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Greece stands on fault line between vicious and virtuous cycles for 2016
Agorawhen the ECB-held bonds placed a hard stop in front of Tsipras and led to his total submission. Last
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomy. The sharper decline in the loan rates compared to that in deposit rates led the average spread
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Holding out for a (reformist) hero
Agorabe a big test. It is also worth noting that a Mitsotakis-led New Democracy will provide a much
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Mitsotakis sets out on long haul to revive New Democracy while keeping internal balance
PoliticsGreek Politicsgovernment collapse in the coming weeks or months, there is no guarantee that a Mitsotakis-led New
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Mitsotakis targets Tsipras, floating voters and populists in first speech to his MPs
PoliticsGreek Politicsby mounting debt and dwindling revenues, which has reportedly led to some staff not being paid
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Newsletter 58 - 15/01/2016
and the July 2015 referendum). This means that it is unrealistic to expect that a Mitsotakis-led
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomy. The decrease in the ELA reliance also led to a reduction in Greek banks’ collaterals pledged with the BoG
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Primary surplus beat target in 2015 on higher revenues and restrained spending
Economybillion euros in December led the PIB balance to post a deficit of 1.78 billion in that month
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economydebt relief. S&P highlights the resilience performance of the domestic economy in 2015 mostly led
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One year of SYRIZA
Agorathat the outcome would be any different. Nevertheless, the SYRIZA-led government has been a disappointment
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