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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingBrussels. The report adds that the government has received assurances from all four systemic banks..., Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1... euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1 billion. NBG currently has
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SYRIZA launches membership drive but still struggles with 2015 backwash
PoliticsGreek Politicsovershadowed by the dragging up of the party’s problematic past. The party has launched a website.... The effort to focus on the party’s future has been overshadowed to some extent by the revival... to avoid Varoufakis and his party profiting from the fallout. SYRIZA has settled on a narrative
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Greece worst in EU for gender equality as power resides overwhelmingly with men
SocietyThe latest report by the European Institute on Gender Equality (EIGE) for 2019 has revealed... score has risen by only 4.4 points between 2005 to 2017. The EU average score was 67.4 points... with children, women earn 22 percent less than men and 23 percent less where the couple has
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economypositive outlook for the country. Now S&P and Fitch are on a par, while Moody’s has Greece one grade..., the agency notes that Greece has one of the most advantageous debt profiles of all the sovereigns it rates..., after the final disbursement from the European Stability Mechanism (ESM), Greece has a sizable cash
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Xi's visit carries promise of closer Sino-Greek political, economic ties
PoliticsGreek Politicsbetween the two countries and recognises that Greece has an important role to play in promoting further... that it has a more elevated political status in Beijing’s eyes. In this respect, the suggestion... Democracy may also find that it has to tread carefully in balancing its desire to cultivate
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HRADF development plan lays out list of actions pending for privatisations
EconomyFeaturesThe Hellenic Republic Asset Development Fund (HRADF) has noted in its revised business development... the status of the Egnatia Odos highway privatisation, which has a more extensive list of ongoing actions.... The administrative authority for the tunnels has also as yet not confirmed the construction works required
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OECD report traces change in public spending over a decade
EconomyFeaturesThe latest OECD Government at a Glance report for 2019 has illustrated the way in which public spending has changed in Greece across the crisis years. It shows the extensive change in Greece’s public... as of 2018. Judicial services The timeliness of judicial services has long been an issue raised when
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Constitutional changes and Tsipras's leadership under scrutiny
PoliticsGreek Politicsbut these complaints were rejected on Wednesday. The opposition party has proposed an alternative system... are needed for this article to be altered. SYRIZA has made this something of a flagship issue... to introduce regarding the diaspora vote. Interior Minister Takis Theodorikakos believes that he has achieved
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingthe September 2015 peak, NPEs have fallen by 12 billion euros. Management noted that it has concluded the sale... noted that Piraeus Bank has frontloaded workstreams on a 2-billion-euro mortgage securitisation..., the QoQ increase in the top line has almost absorbed the cost of the new Tier II issue. The new time
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Constitution tweaked, consensus sought for Greek diaspora vote and next president
PoliticsGreek Politicsthat Prime Minister Kyriakos Mitsotakis does not seem to be considering proposing a second term) has already... the nationalist party was part of the governing coalition with SYRIZA. The controversy has been fuelled... has not been averse to favouritism since it came to power even though the reaction in the local
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