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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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Eurogroup sets out key dates ahead for Greek programme
EconomyProgrammethat followed the meeting, Eurogroup President Jeroem Dijsselbloem said Greek caretaker finance... in the Greek Parliament of the new programme. On the disbursement of the total of 25 billion euros earmarked for Greek bank recapitalization, the European Stability Mechanism head Klaus Regling stated
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Greek shares up for the third straight week on strong performance from banks
EconomyThe Greek stock market headed north for the third successive week posting gains of 3.9 percent... about Greek banks’ capital needs after recent rumours indicating capital increases would range... the cumulative gains of more than 11 percent over the past three weeks, Greek shares are down 10.7
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economyassessment of Greek banks, which consisted of an Asset Quality Review (AQR) and a stress test under... the baseline and the adverse scenarios. Piraeus recorded the biggest capital shortfall among Greek... collateral values and cash flow valuations. Greek banks are now required to submit by November 6
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 5.98 billion euros in November following a drop by 2.01... billion euros to 77.49 billion in November on the back of the completion of Greek banks’ capital... the ELA ceiling by 7.8 billion euros to 77.9 billion amid improving liquidity for Greek banks
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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
Societyestimates that Greek expats have generated a total of more than 50 billion euros of GDP in their new countries since 2008. In addition, the Greek state is estimated to have invested more than 8 billion in educating those Greek expats while they were in their home country. The report shows that among
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