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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingPiraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part... formation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion..., NPL stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE
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Macedonia name deal in hands of Tsipras and Zaev
PoliticsForeign Policy, and the formal and legal aspect of the agreement." The Greek government has also avoided making any comment... is expected to inform NATO Secretary General Jens Stoltenberg that a mutually accepted solution has been... will be quite complicated. It is not yet clear what has been agreed on these issues. According
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Parties draw dividing lines ahead of new protests over name issue
PoliticsGreek Politicswas on the domestic criticism that the government has received for its handling of the negotiations... has not officially declared its support for the protests but conservative leader Kyriakos... Democracy has decided to align itself with its most extreme wing,” said Kotzias. “It is looking inwards
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After reaching name settlement, Skopje and Athens face more hurdles to ratify deal
PoliticsForeign Policywith a national Greek line that has been in place for almost 20 years and demanded that Skopje accept a composite... has never been accepted before by other governments in Skopje. The Greek government believes... also believes that it has achieved a major diplomatic success by getting FYROM to agree to change
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After signing name deal, Athens and Skopje face several more steps
PoliticsForeign PolicyAthens has already composed the letter to NATO Secretary General Jens Stoltenberg, which... on Wednesday. Zaev has chosen to follow an emergency, the same that the country’s Parliament usually... on Friday. The country's president, Gjorge Ivanov, has rejected the agreement and is not expected
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Income and living conditions survey shows persisting inequality
SocietyThe Hellenic Statistical Authority’s (ELSTAT) 2017 Income and Living Conditions survey has shed... deprivation has declined by 1.3 percentage points (pps) compared to the high of 22.4 percent registered in the 2016 survey. Material deprivation As ELSTAT notes, from 2009 onwards, material deprivation has
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomy) monthly financial statement has revealed. The fall across the month brought central bank funding to 20.87... of the year, Eurosystem funding has fallen by approximately 12.80 billion. The decline was led by a fall... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been
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Saving Angela Merkel with the help of Alexis Tsipras
Agora. As has been argued by some in the past (including the author of this piece), Greece and Germany both... relationship Tsipras has established with Merkel since leaving behind him the confrontational approach he... are the ones that have to pay the highest price. It has become ever more apparent that they are citizens
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomy-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed. In May, the MoM... January, when funding fell by 4.58 billion MoM. Since the start of the year, Eurosystem funding has..., ELA funding has been steadily falling, with the latest reduction coming on July 12, when the ECB
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammein Efimerida ton Syntakton, HRDAF sources were reported as saying that a subpoena Glencore has received... for Competition (DG Comp) has cleared the privatisation of the Hellenic Gas Transmission System Operator... privatisation roadmap, since the deal has been plagued by delays, collapsed tenders and lower than
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