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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgramme. Eurogroup president Mario Centeno confirmed on Friday that all 110 prior actions of the third review... for the institutions and the Greek government to look ahead. The public comments from all camps over the weekend..., which began in Athens last week. The first visit by the institutions was aimed at identifying all
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking. In the Greek market in particular, negative NPE formation was noted in all four of the main sectors..., which was ahead of the initial reduction target by roughly 700 million. For all of 2017, NPE..., increasing by 150 bps. Fokion Karavias, CEO of Eurobank, noted that the bank had met all its strategic
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Newsletter 155 -16/03/2018
no time to waste in completing the 88 prior actions of the fourth review, or at least almost all... will be disbursed in the second half of March, all the attention is now on completing the 88 prior actions... to be released later this month, all attention is now on 88 prior actions which need to be completed
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New centre-left party keeps political options open at inaugural congress
PoliticsGreek PoliticsGreeks, all of which has fuelled speculation about future political developments in Greece. Movement... (@kinimallagis) March 17, 2018 All eyes, though, were on the prevailing mood among officials regarding... that not all the frontline personnel are on the same page as her when it comes to charting a course
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdown by sector, NPE formation fell into negative territory in Greece for all sectors except mortgages... declines in all areas. The biggest decline came from retail (-258 million euros), followed by mortgages... P. Mantzounis said that the results for the year indicated improvements in all areas. He noted
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammethe discussions in Washington, IMF officials suggested that the restructuring measures should apply to all... Houliarakis in Washington. The Greek side wants to avoid this eventuality at all costs as 2019 may... the deliberations in the US capital was that all sides are focussed on concluding matters in time for Greece
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PM tries to halt election speculation as poll gap widens
PoliticsGreek Politicspercent of voters think SYRIZA is best-placed out of all the parties to manage Greek-Turkish relations..., the most popular answer in all cases where respondents are asked to identify the party which can best... party continues to lead in all the polls, questions persist about whether it is generating enough
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Is the cost of Greece's public sector soaring again?
EconomyFeatures, it is still all too easy to establish or bring under the umbrella of the state a whole variety of structures... current politically-appointed incumbents. Is there any merit to these accusations? First of all... and cronyism are out of proportion with reality and others are blatantly false, not all developments
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New increase in flow of refugees to Greece causes unease
Society, equivalent to half the estimated arrivals across all of 2017. The only reception centre in the area... synonymous with the refugee crisis, the tourism industries there have all but collapsed, leading.... However, several countries who had pledged to take in refugees had yet to take any at all
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesto 44.8 percent of all employment. Travel receipts generated in 2017 covered around 80 percent... percent of Greece’s exports of all other goods excluding oil and ships, or just under 20 billion euros... percent of all arrivals were concentrated. The report did point out, however, that summer
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