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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammehas committed to paying off all its debts to suppliers and making all tax refunds by the end... interest than European lending and stand at around 11 billion euros. This option now appears to be off
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The race to reduce Greece's bad loans
EconomyBankingdown bad loans in the first quarter of the year. Excluding off-balance sheet items, the non... (Q1) results showed that the pre-write off NPE stock fell by 304 million euros, bringing it to 32.2
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates... percentage points per year to level off at 2.2 percent by 2025. Market access assumptions were also revised
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Loss of MP upsets coalition plans to build on positive momentum
PoliticsGreek PoliticsPrime Minister Alexis Tsipras had been hoping to build on the positive momentum of the recent Eurogroup agreement this week but instead his government is trying to fend off speculation about whether... to kill off any rumours concerning him by issuing a statement in which he insisted that he would
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingbasis points. Piraeus Bank’s first quarter (Q1) results showed that the pre-write off NPE stock fell... their targets for bringing down bad loans in the first quarter of the year. Excluding off-balance sheet
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Newsletter 170 -13/07/2018
on Thursday, when it was revealed that eurozone finance ministers had not been able to sign off... in the ensuing months. QE inclusion off the table for now Enhanced surveillance for post-programme
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SYRIZA working on package of expansionary measures to provide political boost
PoliticsGreek Politicsfrom 2019 and the tax cuts would not be one-off measures. "We have a constant ability to have... is key to Tsipras's election planning. If the intervention is put off or counter-balanced
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Newsletter 171 -20/07/2018
is key to Tsipras's election planning. If the intervention is put off or counter-balanced... is that the minimum the government will agree with the creditors is for the cuts to be put off for six
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsthat there will only be a possibility of calling off the fiscal measure if the unified social... to be countered by one-off benefits from the fiscal overperformance so that retirees do not feel
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Mitsotakis steps up pressure on coalition over wildfire deaths
PoliticsGreek PoliticsSYRIZA appointees). The government has so far fended off calls for ministers or public officials...-key, non-confrontational approach taken by Mitsotakis paying off in the next opinion polls
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