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Greece and the IMF: An everlasting love-hate relationship
Agoraas being neoliberal to the extreme. In June, in one of his most polemical speeches, the he accused the fund... credit line, albeit with more conditionality. However, seeing his waning appetite for reforms, the troika
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomytotalling almost 80 bps since the imposition of capital controls at the end of June amid lack... to 2.69 percent. In contrast, the rate for consumer loans without a fixed maturity (largely credit
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Newsletter 68 - 01/04/2016
recorded by households, largely reflecting tax payments. Meanwhile, credit contraction accelerated to 2.3... second bailout. Samaras won the May and June elections in 2012 on the promise of renegotiating
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammepublished by the Fund last June had shown that the agreed debt targets would be missed by over 30... that they will be unable to provide credit to the economy at the levels required to support the very ambitious growth
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Net profit of 87 mln for NBG in Q1
EconomyBankingshowed, small business loans NPL ratio stood at 63 percent in Q4, consumer credit at 56 percent... in mid-June, according to NBG management, with the bank applying thereafter for the repayment
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomy, Stournaras said. The BoG governor also noted that Greek banks submitted on June 24 to the regulatory... such as the increase in the limits that can be approved by bank committees as well as a rise in the credit
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How Greece's political system failed to safeguard the largest investment in the country's history
Agoraincurred from the Private Sector Initiative and credit loss projections for 14 Greek banks resulted... During May and June 2013, the four core banks conducted share capital increases to cover
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Newsletter 97 - 25/11/2016
percent by the end of 2017 from around 45 percent in June 2016, while it noted that they will face... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue
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OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
EconomyMacroeconomyin its previous report in June, and a rebound of 1.3 percent in 2017 (from 1.9 percent previously...-performing loans (NPLs), which currently undermines credit expansion and holds back investment. On the fiscal
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What the agreement between Greece and lenders means for fiscal and tax policy
EconomyProgrammeand pensioners and the tax credit for individuals’ medical expenses, both effective from 2017...” property prices for tax assessment will have to be aligned with market prices by June 2017, which
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