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ECB may bring forward Greek bank stress test next year The ECB Chairman stated that the SSM may decide to conduct stress tests for Greek banks earlier in 2018 than originally planned, in an effort to address IMFs concerns on Greek banks. According to bank officials the stress tests may reportedly take place in February.

Greece formally exits excessive deficit procedure after eight years

The European Council announced that the closure of the excessive deficit procedure for Greece after eight years, in a decision taken at a meeting of the General Affairs Council.

New poll shows ND leading by a 13% margin

Syriza is polling at 17.5% (+2.5% vs June poll), the Democratic Coalition is third at 7.5% (vs. 6%) and is followed by the Golden Dawn (at 7%, unchanged) and the Communist Party (at 6.5% vs. 7.5% previously).
GERMANY

Merkels win comes with EU prestige intact, but power weakened

Merkel΄s win comes with EU prestige intact, but power weakenedThe "Queen of Europe" is keeping her crown, much to Brussels relief. But after securing a fourth term as German chancellor, the coalition-building that Angela Merkel faces next will test her famous cool.
NEWS

German ambassador to ANA: Germany is aware of historic responsibility to fight racism

German ambassador to ANA: Germany is aware of historic responsibility to fight racism"The vast majority of Germans voted in favour of parties who believe in Europe. I am therefore quite sure that the next government will pursue a decisively pro-European agenda," he said.
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Lew expresses support for Greek debt relief

Speaking at an Economist conference on Greeces economy.

Dijsselbloem says feasible for program review to be completed by end 2017

"We discussed for the last phase of the program and it is feasible to complete the third review before the end of the current year".

German election: World reacts to Merkel victory, AfD rise

The AfDs entry into parliament was lauded by Europes far-right leaders.

ELA ceiling lower by EUR 0.3bn

The European Central Bank continued to lower the provision of emergency ELA funding available to Greek banks by 300 million euros to 33.6 billion euros, following a request by the Bank of Greece.

Greek manufacturing industry focuses on exports for growth

Greeces manufacturers reduced their presence in the domestic market in efforts to boost export activity.

Dombrovskis confirms that Greek economy is recovering

"I would not say that banking issues are the most urgent ones within the framework of the third programme review".

French Senate vote: Macrons En Marche! disappoints as conservatives retain majority

The conservatives will enjoy 150 seats in the French Senate until 2020.
BUSINESS
Hellas Gold to continue operations in Halkidiki

Hellas Gold to continue operations in Halkidiki

The decision came after a meeting between miners with the secretary-general of Environment and Energy ministry Mihalis Verriopoulos and the management of the company, following the beginning of arbitration process between the Greek state and Hellas Gold.
ECONOMY
EIB plans to invest around 7.0 bln euros in Greece

EIB plans to invest around 7.0 bln euros in Greece

This positive climate is expected to be confirmed during the inauguration of EIBs new offices in Athens, September 29, by the banks head Werner Hoyer.
ARTICLE
The remarkable come-back of Athens Real Estate

The remarkable come-back of Athens Real Estate

Niche markets survived and continued their upward move, slowly but surely through the tough times of closed banks. Indeed, driven by foreign capital through short term leases of the Airbnb type and the Golden Visa projects, some areas genuinely thrived. By Kosmas Theodorides.

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