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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsthat the conclusion of the review has been put off for now, with the only other possibilities... 24. The Greek government has not taken well to its proposal for a corrective fiscal mechanism... for an emergency EU leaders’ summit to discuss the Greek issue. Calls to top European leaders are bound
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Are we taking Greeks' devotion to the euro for granted?
Agorathe Greek crisis, the instability caused by the momentous economic adjustment and political foolishness... about what the same surveys are saying about the current Greek mindset on these issues. Probably... on the subject by Greek polling firm Public Issue. A poll published in May indicated that 54 percent
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Flare-up between Athens and IMF fuels doubts over review breakthrough
PoliticsGreek Politicsreaction from the Greek government. Coalition spokesman Dimitris Tzanakopoulos accused the Fund... and making “spectacularly” wrong forecasts concerning the Greek economy in the past. All this makes for an uncomfortable stand-off between Athens and one if its key creditors just hours before discussions
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PMI rises to 49.3 in Dec but likelihood of growth remains slim
EconomyMacroeconomyfor the first time in 70 months. Although Greek manufacturing output fell for the fourth straight month... of weaker demand and instability of the Greek banking sector, according to the survey. However, the recorded.... Greek manufacturers reported a drop in their backlogs in December. This has been the case since July
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsand middle-income earners, not just business and the more well-off. If the Greek premier can argue... chiefs spent in Athens. The Greek government and the Fund seem opposed on the main matters... grade of the technical teams and will have to be resolved at a political level. The Greek prime
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingwhich completely transformed the Greek banking sector. Piraeus kicked off the M&A activity by absorbing...Greek banks reduced their branch network and employees in the domestic market further, according... percent in the number of branches and personnel in the Greek market, respectively, versus figures
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Unease grows as new round of Cyprus talks approaches
PoliticsForeign Policyoff the talks if there is no real progress the first three days. A UN source speaking to Cypriot... that both Greek Prime Minister Alexis Tsipras and Cyprus President Nicos Anastasiades secured the EU's..., was not objective or impartial.” They claim that Eide has not included in his proposed document the Greek
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Newsletter 125 -30/06/2017
kind of credit line. This claim will undoubtedly have set off the alarm bells among Greece’s lenders... not materialise is one of the reasons that the Greek public appears unimpressed by the June 15 Eurogroup... needs ratios “point to serious concerns regarding the sustainability of Greek public debt”. Along
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politicsa decision on the Greek programme on July 20, which is seen as a cut-off point if Athens is to tap... move that could prove timely if the Greek government decided to try to tap the markets in the coming... that Greek debt is not sustainable, reports have suggested over the last few days. A government official
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingoperations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million... The Greek non-performing exposure (NPE) stock was reduced for the fifth successive quarter by around... on the new Greek time deposits stands at 70 basis points (bps), while the total book is priced at 89 bps
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