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Greece steps up efforts for early bailout exit but lenders play it coy
PoliticsGreek PoliticsGreece stepped up on Sunday its efforts to pave the way for an early and clean exit from its bailout programme at the end of the year but, as Greek officials admitted, all the options are still open. A Greek delegation led by Finance Minister Gikas Hard...
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The state of play with Greek banks' liquidity
EconomyThe ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank of Greece (BoG) was initially approved on January 21 f...
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammeThe Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude Juncker, the ECB President Mario Draghi and the IMF Managing Director Christine Lagarde in Brussels at noon in a last-ditch effort to bridge the differences...
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgrammeThe multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs). The new framework excludes from sale until the end of 2017 loans secured by prim...
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek PoliticsThe pension cuts due in 2019 continue to dominate the Greek political agenda, with the latest intervention from a government official suggesting that Athens has no intention of acting on this issue without first reaching an understanding with the Europe...
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomyGreek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the second quarter (Q2) of 2018 according to the eighth quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Thursday afternoon...
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Comfortable lead allows Mitsotakis to play it safe as Tsipras makes last-ditch attempt
PoliticsGreek PoliticsKyriakos Mitsotakis is sticking to his core themes of tax cuts and growth as Greece enters the final straight of a low-key election campaign that New Democracy looks set to win comfortably. The opposition party’s big lead in the opinion polls has even f...
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ND eyes more tax relief as early elections come into play
PoliticsGreek PoliticsDespite presenting a package of almost 3.5 billion euros worth of relief measures at the Thessaloniki International Fair (TIF), the government might have more measures in store – only adding to the growing feeling that New Democracy is gearing up for an...
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Greek-Turkish enmity to continue as polls loom, sea borders come into play
PoliticsForeign PolicyIn a strange political coincidence, the first half of 2023 elections are due to be held in Cyprus, Greece, and Turkey. In normal circumstances, this might have gone unnoticed, but the tension between Greece and Turkey shows no sign of abating as electio...
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Mitsotakis makes direct play for PASOK voters as SYRIZA questions opinion polls
PoliticsGreek PoliticsNew Democracy appears confident that winning over wavering centrist voters, rather than seeking a formal coalition with PASOK, is the tactic that will secure the party another term in government. Spurred on by positive polling figures, PM Kyriakos Mitso...
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