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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammeThe Eurogroup Working Group (EWG) decided on Friday a long list of 49 milestones that Greece will have to achieve by mid-October for the disbursement of the next bailout sub-tranche of 2 billion euros.
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New time deposit rate fell 12 bps in August to record low of 1.19 pct amid capital controls
EconomyMacroeconomyFollowing a sharp drop by 50 basis points (bps) in July, Greek households’ new time deposit rate fell by another 12 bps to 1.19 percent in August Bank of Greece (BoG) figures showed on Thursday.
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomyGreek private sector deposit flow displayed inflows of 449 million euros in August from outflows of 1.51 billion in July, Bank of Greece (BoG) data showed on Friday.
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomyFollowing a deceleration in the preceding four months, Greek bank credit contraction resumed a slightly accelerating trend at 1.6 percent in August from 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammeThe new coalition government to be sworn in on Tuesday after Sunday’s snap elections has a series of challenges ahead of it, most of which stem from the commitments and deliverables outlined in the third bailout programme signed a month ago.
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Assessing the health of Greek banks' loan portfolios
EconomyBankingThe Asset Quality Review (AQR) that is currently being conducted by the Single Supervisory Mechanism (SSM) of the ECB along with a stress test exercise will determine the capital needs of Greek banks that are due to be published in the second half of October.
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell by 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial statement showed on Monday.
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomyAfter remaining broadly stable at around 1.8 percent since last December, Greek households’ new time deposit rate recorded a marked drop by 50 basis points (bps) to 1.31 percent in July, according to the Bank of Greece (BoG).
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyGreek bank credit contracted at a decelerating pace for the fourth straight month in July, when it decreased by 1.5 percent from 1.7 percent in June, according to the Bank of Greece (BoG).
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyGreek private sector deposit fell eased to 1.51 billion euros in July from 7.58 billion in June, according to the Bank of Greece (BoG).