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Athens Stock Exchange ends week on a low, banks lose 9.7 pct
Economygovernment’s decision to bundle June payments to the IMF into one at the end of the month... above the 100-million mark. The previous week, excluding the one-off impact from the MSCI and FTSE... reflecting some one-off items. Turnover improved by 29.2 percent to 46 million, while EBITDA showed
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S&P moves Greece down a notch to CCC, maintains recession forecast
EconomyS&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where... by three notches to ‘CCC’ on March 27, whilst Moody’s cut the country’s rating by one notch to ‘Caa2’ (equivalent to ‘CCC’) one month later on April 29. The next scheduled rating reviews are on July 31
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomy). It should be noted though that last year’s figure included one-off revenues of 1.31 billion related to the payment of preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates an one... to 16.29 billion. Excluding the one-off items from periods, the adjusted figures show a more moderate
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Why doesn't Tsipras just cut defence spending?
Agoraunconstitutional in 2014. This also serves as a reminder that the institutions are not looking for one... as a structural measure that produces a permanent spending cut. One of the reasons that Tsipras chose... vision of a strong military does not come cheaply. One of his first moves as defence minister
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Greek ministers prepare Israel visits in bid to further relations
PoliticsForeign Policyhave emerged so far. Preparation for the summit was one of the main issues Kotzias discussed with his... is undoubtedly one of Athens' main interests. The cooperation between Cyprus and Israel in this field.... Israel's interest in the Greek defence industry could be one of the topics on the agenda.
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Tsipras has until Sunday to keep Greece in euro, must pass measures immediately
PoliticsGreek Politicsthere would be two meetings on Sunday, one involving just euro area countries and the other including... insisted that the Greek government wanted a deal and would work quickly to achieve one by the end... him in this process are that debt relief will become part of the agreement in one form or the other
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Between heaven and hell
Agoracalmly is an incredible sight. The one thing that is immediately noticeable is the silence. Few people... have to plan your week around visits to the ATM. One visit may not be enough to pay a bill or to cover the shopping costs for a week so those chores have to be put off until the next day, or the one
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Cash primary surplus reaches 1.3 bln at end of June on lower expenditure
EconomyMacroeconomyof preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates one-off revenue... one-off items from both years, we get an adjusted primary cash surplus of 747 million for the first... cash revenues fell by 12.8 percent to 19.11 billion. Excluding the one-off items from both periods
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On the Greek crisis and German imbalances
Agoraand of German economic moralism demonizing one side of the trade flows equation, it is generally accepted... downwards even more to attain competitiveness. One can safely assume that another US economist, Paul... off to try to reform within the eurozone than outside it. One failure of the current Greek
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Bank recap and NPL management create conundrum in bailout talks
Economyindicate it would be similar to the one conducted in 2012, with the participation of private shareholders... identifies capital shortfalls for one or more significant institutions, these may be covered by the capital... of consumer loans, one-third of corporate loans and 28.6 percent of housing loans are NPLs. According
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