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Coalition agrees policy framework: Purpose unclear, impact doubtful
PoliticsGreek PoliticsVenizelos has mentioned many times over the last couple of years without going into any great detail... this document was needed. There are two main reasons for its existence. The first has to do with domestic.... The second reason the policy framework has been approved now is that it is a show of unity to Greece’s
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ECB tests find negligible capital shortfalls at Greek banks
Economyrespectively. However, in its 178-page aggregate report on the QA, the ECB stressed that NBG has no shortfall and Eurobank has practically no shortfall. This seems an indirection of the country report... the static and dynamic models, showed: Alpha Bank The bank has zero capital shortfall in both
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Troika document reveals thorny issues, coalition's commitments to conclude review
EconomyProgrammeof GDP in 2014 and 2015 respectively. Greece has proposed a number of measures such as increasing the VAT.... On the privatization front, Greece has committed to finalise the concession agreement for two ports (most likely... Republic Asset Development Fund (HRADF) for sale. That stake has a current market value of 450 million
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Tsipras begins effort to avoid SYRIZA division over deal with creditors
PoliticsGreek Politicsthe privatisations where the tender process has already been launched. At the same time, though... lenders begins over the next few weeks, more flashpoints could arise. So far the government has made... the government’s handling of the situation still has strong support.
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammehas ruled unconstitutional the pension cuts imposed in twice in 2012 with the overall impact... applications for pension for which the process has been delayed for technical, bureaucratic or other... in 2013, KEAO has collected SSCs of almost 1 billion.
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Debt talks to be prime focus after Easter
PoliticsGreek Politicsto approve the fiscal measures and reforms it has agreed with the institutions in Parliament before..., after a staff-level agreement has been reached between Greece and the lenders and Greek MPs have... to the politically painful measures that his government has to approve, such as 2 percent of GDP in fiscal
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Blame game follows collapse of Cyprus reunification talks
PoliticsForeign Policyhas taken place so far. Anastasiades criticism President Nicos Anastasiades has come under criticism... not put his name to this position, even when Guterres has asked him to do so, Greek sources said...-General's proposal for a binding written record of the potential compromises, it was forced
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Moscovici upbeat in Athens, highlights elements needed for programme exit
EconomyProgrammeon this theme, Moscovici also said that he is confident that the fourth review, which has yet to get underway... for a growth plan drawn up “by the Greeks for the Greeks.” The coalition has committed to presenting... decree for the redevelopment of the Hellenikon site has been approved, the completion of the tender
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingChief Executive Officer said “Our effort to decrease the NPE stock has been intensified and we... with headquarters in Prague and professionals in 14 countries. Founded in 2004, the company has acquired 81..., and has over 7.5 billion euros of claims under management. This is the second sale of a bad loan
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingthat it currently has around 5,100 properties under its repossessed real estate portfolio as of Q3, valued... euros in September 2019. Emergency Liquidity Assistance (ELA) funding has been fully eliminated, with the total now representing only ECB liquidity. YoY, Eurosystem funding has fallen by 9.8 billion
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