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Welcome to the club: Greece Joins the 17+1 network
Agorain 2012, the 16+1 network organizes annual Central and Eastern Europe–China Summits. In practice... in the Western Balkans.[1] Apart from China, which stands for the number one, the political and economic... infrastructure over educational initiatives to industrial park construction. The first 16+1 summit was held
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking, approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce... for the sale of the portfolios which are collateralised against real estate with an on-book value of 1 billion euros. The four bidders were named as Apollo Global, Centerbridge, Fortress and Lone Star. Along
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking-provision profit (PPI) rose by 1 percent quarter-on-quarter (QoQ) to 209.9 million euros. In 9M, PPI... 95.5 percent a year ago. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 16.3 percent..., it was reported that bids had been submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank
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Athens wary as exploratory talks with Turkey approach
PoliticsForeign Policywishes and advice, may 2021 be the year of the three As for Turkey.” He added: “1. Abandon its threats.... Otherwise, we need to proceed with the logic of Europe as a fortress. This would not be pleasant
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingand project Terra of property sales valued at 1 billion euros, Alpha Bank has project Skyline... with a consortium of Fortress, Bain Capital and doValue at the end of July. Frontier does not include
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingof the transaction is seen at 1 percentage point as of June 2021 total capital ratio, from... the Frontier securitisation after entering talks with a consortium of Fortress, Bain Capital
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora(the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios... on the Maastricht deficit and debt Criteria. * * * Figure 1 below compares the baseline scenario... that was derived in preceding chapters of the Book.[1] The baseline scenario of the Book is well
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline
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CPI rises by 1 pct in June, staying positive for third month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent... July 2017 to June 2018 was 0.6 percent. Month-on-month, the CPI rose by 1 percent compared to May’s...) rose by 1 percent year-on-year in June. Month-on-month the HICP increased by 0.9 percent. The overall
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline... demographic transition is moving toward an elderly and smaller population. In Table 1, we provide a sample
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