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Greek banks in intensive care: What lies ahead?
Agorapublished on May 28, the European Commission (EC) had requested 11 EU countries to fully implement... directive, in circumstances of very extraordinary systemic stress the authorities may also provide... percentage points to 24.5 percent. That negative performance reflected the strong recession of 8.9 percent
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economy, while unemployment may edge up this year, according to the latest report on the Greek economy published... or slightly lower compared to last year. In addition, the reshuffling of the VAT rates may mitigate the strong deflation evident in the first half of 2015 However, the report highlights
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomy. Although C/A balance displayed a surplus in June and May, the first half figure points to a deficit of 1.72... billion. The latter is fully attributed to a strong rise in non-residents’ arrivals by 20.8 percent more... in June from 5.2 billion in May. Compared to last year, they modestly grew by 0.1 billion
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Newsletter 49 - 30/10/2015
can vote for any of the four candidates, the strong support for Tzitizkostas among those who did... When the going get tough Tsipras may soon wish that someone else was prime minister Alexis Tsipras... euros per year (or almost 16 percent of GDP), is unveiled, Tsipras may find himself wishing
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Newsletter 51 - 12/11/2015
dropped to the lowest since May 2012. The non-seasonally adjusted rate fell by 1.2 points to 23.4 percent in August. The decline in the unemployment rate is attributed largely to the strong tourism season. August’s jobless figure is the lowest reading since May 2012. Seasonally adjusted GDP slips
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Paris attacks change backdrop for Tsipras visit to Turkey
PoliticsForeign Policyattacks and the strong mandate Erdogan's AKP received in the recent elections. Tsipras however insists..., Greek officials are concerned that following the revelation that one of the Paris attackers may have entered the EU via Leros the country may be seen by some of its European allies as a gateway
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Economic sentiment improves 4 pts in Jan but consumer confidence worsens 2.8 pts
EconomyMacroeconomyMay 2015. Since the beginning of the Greek crisis, ESI has fallen to a historic low of 75.2... reading since April 2015. The construction indicator also showed a strong rise of 11.2 points to -37.9... since May 2015.
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Coalition feels wrath on pensions but not in opposition's interest to push hard
PoliticsGreek Politicsthat these differences cannot be bridged (a compromise may be found in lower social security contribution rises... in was highlighted by the strong turnout for Thursday’s general strike in Athens and other parts of the country... minister and MPs who may have grown concerned about the rising tension in Greek society. It remains
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Newsletter 71 - 22/04/2016
. Banks may sell up to 50 percent of their total 37.7 billion EFSF bond holdings to the ECB, replacing... will be affected, suggesting that the congress, which runs from Friday to Sunday, will be a strong test... law and order at refugee camps up and down the country. While this may have been a legitimate point
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New rules on sale of NPLs come into play after approval of omnibus bill
EconomyProgramme, including the interest rate, is not permitted. The loan management may be conducted by companies based.... Licensed companies that will engage in loan sales may also be based outside EEA. The Bank of Greece (BoG... that five sectors with strong production characteristics, extroversion and contribution
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