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  1. Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyBanking

    if a fifth of loans in the system remains in the red, at 20 percent Greece will be an outlier from... of loans would go into red. The main worries are loans of SMEs that are more immediately impacted... are currently in the red, along with 48.7 percent of consumer loans and 37.9 percent of business loans

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  2. Tsipras upbeat about funding deal but also mulls referendum in case of impasse
    Photo via Flickr

    PoliticsGreek Politics

    a referendum if the institutions force the government to cross some of its “red lines.” Tsipras... be needed if such a vote is called. 2. Red lines: Although Tsipras said he is hopeful that an agreement... on the government’s “red lines” as well as the government’s rosy fiscal forecasts underlines what

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  3. Newsletter 88 - 16/09/2016

    Newsletters

    if the four systemic banks have started to reverse the multi-year trend of continuously rising “red... private sector investors are prepared to pay for “red loans” and at what levels banks are willing... resolution, Greek SMEs will neither leave the burden of red loans behind them nor return as viable

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  4. A market for NPL resolution

    Agora

    of continuously rising “red loans” in their portfolios. NPE stocks reached a total of 115.54 billion... as bridging the gap between what private sector investors are prepared to pay for “red loans” and at what... in the financial engineering of NPL resolution, Greek SMEs will neither leave the burden of red loans behind them

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  5. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    The Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...

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  6. Greek trade deficit shrinks by 4.4 pct in October on back of strong exports

    EconomyMacroeconomy

    After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...

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  7. Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity

    Economy

    Greek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...

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  8. IMF sees contraction of 0.6 pct this year before strong rebound in 2017
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    The International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...

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  9. Wages index sees strong rebound of 4.6 pct in Q2

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...

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  10. Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
    Photo by MacroPolis

    EconomyMacroeconomy

    Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year. Stournar...

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