General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
ATHENS — The increase of Greek banks' problem-loan outsourcing to credit servicing firms (CSFs) is credit positive, Moody's said in a report. The credit rating agency said that, based on figures released by the Bank of Greece in June 16 for the first quarter of 2020, CSFs raised their portfolio of non-performing exposures (NPEs) by 31 pct compared with the fourth quarter of 2019. "A gradual transfer of management of NPEs to credit servicing firms, which have the know-how in managing these loans, raised the prospects of recovering these debt and cleans banks' balance sheets, improving the quality of their assets," Moody's said, adding that this also allowed banks' managements to focus on disbursing new loans.
The central bank said that non-performing exposures transferred to CSFs rose to around 30.8 billion euros in the first quarter of 2020 from 23.5 billion in the fourth quarter of 2019, with the value of NPEs held by Greek banks totaling 68.5 billion euros at the end of 2019.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
ATHENS - There were no injuries nor damage reported despite its intensity as a 5.
LONDON, UK – Princess Theodora of Greece and Denmark is set to marry her lawyer fiancé this fall in Athens, according to media reports – “after the couple previously postponed their wedding date twice,” Tatler reported, noting that Theodora, “who was born in London, started dating Matthew Kumar in 2016, with the couple announcing their engagement in November 2018.
ATHENS - The tragedy of the Tempi train collision is a much greater issue than an opportunity for parties to table a motion of censure against the government, but the opposition parties used it anyway "to turn society's pain into a tool to strike at the government and me personally," Prime Minister Kyriakos Mitsotakis said on Thursday night in parliament.
ATHENS - PASOK-KINAL leader Nikos Androulakis, speaking at the Hellenic Parliament on Thursday, emphasized that there is "an established belief among the Greek people" that the government "operates as a well-oiled machine of corruption, cover-up, and propaganda.