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Greek banks in intensive care: What lies ahead?
AgoraAmong the measures the Greek government has committed to legislate by July 22, according.... This means that equity has to absorb losses in full. After shares, losses are evenly imposed... haircut has to be applied on the current level of uninsured deposits. According to bank sources
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Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek PoliticsKonstantopoulou, who gave a fiery speech against austerity policies. Varoufakis has already been replaced... a plan to return to the drachma but Tsipras has now put pressure on the Left Platform to come out... not believe the threat of a Grexit will be put to bed until the third bailout has been agreed. Thursday
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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyhas proposed to be disbursed by that date. Draghi said that the GGB repayment will provide some room..., which is above the eligibility threshold. However, he stressed that the other key QE condition has... over the last three weeks but it is too early to argue that the liquidity issue has been resolved.
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Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingmarkets. Alpha management has indirectly indicated in the past that Bulgaria was not among its core... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... were also indicated in banks’ medium-term restructuring plans. Alpha has also presence in Cyprus
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek PoliticsSkourletis. Skourletis has been moved across to the Energy Ministry, ousting Panagiotis Lafazanis.... Tsipras has repeatedly stated that his priority is to seal an agreement for the third bailout as he believes the imminent threat of a Grexit will not go away until that has been achieved. This means he
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New Greek statistical mapping application launched
Societyof the population, 1991 and 2011 Now, thanks to an internet-based application that has been developed... in Patras has the highest percentage (6.06) of PhD holders in the country, followed by the community..., not one person in the Epirot village of Anavryto – which consists entirely of pensioners – has
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeIn contrast to SYRIZA’s pre-election pledges, the government has committed to proceed... billion for investments. The Finance Ministry has recently stated that the new fund would create... million euros. According to the latest list of prior actions sent on July 10, the government has
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These are the bailout deliverables expected from Greece in September
EconomyProgramme” the letter noted. The key deliverables that Greece has pledged in the context of the third Memorandum... as of September 1 has been signed on August 25. 9) Extend the 2015 claw back ceilings for diagnostics.... 20) Ensure that the Hellenic Statistical Authority (ELSTAT) has access to administrative data
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Tsipras softens stance on coalition options as leaders head to debate
PoliticsGreek PoliticsGreeks in government are disappearing, Alexis Tsipras has started to soften his position... of coalition government after September 20. New Democracy’s Evangelos Meimarakis has decided from the outset... messages and that Meimarakis has beaten him to this particular political ground. Voters will get
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Looking in on the Greek elections from the outside
AgoraTsipras has a major political challenge to overcome, both domestically and vis-à-vis his European... lacks the credentials as a moderate reformer. But he has also been discredited as the presumed leader... during campaign appearances has caught the attention of European observers. He may appear to be a safer
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