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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingsecuritisations by a Greek bank. The portfolio, code-named Galaxy, contains non-perfoming loans (NPLs... of whom have already shown an interest in the Greek NPL market and could participate... of Greece noted in their Q3 results that the Hercules scheme was a positive development for Greek
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New president receives strong endorsement, hints at areas of interest
PoliticsGreek Politicsher 261 out of 300 votes. The other three parties, the Communist Party, Greek Solution and MeRA25... as priorities the need to instill a feeling of “calm, security and trust” among Greek citizens..., as Greek presidents generally do because their position is mostly ceremonial, it seems likely that she
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicsmore fiscal space will top the agenda as far as the Greek government is concerned. Speaking... and Finance Minister Christos Staikouras during his visit and will hear from them the Greek arguments... sustainability, he argued. Primary residences While the Greek side will want to focus on fiscal issues
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Sharp rise in M&A activities as 2019 proves record year
EconomyFeatures4.3 billion euros. In total, Greek companies attracted around 12 billion in 2019. Apart from M&A... and 1.5 billion to loan transactions by Greek banks. Of the 85 deals, 64 were M&A transactions, 17 were... over 5 billion euros for the whole year. A total of 12 bond loan issuances by Greek companies took
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Poll suggests broad support for border closure, continued concern about islands
PoliticsGreek PoliticsThe first major opinion poll published since the closure of Greek-Turkish border crossings appears... on the right wing of the political spectrum. It is a reminder that if the situation on the Greek-Turkish border... movement was a gain of one point for ultra-nationalist Greek Solution, from 4.5 to 5.5 pct.
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Greece puts crisis management strategy in place as it braces for virus
PoliticsGreek Politicsthat Greek authorities have also ordered 5 million surgical masks from abroad. Meanwhile, the Health... home. This raises questions about how many Greek companies can deploy teleworking solutions for their employees. The poll also suggests that a sizeable part of the Greek population is not willing
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicsthe liquidity available to Greek companies. The firms that claim the money back will have to repay... for the Covid-19 crisis, suggested that Greek authorities are starting to think about how and when... is focussed on preventing any mass violation of restrictions around Greek Orthodox Easter on April 19
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Despite satisfaction with Covid-19 numbers, govt not eyeing let-up in restrictions
PoliticsGreek PoliticsAs Greek Orthodox Easter approaches, the government is trying to dampen speculation about when... of the measures before April 27, meaning they will be in place for Greek Easter, which is on April... to combat any complacency ahead of Greek Easter. Snap elections The government also sought to dampen
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economyabandoned. It is becoming increasingly apparent that key pillars of the Greek economy will suffer... will dry out, affecting the shipping industry, and SMEs, which have a significant influence in the Greek... is the issuing of new debt while Greek borrowing costs are supported by ECB purchases as part of its
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyand investment houses that see the pandemic having a severe effect on the Greek economy, extracting.... Specifically, for the last quarter of this year the IMF sees Greek GDP dropping by 11.4 pct. Greece... to support the tourism industry, which is a key pillar of the Greek economy. The collapse of economic output
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