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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomyand vested interests, according to the report. The reports stresses that the ratio of the Greek minimum... of structural reforms, which nonetheless remain a challenge, faster improvement in Greek banks... on the Greek budget. The report notes that, although not negligible, the pace of fiscal
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Tsipras travels to China hoping to fulfil ambition of closer Sino-Greek ties
PoliticsForeign PolicyEven before SYRIZA came to power, it was interested in improving Sino-Greek relations so Prime... projects and boosting the exports of Greek agricultural products to China. George Tsipras... become a hub of international commerce and a bridge between Asia and Europe, meaning the Greek government
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The state of play with Greek banks' liquidity
Economyof Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... for precautionary purposes and involved all four Greek systemic banks, although National Bank (NBG.... According to the latest available Bank of Greece (BoG) data, Greek banks posted deposit outflows of 4.2
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammenot be contingent upon approval by the Eurogroup or ESM, nor on Athens meeting certain conditions...The clarity that the Greek government had hoped might emerge from the discussions at the sidelines... to Greece after the end of the bailout in August. The Greek media reported that during
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingeuros QoQ, out of which 16.7 million represents a one-off effect of the retrospective application... the suspension of the waiver programme, with the bank substituting Greek Government bonds and Treasury... their Greek peers. Furthermore, the fully-loaded Basel III CET1 ratio stood at 15.5 percent in June, taking
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Learning the lessons of Greece's toxic decade
AgoraIn a recent opinion poll by MRB, those surveyed were asked who they would like to see as next Greek.... He famously claimed at the time that the Greek economy was “fortified” against shocks even though... of whether Greek society is emerging from this experience any wiser, the fact that one in four Greeks
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Managing an orderly Greek exit from the memorandum
Agoraconditions set by the ECB in Frankfurt. The ECB has drawn attention to the fact that Greek banks cannot... to the Greek authorities. The European part of the programme expires end-2014, while the last disbursement... in the eurozone will come with strings attached for Greek and Cypriot banks. More specifically
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Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomywere arrivals by land. Tourism remains a main pillar of the Greek economy, generating close to a fifth... that the year already surpassed arrival predictions. In particular, the balance of travel services came... down by 4.6 percent to 2,562. Record year The Greek Tourism Confederation’s (SETE) annual outlook had
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Lenders agree new loan disbursement, piecemeal approach to debt relief
PoliticsGreek Politicsthe Eurogroup. The funds for reducing arrears will also be contingent upon the Greek state managing to pay off its suppliers and others it owes money to. The money that will go towards covering debt... to the International Monetary Fund remaining involved in the Greek programme. Regarding the disbursement
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New minister sets out plan for addressing migration challenges
PoliticsGreek PoliticsThe Greek government is hoping that the creation of new, closed reception centres for migrants... of the government’s approach. New Democracy is desperate to find a blend of policies that will appease the Greek... organisations.” However, for these returns to happen, the Greek asylum system will have to produce quicker
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