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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomywas priced at a fixed rate coupon of 5 percent and was six times oversubscribed. Following the sharp... positive impact arises from the ECB’s move to cut its rate by 0.25 percentage points in mid-November
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European Commission review of Greek programme: The key points
EconomyProgrammeon the assumption of a 72 percent collection rate for individuals and 90 percent for legal entities... specific timetable. Banks Greek banks’ non-performing loans (NPL) continue to rise, yet the rate of new
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politics(GLF) variable rate (currently at Euribor plus 50 basis points) to 1 percent constant for the next 50... contracted by 0.9 percent in the first quarter (Q1) of 2014, the slowest rate of decline since Q1
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Two years on, Greek government ready to give up on higher heating fuel tax
PoliticsGreek Politics, the 10-percentage-point reduction (from 23 percent to 13 percent) in the VAT rate applied to food... is imposed on declared incomes and has a rate of 1 to 4 percent for any annual income that exceeds
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomyto the Hellenic Statistical Authority (ELSTAT). The June reading is the second highest (after May) rate... of the first-time circulated road motor cars with its growth rate (52.3 percent in June) above the country
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomythe highest drop, at -47.6 and -40.3 percent respectively. In contrast, the rate of decline in building... 2010. In addition, the rate of housing lending contraction is persistently ranging between 3 and 3.5
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Sudden spurt for Greek exports, which rose by 11.3 pct in June
EconomyMacroeconomyThe rate of change in Greece’s exports turned positive showing an increase of 11.3 percent in June following a drop of 7.5 percent in May, according to the flash estimates released by Hellenic... a 3.7 percent increase in May. The June rate was the fourth positive YoY reading in the first half
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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomymonth at a rate broadly unchanged from the previous period. In addition, backlogs of work fell again... after a slight decrease in July. The rate of rise in purchasing activity was the fastest in the past
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomyThe rate of increase in the number of road motor vehicles going into circulation for the first time slowed for the second consecutive month to 20.8 percent in August from 25.9 percent in July... in August and 28.4 percent in the 8-month period. The growth rate posted in the prefecture of Attica
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ELSTAT survey finds 2013 household budgets devastated, inequality persists
SocietyStatistical Authority (ELSTAT). The rate of decline in 2013 shows a deceleration compared to the -10.2... four years. In 2013 it was 27.6 percent higher in the urban areas, whilst the respective rate was 48.5
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