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Coalition majority trimmed further after unexpected loss of ANEL MP
PoliticsGreek Politicsthe democratic legitimacy to sign the deal. The two departures mean that the coalition now has 152... Prime Minister Alexis Tsipras’s trip to London, where he has been meeting with businessmen.... Kammenos has added to the negative sentiment by making various claims, including the suggestion on Tuesday
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingChief Executive Officer said “Our effort to decrease the NPE stock has been intensified and we... with headquarters in Prague and professionals in 14 countries. Founded in 2004, the company has acquired 81..., and has over 7.5 billion euros of claims under management. This is the second sale of a bad loan
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Improving trends in property market highlighted by central bank
EconomyBankingcommercial property even reported a small price rise. Overseas investment in Greek property has picked up... and 2.2 percent, respectively. An uptick in commercial property investment portfolios has also been... market in Greece for short-term rental properties. This new dynamic has led to an increase in real
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Blueprint for election battle laid out in Parliament debate
PoliticsGreek Politicstargets the government has agreed with the lenders and the ones that the New Democracy led coalition... indicated that he has information that a member of Tsipras’s family has received favourable
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Diplomatic expulsions come amid worsening Greece-Russia relations
PoliticsForeign Policythe government has shown towards Moscow, including its position during the Skripal affair, when it did... the country’s position in the “western security framework.” On the contrary, the coalition has pursued improve relations with Washington and US Ambassador Geoffrey Pyatt has admitted many times
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New Democracy fires back at Tsipras over corruption allegations
PoliticsGreek Politicsis the same as in June although support for both parties has increase by one point since then. New... not necessarily mean that they are in favour of the settlement that has been reached... of the next elections remains the possibility SYRIZA has to win back voters that have been lost since 2015
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Retail index jumps 5.3 pct in May led by fuel and supermarket sale
EconomyMacroeconomyindex has remained positive for four out of the first five months of the year with February the only... compared to the growth of 1.3 percent in April. As with the sales index, February has been the only... in July versus -52.4 points in June. Year-on-year, consumer confidence has improved by 11.6 points
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Coalition pledges to demolish illegal buildings following Mati fire
PoliticsGreek Politicsin the next few weeks, he said. Despite demolition verdicts being issued in the past, it has been... the flattening of these buildings is also motivated by the fact it has linked the illegal construction... construction that has marred much of Attica also means that the government can deflect questions about its
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Banks try to build on growing confidence
EconomyBankingat 16.31 billion. Since the start of the year, Eurosystem funding has fallen by approximately 17.37... basis in the first six months of the year. Piraeus Bank has become the second Greek bank..., are expected to bring their ELA funding down to zero this autumn. The reduction in ELA has been
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeatures, with Italy alone receiving 12 percent. Demand for Greek exports in Italy has risen by 57 percent.... In the last eight years, German demand for Greek imports has risen by 15 percent. Meanwhile... of low pricing has allowed these products to gain a firm foothold in the global market and offset
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