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Greece: How events could unfold over the next few weeks
PoliticsGreek Politicsor at a subsequent emergency Eurogroup meeting (the next one scheduled is June 18) and the other that the various... banks. Technically, Greece’s bailout extension lasts until the end of June so there is no reason... that a compromise could be reached by the end of June, the ECB may continue to provide liquidity
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
Economyis down 9.3 percent since the beginning of June, Bank shares followed a volatile performance plummeting... their Annual General Meetings (AGM) on June 21, EYDAP on June 22, Hellenic Telecom (OTE) on June 23, Folli-Follie and Ellaktor on June 24. In addition, OPAP share trades ex-dividend of 0.57 euros per share
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomy. The monthly balance figure also remained positive at 101 million euros in June but more than halved... half of this year from 1.85 billion in the corresponding period last year. In addition, June’s... to that in expenditure. Ordinary budget revenues climbed by 24.4 percent in June leading the 6-month
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Compliance report looks at programme financing, arrears clearance and 2016 performance
EconomyProgramme. The second tranche of 10.3 billion was approved in June 2016 and was split into two sub-tranches disbursed in June and October 2016. Out of this amount, 6.8 billion covered debt servicing and 3.5 billion... of the programme (between June 2017 and August 2018) Greece would need to cover 18.9 billion euros
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Net job hirings reach 40,599 in six-month
EconomyMacroeconomyThe employment balance stayed positive in June 2017 with net hirings climbing by around 55,600... on Friday. June represents the fifth month in a row with positive net growth in the job market., albeit... of part-time or shift work in the Greek job market. The percentage for June last year was 44.3 percent
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Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
EconomyMacroeconomybudget execution bulletin showed on Friday. The six-month primary surplus for June beat target... in June from 114 million in May. Furthermore, the budget balance in the first half of the year posted... by 8.4 percent in June, after rebounding by 7.9 percent in May, and came to 3.70 billion. This remains
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBanking”. It is worth noting that the bank overshot the June NPE target by 100 million. Overall, the NPE ratio... in June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved... QoQ to 15 billion in June and by another 2.5 billion euros until August. Specifically, the Emergency
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Two weeks left for Athens to settle last remaining prior actions
EconomyProgrammeThursday, June 14, is widely seen as the date by which the Greek government needs to have completed.... This will come in the form of a multi-bill, which will be submitted to Parliament in early June so the legislative process can be wrapped up by June 14. Speaking to reporters on Tuesday, parliamentary
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyis usually between June and September, appear to be faltering according to the latest data. Greece began... to the latest complete data set from AIA, international passenger traffic were down by 93 percent in June..., confirming that there has been a steady increase in numbers this month compared to June. Thirty
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Court ruling on pension backpay creates dilemma for PM
PoliticsGreek Politicsup to 2012 and for the 11-month period between the court’s prior ruling in June 2015 and the so... different periods are hence settled: The 2012-2015 period for those who appealed before June 2015, the eleven months of June 2015 and May 2016, and those claims after June 2016 that have no entitlements
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