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Paris attacks likely to place extra pressure on Greece over refugee crisis
PoliticsForeign Policyof fingerprint scanners that enter arrivals’ details on the EU’s Eurodac database, resources are still relatively... the Former Yugoslav Republic of Macedonia’s (FYROM) Security Council ordered the army to begin... on Greek territory. In this respect, Prime Minister Alexis Tsipras’s visit to Turkey on November 18
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeon the government’s proposal to cover a total of around 58-60 percent of indebted households so... but the idea of using the homeowner’s total debt seems to be off the table. On the management of NPLs..., Fitch affirmed Greece’s rating at ‘CCC’ highlighting that the risks to the programme remain high
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammeAfter discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid... was not settled at Monday’s meetings and has been postponed for December. The two sides were unable to agree... recapitalisation. A positive outcome from Tuesday’s EWG is likely to have a positive impact on the ongoing
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Greek stocks edge up in week of big losses for banks
Economysessions. As a result, the banking index plummeted 38.5 percent this week, bringing this month’s losses... of 52.4 percent on Wednesday’s close. Alpha issued a similar statement on Thursday morning covering... discount on the previous day’s close. NBG announced on Thursday evening it raised 475 million from
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New tax arrears rise by 832 mln in Oct to total of 10.38 bln in 2015
EconomyThe rise in Greece’s new unpaid taxes slowed to 832 million euros in October from an upward revised... for September. Following October’s performance and the notable revision in August, new tax arrears reached... last year’s respective item. The average monthly increase during 2015 stands at 1.04 billion euros
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Banks reveal new capital structures, ex-bondholders sell shareholdings
Economysimilar pattern is evident in Eurobank’s shareholders’ structure. The HFSF now controls just 2.38 percent of the bank’s share capital from 35.41 percent before. The number of shares is unchanged... the bookbuilding, LME and bail-in is expected to commence trading on December 14. Piraeus HFSF’s
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomytoday’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August.... However, on the Greece’s QE eligibility he stressed that it is a more complicated issue that depends... of Commerce, BoG deputy governor Ioannis Mourmouras said that Greece’s QE eligibility after the conclusion
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Greece faces tight deadline for second set of milestones, first review looms
EconomyProgrammethe pension and tax reforms, including those for farmers, as well as Greece’s medium-term fiscal... for Greek securities as well as for Greece’s QE eligibility. During the ECB press conference.... However, he stressed that Greece’s QE eligibility it is a more complicated issue that depends
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BoG report highlights need for programme implementation, political consensus
EconomyParliament to pass and the government to implement the legislation linked to Greece’s third bailout so... Greece’s investment to GDP ratio and the euro area average 8) Maximising the value of state real estate... to implementing the agreement and participating investors’ confidence on Greece’s prospects. Asset
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Tsipras seeks MPs' loyalty before next vote, leaves door open on future alliances
PoliticsGreek Politicsnot take the opportunity to convincingly shut the door in speculation about his government’s future. Also.... Tsipras’s strategy appears to be to tie down his MPs ahead of the vote on the 13 prior actions, which... of this week but the Greek government has suggested will happen by December 20 at the latest. In Monday’s
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