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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement
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Two hurdles left for coalition this year before bigger challenges in 2014
PoliticsGreek Politicsthe potentially bigger political challenges that lie ahead in 2014, when Greeks will vote in European
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Q3 unemployment in Greece still at 27 pct despite strong tourism season
EconomyMacroeconomypercent in 2014. The European Commission’s latest forecasts see the headline rate of 27 percent
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Why tax evasion threatens to become endemic due to how Cyprus was bailed out
Agorais an economic historian at the European University Cyprus. For his analysis of economics and politics
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Coalition wins crucial votes but at a price as SYRIZA leads polls
PoliticsGreek Politicsfiscal measures, may be needed next year. Beyond that, there is the issue of the local and European
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DIMAR faces struggle to survive in 2014, a year of elections
PoliticsGreek PoliticsThe New Year has at least two elections in store (local and European) for Greece, while the possibility of a third ballot (national) cannot be ruled out. In these circumstances, the role of Greece’s smaller parties – the ones that could act as future coalition partners – is crucial. Democratic Left
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy’ Eurosystem funding (the combined liquidity they have received from the European Central Bank
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Unemployment hit new high of 27.8 pct in October, set to rise further
EconomyMacroeconomyGreece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, rose by 2.92 billion euros in December, according to the BoG’s 2013 annual accounts. The hike in December
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economyto 8 percent (i.e. in line with that of European peers) compared to the 9 percent applied last year
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