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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus widened by 82.7 percent year on year (YoY) to 3.24 billion in the 7-month period of 2014 from 1.77 billion last year, according the gg bulletin.... This development follows Greek bank’s zero reliance on ELA funding as of May. b) A decline in bank support scheme
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Greek CPI down by 0.3 pct in August as rate of decline slows for third month in a row
EconomyMacroeconomyThe decline in the Greek Consumer Price Index (CPI) slowed down for the third successive month to -0.3 percent in August from -0.7 percent in July, according to the Hellenic Statistical Authority... forecasts by the troika institutions, the Greek government and the Bank of Greece who see a second
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Run this way: The recurring pattern of Greek leaders
AgoraAs the Greek general elections of May (and then June) 2012 approached, every poor unfortunate European politician attempted to grab a moment in the spotlight by pontificating on whether Greece should... run, Samaras forgot the 16 billion euros that flew out of Greek bank accounts in May and June 2012
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingbillion from the equity participation in the four systemic Greek banks, while an additional loss... for the Greek banks is the outcome of the ECB Asset Quality Review (AQR) and European Banking
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Ahead of bailout talks, IMF chief raises doubts about clean Greek exit
PoliticsGreek PoliticsA Greek delegation is due to meet International Monetary Fund managing director Christine Lagarde on Sunday to discuss the government’s plans for an early exit from its bailout programme.... Having failed to kick start discussions on Greek debt relief with the eurozone partners, Samaras
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomyGreek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop... decrease at 28.6 percent since 2009, corresponding to 5.02 billion less available to Greek households
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Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomyThe rate of Greek credit contraction remained at 3.5 percent in September, unchanged from the previous month, according to the Bank of Greece (BoG). Balances eased 0.35 percent month on month (MoM... since June with net additions at 61 nillion. Credit expansion in the Greek market has been negative
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After ECB tests, it's back to troika review for Greek coalition
PoliticsGreek PoliticsAfter Greek banks passed the European Central Bank’s comprehensive assessment, which alleviated previous concerns about the Hellenic Financial Stability Facility (HFSF) capital buffer of 11.4 billion.... The Greek issue is also expected to be discussed in the upcoming two Eurogroups due on November 6
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Greek deposit and loan rates slide in September
EconomyMacroeconomyfell by 190 bps, while T-Bill yields remained broadly stable. Since the beginning of the Greek crisis... percent. It is noteworthy that the Greek rates in these two corporate lending categories stand circa
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With troika review pending, Greek bailout exit plan faces time challenge
PoliticsGreek PoliticsWith the clock ticking on Greece's plan to exit its troika bailout at the end of the year, the status of the current review of the Greek programme remains unclear. The government is expected... and Washington are that the Greek government will have much distance to cover in the next few weeks
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