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ECB results light up path for Greek coalition's bailout exit plan
PoliticsGreek PoliticsAfter a series of knock-backs in recent weeks, the coalition received its first boost for some time on Sunday when the European Central Bank’s stress tests revealed that Greeks lenders could need as little as 18 million euros in new capital. The figure is infinitely lower than the one being
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Greece continues to edge up in "ease of doing business" rankings despite persistent problems
Economyhighlights that Greece retains one of the highest numbers of limitations (7) to freedom of contracts
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Greek retail turnover advanced for the third straight month, 4.5 pct in August
EconomyMacroeconomypercent, while volume rose by 2.4 percent. One sector, department stores (-10.8 percent), exhibited
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No prospect of compromise for entrenched Greek parties
PoliticsGreek Politicsindicates that SYRIZA maintains a lead of more than 10 percentage points over New Democracy. Only one
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Greek coalition left with bailout exit conditions it wanted to avoid
PoliticsGreek Politicsshould be. One other aspect of the current loose agreement appears to be the abandonment, at least
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed to the recognition of additional deferred tax asset (DTA), which was mitigated by a broadly similar
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Developments in Greece produce volatile market reaction
EconomyThe Greek stock market plunged 5.38 percent on Friday in the aftermath of the Eurogroup’s indication that it would support a precautionary credit line for Greece in the form of an Enhanced Conditions Credit Line (ECCL). As a result, the Athens Stocks Exchange (ASE) general index lost in just one
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyyear on year (YoY) and 0.9 percent MoM. From the 12 main groups of goods and services, only one
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Rate of drop in building activity increases to 19.9 pct in August
EconomyMacroeconomypercent. Building activity is one of the sectors mostly hit by the crisis with building permits slumping
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Among euro area SMEs, Greeks face most problems with access to finance
EconomyAlmost one third of Greek small and medium-sized enterprises (SMEs) named “access to finance” as the most pressing problem, according to an ECB survey on this subject conducted between April – September 2014. The Greek SME rate (32 percent) is by far the highest in the eurozone, followed by Ireland
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