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Rental subsidy rekindles political debate over housing crisis
PoliticsGreek Politicsincome criteria are set to receive a refund of up to 800 euros annually each November, equivalent to one... that its previous subsidy schemes, My Home 1 & 2, failed. He also criticised the PM for failing... authority are elected. Under the government’s latest proposal, as set out in the newspaper, a threshold
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Government bets on big energy headlines while pledging discipline at the pump
PoliticsGreek Politicshas been focussing on its strategic vision for the sector, ratifying a set of agreements... deals Another high-profile energy initiative of the Mitsotakis administration is set to come into force this week, when Parliament votes to ratify a set of four hydrocarbon exploration
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Government embraces debtor compensation ruling as ELAS unveils frontline team
PoliticsGreek PoliticsParliament is set to vote on Wednesday on a government amendment implementing the recent Supreme.... The development highlights the central role that social issues such as housing are set to play... is notable for including 18 women, while the total number (50+1) broadly mirrors the average size of Greek
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Eurobank: From nationalisation to re-privatisation
Agorathat transaction no single shareholder controlled more than 5 percent of Eurobank shares. Most importantly... later, National Bank of Greece (NBG) announced on October 5, 2012 a voluntary share exchange offer..., the cash consideration stood at just 1 euro (similar to Emporiki’s acquisition by Alpha), while
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyto date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted... to corporate loans above 1 million euros, where the rate nosedived by 107 bps after a similar hike in April... percent and the rate of loans to sole proprietors also dropped by 5 bps to 9.07 percent Although
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Significant rises for Greek economic sentiment, consumer confidence in October
EconomyMacroeconomyimproved by almost 5 points to -50.9 in October, from -55.8 in September. The headline figure also..., extending its cumulative gains to 20 points in the 9-month period. Industry confidence rose by almost 5... moderate rise by 1 point to 15.8 in October. The YtD gains stand at almost 21 points.
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Greek retail turnover index down 1.6 pct in November
EconomyMacroeconomyand household equipment, which declined by 5 percent each. In contrast, turnover in retail sale... equipment (-5 percent). On the flipside, turnover in books, stationery and other goods increased... to -49.3 in January. However, retail trade indicator fell by 5.7 points to -1, its lowest level since
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgrammeredemptions of 6.7 billion, IMF payments of 5 billion and interest payments of 4.2 billion. On top.... Even if both requests are approved, there is still a gap of more than 5 billion by August that has... if revenues continue to fall short of their target. In January, public revenues were almost 1 billion euros
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingby 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from.... On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop... III Common Equity Tier 1 (CET1) ratio eased to 12.1 percent in Q1 from 13.6 percent in Q4, mainly
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Bank of Greece warns of dangers in failure to reach deal with lenders
EconomyMacroeconomy-oriented model include: 1) Continuation of structural reforms to products and services that would... of a stable fiscal framework and a business-friendly environment. 5) Fiscal discipline and achievement..., of which the bulk (80 percent) relates to corporates. In addition, withdrawals of circa 5 billion euros
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