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Bond issue decision expected as clock ticks down
PoliticsGreek Politicsthe International Monetary Fund’s executive board meets on Thursday, July 20. It is clear that Athens... Panos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels... Giannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingnegative formation of 116 million in corporate loans, -20 million in consumer loans, and -12 million... (ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG... Equity Tier 1 (CET1) ratio stood at 16.8 percent in Q3, while the fully-loaded Basel III CET1 ratio
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... politicians were bribed by the pharmaceutical giant. During a debate lasting more than 20 hours, New
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also... of about 20 billion euros that will cover its debt servicing needs until the end of 2019. He reportedly
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingto roughly 1.9 billion euros. Piraeus Bank expects to reduce the NPE balance to under 20 billions..., EFSF/ESM bonds were down to zero by the end of January 2018. Gross loans further contracted by 1... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammeservices, as well as other civil servants would receive before the end of the year around 1 billion... contributions for the self-employed from 20 percent to 13.3 percent (in line with salaried workers), a cap... rate dropping 1 percentage point from 13 percent to 12. There was no immediate negative reaction from
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European... eurozone peers when he attends the next Eurogroup on October 1, which coincides with the tabling
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Newsletter 178 -12/10/2018
substantially from a previous 1 percent to 2.5 percent. However, the Fund revise downward its GDP growth... under 20 percent. During the month, employment fell by 32,616 people month-on-month, or a fall of 0.8... Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent in August
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Backpay for civil servants gets "positive" measures rolling for government
Economyby a third, from 20 percent of income to 13.3 percent. According to Naftemporiki daily, the change will lead... of the reduction, which will start from January 1. Government spokesman Dimitris Tzanakopoulos indicated during... of the corporate tax rate. The latter is due to come down from 29 to 28 percent next year and then by 1
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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... reduced next year, around 500,000 pensioners would see their retirement pay increase by some 20 euros... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1
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