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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingPiraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner... completed in the last days of December, codenamed Mayfair and Sunrise II, the capital base has strengthened by 100 basis points over Q3. Piraeus Bank has been the most active in executing its business
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Monday. IPI has been recovering since November last year... to November, the IPI has increased by 10 percent YoY. The aggregate was driven by a 16.3 percent..., industry confidence has increased by 17.5 points. In addition, Greece’s manufacturing PMI edged up
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Rising yields, market turbulence limit government's fiscal options
EconomyGreece off its fiscal path. The government has its eyes firmly on securing an investment grade from..., including a green bond in the second part of the year. Greece also has a cash buffer that is kept... the policy response options available to the government, which in the last weeks has come under
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Athens makes landmark foreign policy shift by sending arms to Ukraine
PoliticsForeign PolicyAthens has shown its support for Kiev following Russia’s invasion by sending ammunition to Ukraine... Gen. Konstantinos Floros. Greece has sent “Kalashnikov-type assault rifles” and missile launchers.... Historically, Greece has not taken a position against Moscow following 1944 and certainly not since
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SYRIZA challenges govt over Covid deaths again as pandemic numbers rise
PoliticsGreek Politicsends meet. Although this has not yet translated into a significant or sudden drop in support for ND, the fact that its share of the vote has fallen below the combined backing for left-wing SYRIZA... to intensive care. SYRIZA has long argued that the government did not do enough to strengthen public
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Economic sentiment holds in Mar as consumer confidence falls sharply
EconomyMacroeconomyperiod, the ESI has increased by 15.5 points compared to April 2021. The indicator hit its most recent... 114.1 points in January, recording a sharp decline. The EEI has risen by 3.5 points in the rolling... confidence has increased by 17.1 points. The services index dropped by 5.5 points to 37.7. Services
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Tsipras strengthens hold on leadership at fractious SYRIZA conference
PoliticsGreek Politicsmeant that SYRIZA has waited a long time for an opportunity to regroup since losing power to New... 2015-2019. While holding on to a solid second position in the polls since then, the party has suffered something of an identity crisis which has prevented it from capitalising on the gradual haemorrhaging
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomy0.4 pct for 2022. This has now been upped to 4.5 pct, before settling at 1.3 pct in 2023 and 1.9 pct... pct of GDP in 2027. Bank of Greece data over the last few months has highlighted a significant... at that level all the way to 2060. The IMF has expressed its reservations and presented research
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Where is Odysseus? Part 2 - Uncertainty
Agora, so we need to ask what has happened to the economy in the meantime, and whether Odysseus is still... were to accept more immigration than is assumed in the baseline calculation. Recently, Greece has had...” scenario above. But, fertility is another matter. Greece has relatively low fertility and it has been
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PM checks up on wildfire strategy, vital to election plans
PoliticsGreek Politicsrelied heavily on assistance from abroad to tackle the blazes. It has been decided that this year... then, there has been concern in New Democracy circles about what impact another destructive fire season... Democracy MPs. As a result, the PM has a considerable amount riding on his moves paying off this year
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