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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingGreek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure. Changes to the civil code to be legislated and introduced by the...
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Kotzias takes next step in effort to reach name deal, settle Balkan issues
PoliticsForeign PolicyGreek Foreign Minister Nikos Kotzias is due to visit Ohrid in the Former Yugoslav Republic of Macedonia (FYROM) this week for a new meeting with his counterpart Nikola Dimitrov, just a few days after their talks with UN mediator Matthew Nimetz in Vienna...
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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgrammeThere appears to have been a breakthrough in the negotiations between Greece and the institutions regarding fiscal issues, which would remove one of the biggest obstacles towards reaching a staff-level agreement on May 24. A senior Greek official told t...
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Coalition picks out positives from lenders' deal, clashes over political violence
PoliticsGreek PoliticsThe Greek government is hoping that there will be a positive conclusion to the discussions taking place among its lenders regarding debt relief, which would provide a significant boost to the beleaguered coalition. A eurozone official speaking to report...
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Key debt relief talks fail to result in deal, leaving IMF role in doubt
EconomyProgrammeA meeting of Greece’s key lenders on Saturday failed to result in an agreement on the debt relief package that is due to be tabled at the June 21 Eurogroup, leaving diminishing chances of the International Monetary Fund being involved in anything more t...
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeGreece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses the agreement reached on the June 21 Eurogroup concerning debt relief for the country. The PDMA notes that Greece’s debt now has a comprehensive package of debt rel...
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeThe International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budge...
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek PoliticsThe Greek government is encouraged about the prospects of reaching an agreement with the institutions on pension cuts this week as it continues its drive to legislate the so-called “positive measures.” During a press conference on Monday, German Finance...
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign PolicyRecent developments mean that it is clear the first months of 2020 will be challenging for Greek-Turkish relations. The Greek government is preparing for Turkish claims that clash with Greece's sovereign rights to intensify since there is no visible sig...
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Greece, Turkey launch new round of talks as Libya sea deal casts shadow
PoliticsForeign PolicyForeign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media reports, Athens is concerned that within the next few days t...
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