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Newsletter 86 - 26/08/2016
Government debt increases Banks accept Sklavenitis bid for troubled competitor Marinopoulos The central government debt rose by 7.33 billion euros quarter-on-quarter to 328.34 billion at the end... central government debt increased by 7.33 billion euros to 328.34 billion in the second quarter (Q2
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Eurosystem funding falls by another 4.4 bln in August
EconomyMacroeconomyof Greece's (BoG) monthly financial statement displayed on Wednesday. Central bank funding landed... broadly stable. ELA funding accounted for 62.3 percent of total central bank funding, while ECB
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Government under pressure from TV permit and Attica Bank claims
PoliticsGreek PoliticsTsipras sought to put distance between his administration and Kalogritsas by telling SYRIZA’s central... translates as “sometimes it is better to keep quiet.” The response from the central bank reflected
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Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln
EconomyMacroeconomyGreece’s central government primary cash surplus dropped by 660 million euros to 2.41 billion in the 8-month period of 2016 from 3.07 billion a year ago, Bank of Greece (BoG) figures displayed..., the reported central government cash deficit of 1.93 billion for the 8-month period is reduced
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How the pension fund that invested heavily in Attica Bank lost half its reserves
Agoraan overhaul of the bank’s corporate governance framework. The central bank also lifted the previous... to the committee’s chairman on September 22 the report it prepared with the help of the European Central
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyresidents. The gg outflows largely stemmed from social security funds (391 million) and central government... billion respectively. Overall, Central Bank funding has dropped by 17.26 billion over the last three
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomy. The central bank funding balance edged down for the 15th successive month to 75.31 billion euros at the end... of total central bank funding from 62 percent in August. At the same time, Greek banks reduced
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SYRIZA congress gives Tsipras benefit of doubt, more time to deliver
PoliticsGreek Politicsprogramme review, an agreement on debt relief, inclusion in the European Central Bank’s QE scheme...) to the party’s central committee with a significant number of votes was a reminder that the grouping does have
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus increased by 540 million to 3.22 billion in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday... a year ago. In addition, the reported central government cash deficit of 1.14 billion in the 9-month
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Athens looks to Draghi for positive signals on debt relief
PoliticsGreek PoliticsIt was mentioned almost as an afterthought. Mario Draghi, the European Central Bank President, reframed the ongoing debate on Greek debt relief, noting the ECB would draw its own conclusions... quantitative easing programme. Even by central banker standards, his comments, given their impact, were
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