Troubled Asset Relief Program
Over €8 bln spent on houses in Greece last year
The funds invested last year in the housing market nationwide are estimated at over 8 billion euros, highlighting the upward trend in demand but also in prices.
This amount is high considering both the fact that banks no longer finance 100% of the value of properties to be purchased, and the fact that only 20% of purchases and sales are made through bank lending.
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EU must present united front to shield pandemic-hit banks, says regulator
European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc's top regulators said on Monday, potentially using a 500 billion euro ($545 billion) EU recovery fund to do so.
Turkey to issue debt securities to support state banks
Turkey will issue government debt securities worth €3.7 billion ($4.16 billion) on April 24 to support its banking sector, the Treasury and Finance Ministry announced on April 22.
Turkish man dies in fall from roof after falling asleep, passersby catch him
A man, who had fallen asleep on the roof of a building, was caught by passersby who sensed the danger and stretched a tarp, breaking his fall. However, they did not manage to save his life.
Bavarian finance minister sees Grexit likely
Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said.
Greece has lost a quarter of its national output since it first sought financial aid in 2010.
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Greece won't last in eurozone in long-run, says Bavarian FinMin
Greece will not last in the eurozone in the long run and officials working on a review of its bailout package should prepare for such a possibility, a senior member of the Bavarian sister party of Chancellor Angela Merkel's conservatives said.
US Fed raises interest rates by 25 points
For the second time in three months, the Federal Reserve increased its benchmark interest rate a quarter point amid rising confidence that the economy is poised for more robust growth.
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Greece reaches deal with lenders over reforms unlocking stalled aid: Minister
Greece reached an agreement with its lenders on financial reforms early on Nov. 17, its finance minister said, removing a major obstacle holding up fresh bailout loans for the cash-starved country.
In Photos: Local authorities in Adıyaman stir outcry for sitting under tent as schoolkids get wet
Local authorities in Turkey’s southeastern province of Adıyaman have generated a public outcry for sitting under a comfortable tent during rain-sodden Republic Day celebrations on Oct. 29, while schoolchildren scrambled under tarp to avoid getting wet.
Greece Starts Talks on New Bailout Package with Creditors
Discussions on a third bailout package have started in Athens between Greek authorities and representatives of Greece's international creditors, the European Commission announced on Monday.
A Greek government spokeswoman, however, said that high-level talks would not begin until later this week, according to the BBC.