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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomyGreek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace... negative. Greek banks also issued senior unsecured bonds issues worth 2.25 billion euros within 2014 for the first time in the past four years. Excluding EFSF bonds, the bulk of Greek banks’ ECB funding
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SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008
Economyand their value added stood at 34 billion euros. The report shows that SMEs dominate the Greek business market... are significantly higher compared to the respective EU28 averages of 58 and 67 percent respectively. The Greek SME... sector. The construction sector was the worst affected by the Greek crisis, suffering a third of the SME
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
EconomyThe International Monetary Fund has provided updated forecasts on the key Greek macro and fiscal... with those of the Greek government and the European Commission. In contrast, the IMF lowered its estimate on Greek unemployment by more than 0.5 percentage point (pp) for both years. For 2014, the IMF now
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Lack of troika deal leaves Greek coalition looking at bailout extension
PoliticsGreek Politicsan agreement. This means that Greece will probably have to extend its current bailout. A Greek government... of the euro vs drachma dilemma that was put to Greek voters in the May and June 2012 elections. SYRIZA... by the SYRIZA MP to help the Greek economy recover are: A haircut of public debt, quantative easing
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Pressing economic tasks mounting up for next Greek government
EconomyProgrammeRegardless of the outcome of general elections, the new Greek government will have a number... in new issues. This means that Greek banks have to cover the foreign share in the rollover, which will increase their own funding needs given their recent constraints. On top of that, Greek banks
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Less is more: The Greek government needs a chisel, not a sledgehammer
Agorainto a majority of support among Greek citizens, including those who did not vote for the senior coalition... and expectations prevailed among Greek citizens after the agreement on the new coalition government... and clarification ran deep among surprised and frustrated Greek citizens. It is not lost on a host of domestic
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyThe Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros...) by Greek banks to increase their pillar II state guarantees to counterbalance deposit outflows... Greek banks’ zero reliance on ELA funding as of May. However, this figure is expected to rise again
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No quick solution to Greek liquidity problem; reforms list holds key
PoliticsGreek Politicsthat the Frankfurt-based lender raised the Emergency Liquidity Assistance (ELA) limit for Greek banks by more than... for the European Financial Stability Facility to return this amount as the Greek government believes... officials saying the Greek government would run out of money on April 20. Euro Working Group experts
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgrammeon April 8 with around half of maturing securities held by foreign investors. We understand that Greek..., which is expected to be regularly rolled over since almost the entire issue is held by Greek investors... government deposits with Greek banks stood close to 12 billion euros at the end of February
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Greek employers struggling to fill positions with right people
SocietyAlmost three in five Greek employers are reporting difficulty in filling positions with people... Shortage Survey (pdf). Published this week, the survey indicated that 59 percent of Greek employers... of relevant executives in the Greek market, but also due to the fact that those available lack
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