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Deadly wildfires likely to heap pressure on Tsipras and ministers
PoliticsGreek PoliticsDevastating wildfires around Athens are thought to have claimed the lives of more than 50 people... in more than a decade. Not since fires caused havoc in parts of the Peloponnese in 2007, when almost... similar questions last summer, when a vast fire burned for more than three days northeast of Athens
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomywas reduced by 3.8 billion euros quarter-on-quarter (QoQ) to 88.6 billion, 1.6 billion lower than the target of 90.2 billion. The NPE ratio stood at 47.6 percent in Q2, slightly higher than the anticipated.... During the quarter, corporate NPLs came to 32.4 billion euros, roughly 600 million lower than the target
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Newsletter 174 -14/09/2018
to spread out the compensatory measures it agreed with the lenders over four years, rather than implement... that the mission chiefs accepted the argument put forward in fiscal terms, although this is no guarantee... of measures and to talks about larger numbers (3.5 billion euros in fiscal space, for instance) than if he
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Newsletter 185 -30/11/2018
next year. According to the government, those owning property with a value of less than 60,000... it will drop to less than 10 percent for properties worth 100,000 to 150,000 euros. Overall, almost 6... rather than being carried out in one go. The other measure announced was this year’s “social dividend
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Short-term rentals raise rents by average of 8.3 pct, study indicates
EconomyFeaturesthan that for the long-term properties. Elsewhere in Greece, a similar pattern was noted. The city... of government revenue came to 34.82 million euros in 2018. This is lower than the figure for 2017 which came... estimated that the waste produced by an average short-term rental is 20.3 percent higher than
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SYRIZA set to name more MEP candidates, hoping for better results
PoliticsGreek Politicscandidates that the leftist party will put forward. Party officials will be hoping for greater success than with the previous collection of hopefuls, who were overshadowed by the controversy surrounding... than five years after she had died. Within hours, it was announced that Loizou was stepping down
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Main residence draft law shows signs of compromise in several areas
EconomyProgrammefelt that the terms put forward by the government were too generous and would have a damaging effect... for protections and the residual mortgage. So, properties will have to be worth less than 250,000 euros, while..., which will be at 175,000 euros rather than the 250,000-euro threshold the government had first
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economy, or if growth is significantly weaker than expected, which would restrict Greece's fiscal... that is held by the private sector is less than 20 percent of total Greek debt, or less than 40 percent... lower than the average cost of refinancing for the majority of sovereigns in the 'B' category
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Newsletter 204 -03/05/2019
Democracy aims to put the government on the spot, forcing Tsipras to either support it or reject... resign rather than lower the threshold. Neither party wants to be seen supporting the intervention... or 12 percent. Tax refunds rose to 962 million euros in the aggregate period, higher than their target
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomy. As banks put sales rather than write-offs at the forefront of their NPL reduction strategy, real estate... for more than half of long term restructurings in 2019–2021. The total sum involved is estimated at 1.4... for protections and the residual mortgage. So, properties will have to be worth less than 250,000 euros, while
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