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Piraeus Bank appoints new CEO, ending a long period of uncertainty
EconomyBankingby the bank’s Board of Directors. The appointment has the consent of the Hellenic Financial Stability Fund (HFSF), which is the single largest shareholder with a stake of 26.42 percent. The process has... and Kapodistrian University of Athens and a MBA from Aston University, UK. Megalou has served as CEO at Eurobank
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Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
EconomyBanking. On the liquidity front, Nouy noted that hoarded cash has also been reduced, adding that “it is a bit early... continued in February amid uncertainty over the conclusion of the second programme review, which has..., Nouy noted that a lot of progress has been made so far on the legal framework, but more legislative
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammeof indicators. The first indicator has the highest weight of 25 percent of the total score... vulnerable in case it has higher financing needs and market perception of risk as well as lower liquidity of its market-traded debt. The second indicator has a weight of 20 percent and involves
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Greece watches closely as Turkey prepares for referendum
PoliticsForeign Policyway. The Greek government is well aware of the current polarisation in Turkish society, which has.... Continental shelf: This is the only issue that Greece has recognised. Ankara claims that the Greek islands..., then the seabed of half the Aegean is under Turkey's authority. Airspace: Greece has 10 nautical miles
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Greece sees highest tax wedge increase among OECD countries in 2016
Economyworker. The evolution of the tax wedge for a single worker in Greece since 2000 shows it has edged up by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period. It is noted though that the Greek figure peaked at 43.2 percent in 2011. It has declined by 3 pp since
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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomysecurity contributions. Over the last seven years, disposable income has been slashed by 36.6 percent... and landed at 15.75 billion. Since 2009, compensation of employees has recorded a nosedive of 32.8... quarter and stood at 14.61 billion in Q4. This item has declined by 27.5 percent over the last seven years
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Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
PoliticsForeign Policyrequest for the men, which it has branded traitors, in January after Greece's top court ruled... activity in the Cypriot EEZ has coincided with reports in the Turkish Cypriot press according to which... further pressure on the Cyprus Republic ahead of hydrocarbon exploration in July. UN role There has been
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyand stood at -69.7, its highest reading since January. However, consumer confidence has dropped by 5.3... is the lowest reading since May 2016. Since the beginning of the year, this indicator has declined by 4.7.... Over the last 12 months, the biggest improvement of 22.9 points has been recorded by the services
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Greek and Turkish PMs tone things down, look to new Cyprus talks
PoliticsForeign Policyof communication open to prevent the escalation of tension. Yildirim has said that violations are being carried... soldiers who fled to Greece but whose extradition to Turkey has been blocked (much to Ankara’s frustration... and that no decision has been taken yet on their political asylum applications. Yildirim phrased his
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Conference on Cyprus: foot-dragging towards a dead end
AgoraAnyone even remotely interested in the Cyprus issue has, by now, become an expert on the geography... has explained. Given that more than 75 percent of the privately owned land in northern Cyprus.... This is true. One has also to take into account, however, that the two communities have failed
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