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Greek banks’ loan quality is deteriorating
Economythe announcement of the Greek banks’ 2014 financial results was the deterioration of the quality of their Greek... of 2014. Greek banks’ NPLs rose by 3.1 billion within 2014, reaching 83 billion at the end... percent in 2014, with the Greek ratio standing at 35.4 percent. At the same time, gross loans fell
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April... for Greek banks on a weekly basis (from bi-weekly before). The cap has been revised upwardly twice... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyin March 2015 reaffirmed that Greek SMEs continue to face the most significant obstacle among... on both fronts Greek SMEs, with turnover dropping by 18 percent and profits slumping by 46 percent. Both rates are the worst among the euro area countries. Greek SMEs topped the list for those
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammeThe Greek Prime Minister Alexis Tsipras meets with the European Commission President Jean Claude... that are related to the implementation of the Greek measures. These would have to be voted firstly by the Greek..., probably after the voting of the prior actions by the Greek Parliament. It is not clear whether
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Sallas exit from Piraeus marks end of era in Greek banking sector
EconomyBanking(BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector. Sallas... was the last of the bankers that dominated in the Greek banking market over the past decades, after... in early April 2013. Born in Heraclion, Crete in 1950, Sallas played an active role in the Greek
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomyLiquidity Assistance (ELA) ceiling for Greek banks by 400 million euros to 46.6 billion following... of Greek banks, taking into account private sector deposit flows,” BoG noted. This is the first increase... then, the increase fuels concerns about extended deposit outflows in the Greek market, amid uncertainty over
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Greek, Turkish foreign ministers discuss sticking points ahead of Mitsotakis-Erdogan talks
PoliticsForeign PolicyThe Greek and Turkish foreign ministers had an opportunity during their bilateral meeting...-level meeting of the Greek and Turkish leaders in September, on the sidelines of the United Nations... the Greek Foreign Minister. Gerapetritis reportedly raised the incident that took place in mid-July
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Cancelled leaders' meeting in US emphasises stalemate in Greek-Turkish relations
PoliticsForeign PolicyThe cancellation of a planned meeting in New York between Greek Prime Minister Kyriakos Mitsotakis..., which was eventually cancelled by the Turkish side. The other move that Greek diplomats.... But the Greek Premier is unlikely to meet with the Turkish President this week during the European
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Between Scylla and Charybdis
Agoraimpact on the Greek economy, hitting budget revenues hard and throwing the overall budget off track..., has submitted more updated conditionality documents and the Greek government has made a number... and is not even willing to engage in discussions with the Greek government on its request for a new, third
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Newsletter 43 - 18/09/2015
the first bailout in 2010, all Greek governments have started off with ample majorities, only to see them..., a measure voted in the Greek Parliament on August 13 to counterbalance the lowering of the VAT rate... framework for the recapitalisation process of the Greek banks, which is due to be completed by the end
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