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EU elections do not mark end of numbers game in Greek politics
PoliticsGreek Politicsnational elections. Tsipras made the statement after holding talks with Greek President Karolos Papoulias... within 30 days. The way numbers stack up in Greek Parliament means the outcome of the vote... will be necessary. This means the future of these two parties is significant not only for Greek
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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
EconomyGreek pension funds have lost 32 billion euros since the beginning of the crisis and are facing... in the 2012 haircut on Greek government bonds (PSI) held by the pension funds. With regards to the PSI..., the troika reports have acknowledged that the Greek authorities have implemented a series of measures
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling... of the year, Greek banks’ Eurosystem funding has been reduced by 28.06 billion euros, reflecting... and National banks, the other two Greek core banks also proceeded to senior unsecured bond issues
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Moody's upgrades Greek rating by two notches to Caa1 - here's why
EconomyGreek banks’ outlook to stable from negative on April 29. Despite the 2-notch upward revision... institutions underscores the improvement in the debt trajectory. Moody’s expects the Greek government... forecasts by the troika institutions and the Greek government foresee a GDP growth of 0.6 and 2.9
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomyFollowing a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem... was minimal with outflows of just 45 million euros in the year to date. In addition, all core Greek... of 2014. Those were the first bond transactions in the past four years. The large majority of Greek banks
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Commission points to poor access to finance, slow reform as hampering Greek competitiveness
Economy. The report notes that only 33 percent of Greek SMEs obtained their financing from the banking sector... that in 2013 32 percent of Greek SMEs identified access to finance as their most serious issue... in Greece (IfG) and EU structural funds should ease Greek firms’ financing constraints, according
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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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