Tag Archives: loan

A force of some twenty policemen, the whole force of a local police station in northern Greece, was deployed to evict a disabled elderly man from his home in a village. following orders by the new owner who got the house through an auction launched by a fund. The old …

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Finance Minister Christos Staikouras did not rule out another extension to the suspension of outstanding debt payments beyond April, if the economy has not recovered. Speaking to Thema FM about the active regulations and their deadline extensions to help support businesses and jobs during the pandemic crisis, Staikouras said “this …

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Greek Finance ministry has launched procedures for the early repayment of a chunk worth 3.6 billion euros of a loan received by the International Monetary Fund. The specific repayment will cover loans ending in 2021 and 2022, Finance Minister Christos Staikouras said on Monday. It will be the second early …

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Greek banks, members of the Hellenic Bank Association, on Tuesday announced the extension of measures to support enterprises and individuals hit directly and indirectly by the pandemic crisis and of a moratorium on debt payments until December 31, 2020. In an announcement, the banks said they remained steadfast on the …

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The European Investment Bank (EIB) formally agreed to provide 140 million euros to support expansion and upgrading of the Port of Piraeus, the country’s largest port. The loan is the largest ever for investment in the port and in the country by the EIB. The total investment plan amounts more …

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A “mammoth” bank loan is still due before the Hellinikon investment project can proceed with works after it overcomes the last bureaucratic hurdles and all decisions by ministries and other public bodies give the green light. The Hellenic Development consortium consists of Lamda Development, China’s Fosun and Abu Dhabi’s Eagle …

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Greece’s finance minister will submit an official request to his eurozone peers this week for the early repayment of the International Monetary Fund (IMF). This was revealed by Prime Minister, Kyriakos Mitsotakis, during a press conference on Sunday. “The relevant request will be submitted by the finance minister to the …

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Greece must acknowledge the British Museum ’s ownership of the Parthenon Marbles before its Trustees consider whether or not to lend them to Greece. This is what a museum representative told the London correspondent of daily Ta Nea. “A precondition for any loan would be an acceptance of ownership of …

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Lending money to Greece was not profitable, finance experts in Austria complained on Wednesday.  The aid loan in the name of European Solidarity and other nice pink bubbles earned Vienna 112 million euros. For this  Vienna gave a loan of 1.6 billion euros to the debt-ridden country in the years …

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An elderly women got evicted from her own home in Kalamaki, Corinthos in North Peloponnese for a debt that it was not even hers. It was her son who had got a loan of 20,000 euros but was not paying back the installments. The elderly women had co-signed the loan …

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This is one of the glorious moments of bottomless populism and the absolute absence of culture and knowledge of culture. I am writing this not because I feel offended reading that a far-right Dutch populist claims Greeks spend the money on souvlaki and ouzo. His compatriot, the so-called social-democrat Jeroen …

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Greece has formally completed the transfer of 14 regional airports to a consortium led by Germany’s Fraport AG, in a privatization that is a key element of the country’s bailout program. The Greek state privatization agency says that under the deal signed Tuesday the consortium has paid a 1.23 billion-euro …

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The efforts of the Greek government to boost employment through a loan from the World Bank must be put on hold. And there are two reasons for this, reasons that have directly to do with the World Bank. According to exclusive information of daily Naftemporiki,  a standing and inexorable condition before …

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This is how privatization looks like: Greek banks lend the German state millions so it can buy Greek airports and modernize them. This is investment in the debt-ridden country. A consortium of financial institutions signed a long-term agreement worth approximately 1 billion euros with Fraport Greece to finance the 40-year …

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Spokesperson of European Commission Annika Breidthardt confirmed on Friday that the EC is in contact with the World Bank for a loan to Greece. “The European Commission is in contact with the World Bank to study the possibility of a loan to Greece,” she said adding that purpose of the …

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Greece’s government has asked financial assistance from the World Bank. The amount of the loan has not been revealed, neither when exactly the talks took place. However it sounds most possible that the government’s decision came amid negotiations with creditors on the second review of the third bailout program. Greece’s heavily …

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The statement by the managing director of powerful Greek media group Lambrakis Press Group (DOL) was stunning. Panagiotis Psycharis cold-blooded admitted that he got a bank loan of 15 million euro with only guarantee … his signature. Panagiotis Psycharis was answering questions to the Parliamentary Committee investigating the loans to …

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Efforts, compromise and total surrender to creditors brought fruits: The European Stability Mechanism approved the financial assistance for Greece on Wednesday,, the first disbursement of the first tranche arrived on Thursday and it was directly forwarded to the European Central Bank for the payment of 3.2 billion euro maturing today. …

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Greece has submitted an official request to the International Monetary Fund for a new loan as it seeks a huge third bailout from its creditors, the finance ministry said. “We would like to inform you that we are seeking a new loan facility from the International Monetary Fund,” Finance Minister …

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Greece sent Wednesday morning a letter to European Stability Mechanism requesting a 3-year loan in order to “meet its financial obligations” and “ensure stability of the financial system.” It is the 3. bailout Greece is going to receive since 2010 as austerity programs without provisions for growth have led to …

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