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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomy) and weak loan demand are having a negative impact on credit expansion, which is expected to resume... to 29.2 percent, followed by consumer credit (up 5 pp to 43.8 percent) and housing loans (up 2.6 pp to 24
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Spain’s economic recovery languishes amid graft scandals
Agorain the euro zone after Greece- and in a sluggish credit flow. The Spanish Prime Minister, Mariano Rajoy... in housing and credit market conditions, lack of progress on fiscal consolidation raises concerns over
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Another big drop for building activity, which fell by 35.3 pct in January
EconomyMacroeconomyof credit contraction in the housing sector has been hovering between 3.1 and 3.7 percent... credit expansion is hiking non-performing loans ratio, which has soared to 25.8 percent at the end
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomystrengthening are expected to improve credit conditions. In addition, liquidity would be further supported... tighter credit conditions are the key risks the banking system is facing. On the flipside, positive
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomy’ reluctance to borrow are among the key reasons for negative credit expansion in the housing segment. Another side effect of shrinking building activity and credit demand is the decline in apartment
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Are things looking up for Greece's privatisation programme?
EconomyIn its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks
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Greek building activity drop decelerates to 16 pct in March
EconomyMacroeconomyto the Bank of Greece (BoG). Housing credit contraction is mainly due to heightened non-performing loans... lending activity. Shrinking building activity and lack of credit demand are among the key reasons
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Eurostat 2012 figures raise questions about Greece's tax policy
Economyof undeclared income would yield more meaningful results. In its latest weekly credit outlook released today, Moody’s notes that Greece exceeded fiscal targets in the 5-month period, which is a credit positive
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyas reduced credit risk stemming from the anticipated economic recovery may lead loan rates and spread at lower levels. This trend may be mitigated by a revival of credit expansion and banks
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyactivity and lack of credit demand. Bankers indicate that 2015 will be a turning point for the mortgage market as house prices will not fall any further and credit demand will increase leading to quadrupling
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