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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomy. ELA funding stood at 43.15 billion euros in February up from 42.81 billion in January, which... recorded a cumulative drop of 64.69 billion, of which more than two thirds (43.62 billion) relates... to a further shift of the total mix towards ELA funding, which made up 69.7 percent of the total figure
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Travel receipts fall by another 3.1 pct in Feb on lower spending
EconomyMacroeconomyfrom just 6.3 million a year ago. The decline in revenues is attributed to a drop in the average... by 27.7 percent. Overall, arrivals from EU countries edged up 2.2 percent to 575,100, while those... receipts from the EU edged up 1 percent to 168 million, while those from non-EU countries fell
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Greeks most sceptical in EU about country's future, their voice counting in Europe
Society(76 percent) of Greeks are dissatisfied with “the way democracy works in the EU”, up six points... states – agreed that their country’s voice matters in the EU, representing a drop of 14 points... good for Greece, 34 percent of Greeks agree that it has, 32 percent that it hasn’t (both up three
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomymanagers was not a major concern for Greek SMEs. Though the rate edged up close to 6 percent... continued to report the highest need for bank loans at 31 percent, up from 26 percent previously... period ending in March 2016. The survey also showed that Greek SMEs continued to record a drop
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Greeks tending to shop less often and opt for local products
Societyper month. Of those surveyed, 59 percent said they shop up to six times in a month. During these visits, 70.7 percent of respondents said they spend up to 50 euros on each visit. 23.1 percent 51-100... per trip comes to 50.4 euros. Despite a drop in the frequency of visits, this figure was close
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBanking-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... million in the Greek market. The Common Equity Tier 1 (CET1) ratio edged up by 10 bps to 17.2 percent... value of its Greek government bonds (GGBs) stood at 2.3 billion in May, up from 2.1 billion in March
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Compliance report looks at programme financing, arrears clearance and 2016 performance
EconomyProgrammebe financed through the programme. A cash buffer of 9 billion must also be built up by August 2018... were reduced by 2.02 billion followed by a drop in unprocessed tax refunds by 916 million over... is for the current stock of arrears to be eliminated by the end of the programme, of which up to 3.1
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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek Politicsmomentum built up since the June 15 Eurogroup agreement. Nevertheless, Greek bond yields have continued to drop, with the 10-year bond yield hitting 5.1 percent on Monday. This suggests... is not letting up in its efforts and Justice Minister labelled the appeals court decision on Monday
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Disposable income edges down 0.1 pct in Q1
EconomyMacroeconomyedging up by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data... contributions and benefits almost offset by a drop in taxes. Since 2010, disposable income has been reduced... that the employees’ total remuneration edged up by 0.2 percent in Q1 after a decrease of 0.3 percent
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24... (by 299 million). At the same time, interest payments edged up 1.4 percent to 3.53 billion
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