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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyand rollover of foreigner investors T-Bill holdings. The PIB was the second key contributor
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomyloans to corporates and sole proprietors contracted by 20 and 17.6 percent respectively. A key risk
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsthree key elements: The end of austerity, an injection of liquidity and a restructuring of Greek debt
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What capital controls will mean for Greek banks, customers and the economy
Economywill start to operate normally when they will open again since the key condition is the provision
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyof competition was the key reason for the broadly unchanged rate. In 2012, there were more than 15 banks
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S&P lowers Greek long-term rating by one notch to CCC-
Economycurrency shortage for the private and public sectors, potentially leading to the rationing of key
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Moody's downgrades Greece's rating by one notch to Caa3
EconomyFollowing S&P and Fitch, Moody’s downgraded on Wednesday Greece’s government bond rating by one notch to Caa3 from Caa2, while rating is on review for further downgrade. The key driver that triggered the downgrade lies with the fall in the probability of support to Greece since the previous
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Newsletter 33 - 03/07/2015
, particularly since Monday. Crucially, for the banks to open again, the key condition is for the ECB... is unlikely to en masse favour being part of a national emergency government. The other possibility
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Greek banks' liquidity position at the centre of attention
Economyfor any Greek bank, not even as a draft plan. As we recently argued, the ECB holds the key to upcoming
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicsthis could mean for Greece’s future will begin. Below, we set out some of the key political scenarios
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