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Newsletter 198 -15/03/2019
until April 5 would not be as damaging as Greek officials felt it would be just a few months earlier... in Bucharest on April 5 can give the green light for the disbursement, which is then expected to prompt Athens...” for an agreement to be reached on all the outstanding items of the second review by April 5. PDMA releases
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Government move over primary residences raises questions
PoliticsGreek Politicslead to the April 5 Eurogroup not giving the green light for almost 1 billion euros in debt relief... Eurogroup on 5 April," he said. In Athens, government officials insisted that Greece is not acting... on with the job of legislating the new framework ahead of the April 5 Eurogroup. As with the discussion
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No breakthrough in discussions over protection for main homes
EconomyProgrammeon April 5 regarding the disbursement of the 970 million euros in debt relief measures... suggest that Athens is still hopeful that an agreement can be reached ahead of the April 5 meeting... for the April 5 Eurogroup and the possibility of the issue, along with the disbursement of the 970
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammelenders ahead of the April 5 Eurogroup. The government amended the draft legislation so... over ahead of the April 5 Eurogroup, when eurozone finance ministers will decide whether the second... for a deal to be reached before April 5 but confirmation that Greece has met its pledges will have
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Newsletter 219 -13/09/2019
will be brought down from 10 to 5 percent. VAT on the construction of new buildings will be suspended... percentage point by the end of 2020 and by 5 points by the end of 2023. In the coming years, the trade tax... to the corporate tax rate will cost 600 million euros. Bringing dividends tax down from 10 to 5 percent
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingwith a goal for it to be concluded by July 2020. The bank will retain 100 percent of the senior notes and 5... a securitisation of 5 billion euros in gross loans and consists of commercial and residential NPEs... strategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank
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Golden Dawn sentencing excites political controversy
PoliticsGreek Politicsorganisation face jail terms of 5 to 15 years, while those convicted of membership can be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended if the court
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingestimate that the pandemic will leave a legacy of around 5 billion euros in new bad loans. This is after... that bad loans would reach 10 billion due to the pandemic were revised down to 5 billion... euros of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior
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Common ground absent after latest round of Cyprus discussions
PoliticsForeign Policyof the island's 1960 independence, plus the UN. The new 5+1 meeting ended with no result and with the two... of the summer to hold another informal 5+1 meeting. Many already believe that a “make or break” conclusion..., and any solution should clarify issues related to autonomy in the decision-making process. The 5+1
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Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
EconomyMacroeconomyExpectations Indicator (EEI) came to 110.9, rising by 5 points, after dropping by 3.4 points in April... points to -22.2, from nearly 5 points rise in April. Consumer confidence is now 7.8 points higher..., staying positive at 5 points. Finally, the construction confidence dropped in May by 7.2 points
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