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Tension rises in Greece but creditors see potential for agreement soon
PoliticsGreek Politicswill call elections if he feels he cannot get a deal that will be supported by his MPs. However, one could... the fiscal mechanism being reached in the coming days. “The Greeks are very constructive and serious, so... of GDP in measures (3.6 billion euros) now as this may kill off any hopes it has of convincing its
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Tsipras weighs up options amid concern about mired talks
PoliticsGreek Politicsin one form or another. This would be a complex bargain for Tsipras to bring off and would have... needs. Review stand-off The International Monetary Fund’s apparent decision to give up pressuring... with Reuters published on Monday, Finance Minister Euclid Tsakalotos said he was “very disappointed
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingare very pleased with the fact that both recent deals have been positive to our Group’s P&L and accretive... opportunity,” he said, adding, “We believe that Greece will become one of our top markets.” Ernst & Young... basis points. Piraeus Bank’s first quarter (Q1) results showed that the pre-write off NPE stock fell
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As East Med tension remains, Athens also keeps eye on Turkish actions in Aegean
Foreign PolicyGreek PoliticsTurkey’s actions, particularly its gas drilling off Cyprus’ east coast, are featuring prominently... to drill off Kastellorizo. Addressing lawmakers of Turkey’s ruling Justice and Development Party (AKP... accompli in the Eastern Mediterranean which will be very difficult for Athens and Nicosia
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Athens waits for EU action on Turkey and Greece's Balkan neighbours
PoliticsForeign Policyofficials. Turkey’s offensive in north-eastern Syria was one of the issues discussed during Monday... continues to consider sanctions over military operations in Syria and hydrocarbon drilling off Cyprus. He... to send an oil-and-gas drilling ship to waters off southern Cyprus where Greek Cypriot authorities
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Newsletter 372 - 03/03/2023
to 2018, there were 137 deaths and 97 serious injuries in railway incidents in Greece. It is very.... It is a burden that the opposition party has still not shaken off almost five years later. Opposition leader... it left off in 2022, when Greece nearly reached the travel receipts of 2019. Wood also revised its
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Newsletter 406 - 15/12/2023
had the political will to pursue the causes of hooliganism all the way to the very top of organised... in public opinion. Finance Minister Kostis Hatzidakis brushed off the criticism from the opposition... and SYRIZA, the left-wing party’s recently elected leader Stefanos Kasselakis also comes off worse than
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Another euro stitch unpicked
Agora, the decision to pull funding has to be a political one, so even in the extreme case where... is gambling that the Eurozone, and more particularly Germany, will not dare to push him off the cliff... provision to the Greek banks. The ECB is flexing its muscles, letting everyone know that are very
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IMF adds to calls for no further delays to e-auctions
EconomyProgramme, with the issue gradually becoming one of the defining aspects of the third review. “The full implementation... their very high level of nonperforming loans. They need to reduce nonperforming loans so that they can... made moves this week to convince notaries to call off their strike, which threatens to derail plans
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Tsipras reveals how excess surplus will be shared out, eyes political relief
PoliticsGreek Politicsscheme. Nobody earning more than 18,000 euros a year will receive any assistance, while the one-off... have highlighted very much over the past few days the plight of the middle class and the level... about high taxation,” he said. “The middle class, self-employed or pensioners did not crate off shore
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