International

Meanwhile, the Citizen’s Protection Ministry is concerned about information indicating that 500,000 Afghani nationals have migrated to Turkey from Iran and Iraq, which has fueled concerns about a prospective increase of pressure at Greece’s northern borders.

Nearly half of the loans issued by Greek banks are not being serviced and have become delinquent, and the companies that owe money are problematic, and cannot pay.

Diplomatic relations between the two countries had been injured following accusations of Russian intervention in Greek domestic affairs, and the consequent expulsion of a pair of diplomats by each side.

In an unprecedented attack, Dimitris Tzanakopoulos said the Bank of Greece Governor wants to keep the country 'in shackles', because he had proposed a post-bailout precautionary credit line.

The Fitch credit rating agency has upgraded the long-term IDR’s of Alpha Bank and the National Bank of Greece to CCC+ from RD, and of Eurobank and Piraeus Bank BOPr.AT to CCC from RD. Fitch also upgraded the short-term IDRs of all four systemic banks, to C from RD. Fitch said that the upgrading came […]

The overall budget for the eleven programmes will be 632.5 million euros, and will cover 88,500 unemployed.

The Supreme Court Prosecutor’s Office has instructed Economic Prosecutor Marianna Psaroudaki to conduct a preliminary investigation into the use of funds earmarked for managing the refugee crisis, in order to ascertain the validity of allegations of automatically prosecutable crimes. Psaroudaki has already summoned witnesses, including retired Lieutenant-General Andreas Iliopoulos, the former director of the service […]

Our banks, shackled by non-performing loans (NPLs), meager available capital, extremely low revenues, and an anaemic economy, could not but be the object of pressures from the impatient markets.

The government’s aim is to include salaried taxpayers and pensioners with a debt of between 3,000 - 5,000 euros, and freelance professionals who are unable to declare bankruptcy, and are currently automatically excluded from a 120 instalment arrangement.

'The government in Athens is exploring an aid plan for domestic banks. Together with the euro rescue ESM and the Greek Banking Association, it is working on an 'intervention plan' to relieve banks of risk-burdened loans,' FAZ reported.

'In the framework of its [bailout] programme and of its completion, Greece committed itself to continue on the reform path, which was set by the ESM [European Stability Mechanism] programme,' Angela Merkel's press office told the daily Ta Nea.

New Democracy must convince voters that it has definitively left behind its bad past, and it must present a serious alternative solution to the problems plaguing the country.

'The climate has spoiled because we have entered an electoral period, in which [both major] parties instead of emphasising the speeding up of reforms, preoccupy themselves with pledges of handouts,' said the president of the Hellenic Federation of Enterprises.

'All banks have exceeded targets as regards the resolution of Non-Performing Loans (NPLs) and have passed the stress tests,' Tsakalotos stressed, noting that all four systemic banks have capital adequacy and that there has been a rise in deposits..

The data will be shared with the Turkish Navy, the Coast Guard Command, the Transport Ministry, the Environment Ministry, the Agriculture Ministry, and the Customs and Trade Ministry.

The markets are aware of the weaknesses of the Greek banking system, and the potential problem of capital adequacy that can be encountered, as the target of a swift reduction of NPLs cannot be achieved without losses.

A European Commission delegation visited the location of the project twice – at the end of 2016 and mid-2017, to examine whether firms that awarded contracts were indeed catering to asylum-seekers at refugee and migrant camps and hot spots.

Anxiety over the Italian “typhoon”, as well as domestic scenarios of a new bank recapitalisation, triggered the massive sell-off.

The domestic clash that is raging in FYROM is not due only to disagreements over the accord. Foreign interventions by the two competing sides find fertile ground, due to the particular ethnic composition of the country.

The centre-left Movement for Change leader said that the condition for her party’s participation in a grand coalition is, among others, the rescinding of the law passed by former labour minister Yorgos Katrougalos, which is the basis for legislated pension cuts