYRIZA has argued in favour of proportional... universities. Mitsotakis has said he is willing to back such a change. The central committee marked
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Tsipras gauges EU mood on Brexit as gov't strives for support on change to electoral system
PoliticsForeign Policya government after future elections, the Communist Party (KKE) has also declared its opposition... to be adopted immediately. The Union of Centrists (9 MPs) has said it will back the overhaul. Its... for the winning party would have to remain. New Democracy has proposed something along the same lines
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Lew highlights geopolitical dimension of debt relief discussion on visit to Athens
PoliticsGreek Politicsand institutions should end up. Except that in the end, it has to work," concluded the US finance chief... the FT. It is perhaps the first time recently that a figure of Lew’s significance has drawn clear links between the pressure on Greece to meet fiscal targets, and what effect this has on the country
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Simple majority for new electoral law, which threatens future complications
PoliticsGreek PoliticsDemocracy leader Kyriakos Mitsotakis has committed himself and his party to such a goal. However..., for example) so the process is made easier this way also seem slim. Although New Democracy has forged ahead..., there has been a suspicion since last year that at some point he may be invited to join the government
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Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
EconomyMacroeconomywith an increase in social contributions by 5.1 percent. Disposable income has plunged by around 13.6... of employees edged up to 14.02 billion euros in Q1. Nevertheless, it has dropped by more than 6.3 billion... 2010, consumption has plunged by 28.3 percent corresponding to around 11.4 billion in absolute terms
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturesand rising unemployment have led to the country’s public healthcare landscape has taken a heavy beating... to the problem, Greece’s exodus of qualified professionals shows no sign of abating, and this has... on health expenditure has increased from 35.6 percent in 2013 to 39 percent in 2014. The split between
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