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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingthat took place in 2015, Piraeus Bank had issued 2 billion euros of convertible bonds (CoCos) that pay... Central Bank regulations as part of the pandemic-related framework, banks are not allowed to pay out... on the ability or not of Piraeus Bank to pay the CoCos coupon. The bank has set aside 165 million
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Government determined to push through hospital reforms in pre-election legislative sprint
PoliticsGreek Politicswith an average 10 pct pay increase for hospital doctors. The reaction from doctors’ representatives has... to compensate for inadequate pay. Protesting doctors occupied the Health Ministry on Tuesday demanding... hospital doctors by offering better pay and more attractive terms. The Panhellenic Doctors’ association
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PM announces more voter-friendly measures ahead of polls
PoliticsGreek Politicsfor pensioners whose retirement pay did not increase this year due to the so-called “personal difference... with the 72- and 120-instalment schemes to pay off their dues to the state will be allowed to rejoin... by the energy crisis. If they pay an amount equal to two of the missing instalments, they will be allowed
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Where are the Conservatives?
Agorawant something, we must be willing to pay for it). In this world, I would advise against placing... constraints to be ignored as long as possible. If you can get somebody else to pay for your deficits and debt...? This accords with a refrain that the Greek public emits in surveys—"we don’t want to pay taxes
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New Parliament set for fractious opening session after Mitsotakis curtain-raiser
PoliticsGreek Politicsthat his government intends to pay off the remaining crisis-era loans two years early, with a view... is expected to focus on are pay increases for civil servants and a rejigging of the public sector pay
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Government focusses on cost of living with economy bill, push for lower ferry prices
PoliticsGreek Politicsfor food and drink rose to 12.2 pct in June. The socialists point out, for example, that the pay... is considering a new approach that will separate debtors struggling to pay and those not willing to pay
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Parties at odds over private universities as ND faces nepotism accusations
PoliticsGreek Politicsalso objected to pay increases for cabinet members contained in the omnibus bill. PASOK spokesman Haris Koukoulopoulos said that increasing the pay of ministers who were not members of Parliament to equal 90 percent of the salary of high court judges amounted to a 46 percent pay hike. Opposition
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomythe economy to grow by 0.6 percent this year. After today’s flash estimate and revisions, this means... the estimates for a -0.4 percent drop. The first quarter was revised downwards to -1.1 percent from -0.9... the initial estimates of 19 million visitors in spite of the decline in visitors from Russia
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomyits jobless estimate for 2016 was kept broadly unchanged at 24.8 percent. Greece will remain...In its latest economic forecasts published on Monday, OECD revised downward its GDP estimates... previous estimates in early June, the OECD projected a growth of 0.1 and 2.3 percent respectively. The OECD
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S&P highlights risks for Greek banking sector
Economy2017. The rating agency reiterates its estimate for zero GDP growth in 2016 and strong rebound of 3... during the crisis weigh on Greek banks’ financial profiles. The rating agency estimates banks’ non... by the end of 2017. S&P estimates that credit losses will continue to exceed pre-provision income
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