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Tag Archives: banks

IMF’s projections on Greece’s economy, Fund presses for banks withdrawal from the Balkans

Greek economy is expected to grow by 1.8 pct this year, 2.6 pct in 2018 and 1.9 pct in 2019, the International Monetary Fund (IMF) said on Monday. In its report on European economy, the IMF said it expected a 10.8 pct increase in net investments this year, rising to …

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Greece’s Bank deposits rise in September 2017

The Bank of Greece (BoG) announced that private sector deposits in the country increased by 52 million euros in September, compared to the previous month, reaching 1.047 billion euros in the country. The annual growth rate stood at 4.6 percent on a monthly basis, as capital controls remain in force …

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Homes worth up to €300K to be exempted from electronic foreclosure

Residences worth up to 300,000 euros will be exempted from electronic foreclosure actions that are expected to be launched soon. The exemption follows an agreement of the Justice Minister with the banks. According to a report by athensnewsagency, all residences valued at 300,000 euros or less will be exempted from …

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Court rules Debtors can claim Compensation from Collection Agencies

“Repeated calls from collection agencies to debtors infringe personality and debtors are entitled to compensation.” This is the final decision of a court in Athens after an attorney filed a lawsuit against two collection agencies. The court ruling opens the way for compensation to be claimed for “personality insult” when …

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EU lenders warn Greece of non-performing loans and “bail-in”

Greece’s European creditors have warned Athens that no funds would be released for the purpose of recapitalizing the Greek banking system if measures were not adopted to deal with the issue of the non-performing loans. According to newspaper “Kathimerini”, the institutions issued a stark warning that the Greek government would …

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