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How Greek banks moved into a new era
AgoraThe core Greek banks reported first quarter (Q1) results in the last three days of May. The release of the results was the last act in a series of important developments for the Greek banking market over the past two months. These developments constitute the third phase of the new era for Greek
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How Greek banks were left on the brink
AgoraAlmost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which.... Liquidity The first negative impact that Greek banks felt since December concerned their liquidity...) to lift the waiver for Greek government securities, previously used for ECB funding purposes, led
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Greek-Albanian relations take a hit over arrest of ethnic minority politician
PoliticsForeign PolicyThe detention of a mayoral candidate from the Greek ethnic minority in Albania has raised tension... largely inhabited by the Greek minority community, trouble started on Friday. Fredi Beleri, a running candidate for mayor with a Greek minority party aligned with an opposition coalition, was arrested
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Where is Odysseus? Part 4 - Unemployment and Employment
Agora. As a result, unemployment will ease off again from its peak. Similarly, when the economy runs hot... was devalued several times in the past to preserve competitiveness of the Greek economy vis-à-vis its... external balance of payments deficits. This sapped, over time, the strength of the Greek economy until
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyaffected most by the Greek crisis with building permits tumbling 75 percent to 16,400 in 2013 from... recession, oversupply coupled with lack of demand, tight credit conditions and significant increase of tax
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economy. According to the rating agency, early elections have made the direction of Greek policymaking more... of macroeconomic prospects, such as a return to recession caused by tighter liquidity conditions
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Greek austerity programme compromising some basic rights, EU Parliament report finds
Societyput more pressure on a fragile Greek pension system that was already facing challenges. The changes.... By increasing court fees and introducing more stringent admissibility conditions so as to reduce the inflow
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
EconomyIn its spring economic forecasts the European Commission (EC) focusses on the failure of the Greek recovery to pick up amid high political uncertainty and tighter financing conditions, which are also weighing on public finances. The EC also highlights that its new estimates are subject to a high
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S&P affirms Greek ratings at 'CCC+/C' with stable outlook
Economysolvency and thus support foreign investment. In addition, Greek government bonds (GGBs) could..., financial and economic conditions to meet its financial pledges. However, S&P stresses
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Fitch upgrades Greek rating to B-, sees debt sustainability improving
Economybeginning next month, the ratings agency notes. The challenge for the Greek banking system remains... conditions via the payment of arrears to the private sector. Fitch sees growth at 1.6 percent in 2017
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