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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyGDP had contracted 0.5 percent QoQ. The headline figure is slightly better than Reuters poll... Following a softer than initially expected GDP contraction of 0.3 percent last year, Greece remained
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek Politicsin the near future (out of choice rather than to avoid suffering further damage) appears slim... in areas other than the negotiations with the lenders and the performance of the economy
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Net job hirings rise again, reaching 19,281 in July - highest since 2001
EconomyMacroeconomythan half (around 46 percent) of July hirings involve full-time employment, while around 39 percent relate to part-time and more than 15 percent to shift work. The share of men to total hirings
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economy, and have increased by more than 3 percentage points from the Q2 2015 figure of 18.4 percent... of 2016 stands 13.8 percent lower than the figure of 1.01 billion posted in the corresponding period
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyrespectively more than offsetting notable inflows of 1.13 billion in time deposits. The breakdown... of capital controls has resulted in inflows of less than 1 billion in the past two months. It should
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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomythe slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from... of more than 38.5 billion, while loan balances have dropped by 22.2 percent over the past 5.5 years
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Greek, Turkish foreign ministers hold informal talks as refugee crisis, Cyprus loom
PoliticsForeign Policyin recent weeks and Monday was the first day since April that more than 300 refugees arrived on Greek islands in less than 24 hours. Ankara continues to link visa liberalisation for Turkish citizens
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomywith the most notable increase for amounts less than 250,000 euros, where the rate climbed 50 bps... bps higher than the average euro area rates. In the household lending sector, a marked rise of 31
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. Gross loans slipped by more than 100 million euros QoQ to 66.19 billion, while deposits increased... formation of more than 500 million in H2.
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingon ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved... to be lower than the 1-billion euro mark. The combination of higher operating income coupled
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