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NBG results show net profits of 465 mln euros on strong income
EconomyBankingthe previous quarter. Paul Mylonas Chief Executive Officer of NBG said that the bank was continuing to support its clients through the pandemic through targeted payment moratoria measures and government support schemes. In addition, the bank was continuing to move forward with its transformation plans
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High number of Covid-19 cases puts strain on government
PoliticsGreek Politicsacross party lines and one on which ND could risk losing support if it does not receive strong backing... in the coming days to support businesses and households that have been affected by the economic downturn... an absence of the surefootedness that ND prides itself on in previous months and is trying to chip
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Greece to press for EU sanctions roadmap on Turkey as domestic pressure builds
PoliticsGreek Politicscontinental shelf days later. This, combined with President Erdogan’s support for the re-opening of Varosha... isolating Turkey on the diplomatic scene by ensuring the support of the EU and the US, while building... to persuade the EU to announce sanctions at the previous summit has already been described in hard
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Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
PoliticsGreek Politicsthe blow from the lockdown. From this package, 1.25 billion covers the measures earmarked to support.... Staikouras said that the total fiscal support offered since the start of the pandemic now amounts... previous policy, half of the 1.7 billion euros for businesses will be in the form of grants, which do
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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyThe stock of gg guarantees fell by 27 million compared to the previous month and came to 15.4 billion. Bank support was unchanged month-on-month at 320 million. Gg entities went down by 5 million month-on-month, while non-gg entities fell by 12 million. With bank support guarantees at 320 million
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgramme. The economic collapse and the large package of support measures that the authorities had to adopt to support the economy will lead to a large fiscal deficit this year with the primary balance seen... measures. As with the previous two reviews that took place during the pandemic, the authorities
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Greece - On the importance of productivity growth
Agora, on average. Table 1 presents key statistics to support our bearings. The population data come from... budgetary support to help bridge the COVID-19 challenge is no longer necessary, Greece should return... of the previous decade suggests that this time the downturn will be much shorter lived. This interlinkage has
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Athens draws up Turkey strategy after EU Council, Biden input
PoliticsForeign Policythe problems in the Eastern Mediterranean, the S-400 issue as well as their support towards the continuation... the other’s intentions. Athens feels confident that the US has made its support for Greece’s positions clear... believe that the reduced American role under the previous administration gave space to Turkey to adopt
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PM banks on firms bouncing back after lockdown as SYRIZA decries immunity for Covid panel
PoliticsGreek Politicsin a row. The industry has been offered a 300-million-euro support scheme to help the reopening... that the gradual erosion of its support and growing disenchantment among some voters is just... pledge, reversing some of the previous government’s tax hikes. This was interpreted by some commentators
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Newsletter 297 - 21/05/2021
as policies to support universal broadband access, and the introduction of a basic “social salary... in repos, while T-bills increased 399 million euros. Financial Support Mechanism loans decreased... (QoQ) in the first quarter (Q1) of 2021, from 374 billion euros in the previous quarter, the Finance
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