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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgrammeThe first visit of the quadriga mission chiefs to Athens after the signing of the third bailout... forecasts, with the quadriga aligning its estimates with the Greek government’s, which points to a milder...), particularly the tougher criteria that the quadriga requests to be imposed for the protection
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingPiraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which... state on its board of its directors is no longer required. Under the first pillar of the programme, capital support was provided to Greek banks in the form of preferred shares, while the second pillar
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Helped by trading gains, Eurobank posts 305 mln in Q1 profits
EconomyBankingEurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions
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ND defends plans for three-pillar pension system as SYRIZA looks for weak spot
PoliticsGreek Politicstried to challenge New Democracy over its plans for a three-pillar scheme. Labour Minister Efi... to clarify whether it still intends to implement a three-pillar system, including a private element... and 2045. Petsas reminded voters that New Democracy’s plan is for the first pillar to be public
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammedepartures in 2018. Summing up, from the third pillar of measures yielding 1 percent of GDP by 2018, 0.25... previous level of 9,545 euros. The Finance Minister Euclid Tsakalotos had stressed upon the tabling... and small businesses to 29 percent. The previous tax rate was 26 percent for income up to 50,000 euros
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... to reduced reliance on Emergency Liquidity Assistance (ELA) funding and lower pillar II bonds... billion in May, while the nominal value of the currently held pillar II bonds stands at 300 million
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Newsletter 52 - 20/11/2015
by the quadriga. The third memorandum of understanding signed in mid-August called for pension savings of 0.25... be financed. Following a meeting with the quadriga mission chiefs on Thursday evening, Labour Minister George... is that while its officials run from pillar to post to deal with the continuing influx of people, the country
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Newsletter 305 - 16/07/2021
October are thought to have exacerbated the second Covid wave in Greece. Wednesday saw the first mass... that was hit hard by the previous financial crisis. April’s figures showed that on a rolling 12-month basis
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agoraon lower government guarantees’ expenses (related to pillar II bonds) coupled with increased usage of cards... the previous quarter. In addition, loan deleveraging continued in Q4, while deposits improved. However, all... in Q4, which climbed to -1 billion euros in Q4 from -90 to -100 million in the previous two quarters
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