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Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
EconomyMacroeconomyof the EU receipts dropped by 2 percent to 312 million. Euro area residents were the main contributor... million. The non-euro area EU28 spending came to 347 million, up by over 32 percent. Germany had... percent, while those outside of the EU dropped by 2.4 percent. Visitors from the euro area were up
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Moments to remember from the euro crisis
Agoraand executed left scars throughout the euro area. In the countries that had to succumb to adjustment... the euro area. Within this context, the role of the ECB and its presidents needs to be scrutinised... and today what counts is to abide by the rules, to have well-managed governance of the euro area
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the respective euro-area average rate of 1.56 percent in April, although the difference narrowed during... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturescard and electronic payments. The study titled “The use of cash by households in the euro area... surveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingthat will be led by the European Banking Authority (EBA) and will examine 35 significant euro area banks, which... a holding company. In Piraeus Bank’s preliminary summary ahead of their full 2019 results, the bank... as forthcoming legislative reforms. Alpha Alpha Bank is also holding roadshows in Paris and London this week
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Greece in 2014: The risks and opportunities of moving forward
Agoraarea as its 18th member. It thereby becomes the second Baltic state to join the eurozone after... area and will be the poorest country in the single currency zone (measured in terms of GDP-per-capita... structural reforms implied. Euro area membership for Latvia and the rotating EU presidency for Greece
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Coalition seeks to quash concerns about complications with Hellenikon development
PoliticsGreek PoliticsReports that the Culture Ministry has launched a bid to categorise almost the entire area... or archaeological discoveries that may hold up the redevelopment plan. However, the site being declared an area... of exaggerating the potential impact of its plan. According to the ministry, the area that the ministry
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What Dijsselbloem didn't say
Agorato the discussion about the eurozone since the crisis broke out in the single currency area. “The north... states. The idea of there being a higher and lower ground in the euro area has also fueled..., the euro area’s overall current account “stayed moderately positive,” never exceeding 1 percent
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Wolfgang at the door
Agorasuch a bleak time for the euro area, are the main reasons that Schaeuble is seen by some as having... members of the euro area over the last years. Economic benefits Since 2010, Greece, Portugal, Spain... area have (inadvertently) worked in Germany’s favour. In 2013, it was reported that Berlin had saved
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Greece expects evidence of Turkish willingness to talk as Maas visits Athens, Ankara
PoliticsForeign Policy, an area that is disputed by Turkey. Ankara’s decision last Sunday to extend for four more days, until..., Athens is conducting from Tuesday air force exercises over a large area stretching from south... that it will respond with military means to any Turkish move to conduct researches in the sea area south of Crete
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