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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economythe Eurostat announcement does not dispute the Greek figures. Following Eurostat's announcement... percent) and transfers from Member States corresponding to profits on Greek bonds held by Eurosystem... on the 2013 program outcome in the next regular report on the Greek EAP which we expect to present
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Bond issued for capital support of Greek banks in 2009 reaches maturity
Economyof Understanding with the troika, the Greek government passed a bank liquidity and capital support... up to 85 billion and is currently the key collateral that Greek banks use for Eurosystem funding... of redeemable preference shares without voting rights to the Greek state, foregoing pre-emption rights
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ECB tests find negligible capital shortfalls at Greek banks
Economycomprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender... the AQR, the baseline and the adverse stress-test scenarios. For Greek banks, the binding scenario... of the CA for Greek banks stood at 344 million euros, with Alpha and Piraeus showing zero capital
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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion... to the elimination of ELA funding. The recorded drop of Greek banks' central bank funding so far... and EFSF bonds, mainly received by Greek banks in exchange for HFSF participation in their capital
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Investors' hopes of eurozone deal boost Greek stocks and bonds
EconomyThe Greek stock market surged for the second straight session on Friday, rising by 5.61 percent... between the Greek Prime Minister Alexis Tsipras and Eurogroup President Jeroen Dijsselbloem.... Following today’s performance, the Greek market recorded gains of 11.3 percent this week. In addition
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Greek relations with US on edge due to law allowing terrorist's release
PoliticsForeign PolicyRelations between Greece and the USA became much tenser this week as a result of Greek Parliament... that the Greek government underestimated the strength of the reaction there would be from the American side... overshadowed a meeting between Kerry and Greek Foreign Minister Nikos Kotzias on Monday. Kotzias
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Lenders dismiss Greek proposals but SYRIZA also ups pressure on Tsipras
PoliticsGreek Politicssaid on Wednesday that the “ball is clearly in the Greek government’s court” after suggesting... the creditors want 3 percent. There is also a gap on revenues from VAT, with Greek adjustments.... The Financial Times reports that the Commission is unhappy with the latest Greek proposals because
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits marginally slipped for the second straight... operating in the Greek banking market with the smaller considerably rising time deposit rates... to a consolidation in the domestic market, there are now four core Greek banks are controlling 98 percent
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammeAlong with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new.... The previous Greek proposal called for a gradual replacement of EKAS by the end of 2018. The government... contributions for pensioners to 6 percent (from 5 percent in the previous Greek proposal). Moreover
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Greek stocks edge up, with banks rising for third straight week
EconomyThe Greek stock market traded on positive grounds for most of this week's sessions, ending the week... over the past two weeks, Greek shares are still more than 15 percent down since the beginning of August... reflecting foreign investors’ lack of interest in investing in Greek equities. At the same time
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