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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomydeposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average... corporate lending rates contracted in May, they remain well above the euro area average rates, by 3
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Among euro area SMEs, Greeks face most problems with access to finance
Economyin their need for bank loans (25 percent), which is five times the euro area average. Although bank... requirements for SMEs in Greece remain the highest in the euro area. Overall, SMEs in Greece identified high
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New data shows 6.2 pct of Greek labour force in gray area
EconomyMacroeconomy. This represents 6.2 percent of the labour force and creates a grey area between full employment and inactivity
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyarea rate. This month’s change reversed the sharp drop of 44 bps recorded in September
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomy. Both rates are the worst among the euro area countries. Greek SMEs topped the list for those
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Athens steps up efforts to build links with Libya as EU steps in to assist
PoliticsForeign Policyfrom both the Benghazi and Tripoli governments after European Commission President Ursula von der..., Foreign Minister Giorgos Gerapetritis met with General Khalifa Haftar in Benghazi for approximately one... as a message from Benghazi aimed at showing the magnitude of the problem facing the authorities
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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
EconomyMacroeconomyby to 433,200. In contrast, the average expenditure per trip increased by 9.7 percent to 305 euros. There was a notable drop of 30.7 percent in arrivals from non-euro area countries within the EU28...). Double-digit drops of 20.6 and 24.6 percent were posted in the 2-month receipts from non-euro area
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Greece locked in talks with Egypt over monastery, struggles to gain footing in Libya
PoliticsForeign Policyvisiting both Tripoli and Benghazi, according to Kathimerini. Gerapetritis is to meet with both Libya’s...) of Field Marshal Khalifa Haftar. Until very recently, Benghazi’s rulers were firmly against Turkey... in Tobruk and now, in Benghazi. But now it seems that Haftar appears willing to discuss
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraarea. In its April 2013 edition the parts about Greece made for particularly challenging reading.[4... in the euro area, SMEs in Greece reported the strongest increase in their need for financing working.... By contrast, the complete rejection of their loan application among the 17 euro area countries
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeand the OSI, public debt recorded a relatively modest immediate decrease to 305 billion euros (160 percent... of structural reforms in the labour, product and service markets to remain a viable euro area member
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