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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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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyThe Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT). The headline figure recorded... made by the Greek government and the troika. Thus, despite initial estimates, 2014 will be a year
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus improved to 3.14 billion euros in the 9-month period of 2014 from 1.86 billion last year, a 69 percent year on year (YoY) rise, according...) guarantees from 9.79 billion euros in December to zero as of June. This development stemmed from Greek
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New bribe claims likely to poison Greek politics further ahead of presidential vote
PoliticsGreek PoliticsFresh claims of attempts to bribe opposition MPs ahead of February’s presidential vote have surfaced in Greek politics but there are doubts about whether they are well-founded and if they will have... of claims highlights the tension that is building within the Greek political system as we head
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Eurogroup agrees two-month extension for Greek bailout but political developments to dominate
EconomyProgrammereport on the state of play of the current review, while the Greek government will officially... extension so the Greek government will have to imminently submit its official request
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Greek stocks plunge again as bond yields climb to new high amid political turmoil
EconomyFollowing a modest drop of 1 percent on Wednesday, the Greek stock market plunged 7.35 percent today amid elevated investor concerns related to developments on the domestic political front. Concerns.... Bonds Investors' unease with the recent political developments was fully reflected in the Greek
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