Category: FINANCE

Almost 4 million Greeks were at risk of poverty last year
FINANCE
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FINANCE
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Almost 4 million Greeks were at risk of poverty last year

makis - Jun 23, 2017

According to the ELSTAT, 35,6% of the Greece’s population or 3.789.300 people were at risk of poverty or social exclusion…

Sputnik: The International Monetary Fund (IMF) could give Greece the debt relief, according to IMF spokesperson Gerry Rice.
FINANCE
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FINANCE
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Sputnik: The International Monetary Fund (IMF) could give Greece the debt relief, according to IMF spokesperson Gerry Rice.

Panos - Jun 23, 2017

(Sputnik) — The International Monetary Fund (IMF) intends to approve in principle a new loan package for Greece because it…

Greek Dep. PM: ‘Trial run’ for market borrowing could come in 2017
FINANCE
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FINANCE
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Greek Dep. PM: ‘Trial run’ for market borrowing could come in 2017

Panos - Jun 23, 2017

Greek government deputy prime minister Yannis Dragasakis said a "trial" foray into the markets by Greece this year "could" take…

ECB lowers emergency funding cap for Greek banks to 43.6 bln euros
FINANCE
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FINANCE
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ECB lowers emergency funding cap for Greek banks to 43.6 bln euros

Panos - Jun 23, 2017

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank…

IOBE: Thessaloniki port authority privatization to benefit economy by up to 1.6 bln€ over 10 years
FINANCE
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FINANCE
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IOBE: Thessaloniki port authority privatization to benefit economy by up to 1.6 bln€ over 10 years

Panos - Jun 23, 2017

The Athens-based Foundation for Economic & Industrial Research (IOBE) has calculated additional benefits for the Greek economy of up to…

Hellenic Petroleum shareholders general assembly on Fri.; BoD announced
FINANCE
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FINANCE
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Hellenic Petroleum shareholders general assembly on Fri.; BoD announced

Panos - Jun 23, 2017

A general assembly of Hellenic Petroleum (Hel.Pe) shareholders will take place as scheduled on Friday, following an compromise reached between…

Dombrovskis: EC has plan to boost growth and employment in Greece
FINANCE
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FINANCE
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Dombrovskis: EC has plan to boost growth and employment in Greece

makis - Jun 22, 2017

“There is a need to support economic growth in Greece in broader terms, and that is why we have tabled…

The Eurogroup on Greece: Debt relief with a fiscal “straitjacket”, Peterson Institute analysis
FINANCE
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FINANCE
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The Eurogroup on Greece: Debt relief with a fiscal “straitjacket”, Peterson Institute analysis

Panos - Jun 22, 2017

Greece’s latest deal with the Eurogroup—the group of eurozone finance ministers—is bigger news than you might think from the press…

Greek privatisation agency moves to settle case to help secure new loans
FINANCE
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FINANCE
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Greek privatisation agency moves to settle case to help secure new loans

Panos - Jun 22, 2017

Greece's privatisation agency took action on Wednesday to settle a legal case that could hold up the disbursement of vital…

Greek econ minister: Access to ECB’s QE program now more ‘symbolic’
FINANCE
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FINANCE
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Greek econ minister: Access to ECB’s QE program now more ‘symbolic’

Panos - Jun 22, 2017

Greece's economy minister on Wednesday essentially downplayed the prospects of the domestic banking system rejoining the ECB's asset purchasing program…

Bloomberg: Europe’s unserious plan for Greece
FINANCE
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FINANCE
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Bloomberg: Europe’s unserious plan for Greece

makis - Jun 21, 2017

The deal struck last week between Greece and its euro-zone creditors is business as usual — and that’s not a…

Reuters: Debate in Bundestag over Greek program, Eurogroup deal delayed by a week
FINANCE
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FINANCE
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Reuters: Debate in Bundestag over Greek program, Eurogroup deal delayed by a week

Panos - Jun 21, 2017

Debate in the Bundestag regarding last week's agreement at the Eurogroup on the Greek issue and disbursement of an 8.5-billion-euro…

Bloomberg: Commission reports expresses serious reservations over Greek debt sustainability
FINANCE
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FINANCE
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Bloomberg: Commission reports expresses serious reservations over Greek debt sustainability

Panos - Jun 21, 2017

A report by the European Commission's economic and financial affairs council expresses serious reservations about the long-term sustainability of the…

EU Commission: The Greek debt will be 241% of GDP in 2060!
FINANCE
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FINANCE
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EU Commission: The Greek debt will be 241% of GDP in 2060!

makis - Jun 20, 2017

A report on the sustainability of Greek debt was filed by the Commission at the ECOFIM last week, part of…

Fitch upgrades Greek banks’ viability ratings
FINANCE
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FINANCE
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Fitch upgrades Greek banks’ viability ratings

Panos - Jun 20, 2017

Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the…

Power utility PPC to compile list of units up for sale; autumn market test cited
FINANCE
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FINANCE
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Power utility PPC to compile list of units up for sale; autumn market test cited

Panos - Jun 20, 2017

Greece's state-run and dominant power utility (PPC) will reportedly announce the lignite-fired units that it will place on the selling…

Brexit and weak government: a drama lesson from the Greek economy
FINANCE
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FINANCE
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Brexit and weak government: a drama lesson from the Greek economy

Panos - Jun 20, 2017

The UK is not the first country to stand on the brink of leaving the EU. It may enjoy a…

Regling: Greece foray into markets this year or 2018 if reform program continues
FINANCE
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FINANCE
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Regling: Greece foray into markets this year or 2018 if reform program continues

Panos - Jun 20, 2017

European Stability Mechanism (ESM) Managing Director Klaus Regling on Monday said it was likely that currently bailout-dependent Greece may return…

Greek industrial index improved in April, yoy
FINANCE
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FINANCE
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Greek industrial index improved in April, yoy

Panos - Jun 20, 2017

The industrial turnover index shot up in Greece in April 2017, posting a 10.7-percent increase on an annual basis. The…

Sweeping indirect taxes to achieve primary surplus
FINANCE
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FINANCE
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Sweeping indirect taxes to achieve primary surplus

makis - Jun 19, 2017

Greece will have to raise indirect taxes to the tune of 3.5 billion euros annually from the current fiscal year…