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Mitsotakis sets off barrage of legislation to shake off introspection
PoliticsGreek PoliticsWith the opposition in disarray, Prime Minister Kyriakos Mitsotakis has fired off another round of reforms, hoping to regain forward momentum and put the internal scuffles in his own party behind him. The slow unravelling of main opposition party SYRIZA and the leadership contest consuming third
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PM's latest reshuffle off to bumpy start with first day resignation
PoliticsGreek Politicsofficials satisfied as possible. Furthermore, the number of women in his cabinet fell from 15 to 12
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Key debt relief talks fail to result in deal, leaving IMF role in doubt
EconomyProgrammehas said that if it is not satisfied with the debt relief on offer, it will not participate... margin related to the debt buy-back tranche from the end of 2012, the transfer of ANFA and SMP... programme’s financial envelope to buy out the loans that IMF has made to Greece. The key areas
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Coalition sees key targets met in debt deal but opposition has holes to pick
PoliticsGreek PoliticsThe Greek government appeared satisfied with the debt relief package secured at Thursday’s... by the European Stability Mechanism, of which 3.3 billion euros will be used to buy back debt held by other... of 24.1 billion euros that will cover its funding needs for almost two years. Once the debt buy-back
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingEurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros... negative one-off items, which shank to 18 million in Q1 from 575 million in Q4. The bank consolidated..., which fell 13 percent to 267 million and reflect cost savings related to the implementation
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingrespectively. Core pre-provision income (PPI) - excluding trading income and one-off expenses – rose by 5.7 percent quarter on quarter (QoQ) to 282 million in the third quarter (Q3) from 267 million... reflecting a one-off cost of 195 million related to the voluntary separation scheme (VSS). The bank
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Greek fiscal deficits and debt since 2000
Agoraand the total. Greece ran a cumulative deficit of €267 billion over the period 2000-2020. The biggest... it off) in different debt restructuring operations and allowed Greece to swap sovereign obligations... write-off in history to date. Further, Greece was allowed to pay less interest than it would have
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Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
Featuresbillion euros and 2.26 billion euros, respectively. This represents an annual rise of 46 percent... for Economic and Industrial Research (IOBE) estimated in 2012 that every euro generated directly by tourism
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Gennimata aims to secure centre-left leadership in run-off vote
PoliticsGreek PoliticsThe run-off vote for the centre-left leadership is due to take place on Sunday, with PASOK... Democracy’s run-off vote) but both camps are hoping that the drop will not be too dramatic. There were... and the run-off vote should be called off so that the PASOK leader could build on the positive
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Newsletter 140 -17/11/2017
on Thursday but the ballot was called off due to a day of mourning being declared after Plans... that will lead to them calling off their strike and allowing electronic auctions to begin... to 39.27 billion euros, missing their target by 2.26 billion.The budget balance in the first 10 months
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