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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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The demand for Greek debt relief: Is the cart being put before the horse?
AgoraThe focus of economic debates during this electoral campaign in Greece has tended to converge on one issue: Is the country’s accumulated public debt sustainable or does it need to be restructured for a second time after the PSI of 2012? Domestic and int...
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyThe Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros in 2014 from deficit of 884 million in 2013, according to the gg bulletin published by the Ministry of Finance (MoF) on Friday. However, the end-year figure of...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Athens, lenders trying to put last pieces in place for technical agreement
EconomyProgrammeWith all indications suggesting that the Greek government and the institutions are close to reaching an agreement at technical level, there has been much speculation about how several issues that were proving contentious until recently have been, or wil...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...
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Review demands put spotlight on Greek banks
EconomyBankingGreek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carrie...
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Mitsotakis starts to put New Democracy on election footing
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has told his party to start preparing for general elections in the near future and has described the upcoming vote as a moment for “catharsis and rebooting.” Speaking to his shadow cabinet on Wednesday, Mitsotaki...
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Mixed messages on foreign policy put coalition under pressure
PoliticsGreek PoliticsThe coalition is coming under pressure over apparent differences within the government over how to deal with the increasing friction with Turkey. Defence Ministry leaks suggested that tracer fire was used by Greek forces after a Turkish military helicop...
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Turkish elections put Athens on alert as name talks reach crucial juncture
PoliticsForeign PolicyA crucial two months for Greek–Turkish relations is underway ahead of the early parliamentary and presidential elections in Turkey on June 24. Athens is monitoring political developments across the Aegean with concern as it expects President Recep Tayyi...
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