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A return to capital markets for Greek banks but no return to domestic lending
AgoraIn the future we may look back on the past two weeks as a watershed moment for Greek banks following the onset of the twin financial and sovereign debt crisis in 2009. After extensive and well... of confidence from foreign investors, with yields in excess of 5 per cent and a hefty discount for new
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Does return to markets signal end of Greek crisis? The perils of ignoring macro-economic fundamentals
Agoraover the past weeks. Wherever Greek bankers have appeared on international road shows in the US and UK... the Hellenic Statistical Agency (ELSTAT), turnover of Greece’s retail trade index fell by 4.3 per
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Don't let the facts get in the way of "Argentinology"
Agorathat forced the de la Rua government to resign. After four interim presidents in two weeks and ongoing... the figure of 2000. By July 2002, the peso had collapsed to 26 cents per peso from parity just a few
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Greece sets out plans for settling SME NPLs; mortgages to come
Economyare up to 500,000 euros per SME qualify for the scheme. The applied haircut would exceed 50 percent... by the incoming Development Minister Kostas Skrekas in the coming weeks. However it remains unclear
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Newsletter 4 - 21/11/2014
months of this year, a rate of less than 150 million per month. The 2015 budget tabled in parliament..., underlining the struggle it faces over the next few weeks. Industrial Turnover Index up 1.8 pct Τhe
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyGreece and its lenders appear to be progressing towards a deal after weeks of deliberations and disagreement, with Athens having reportedly agreed on a set of fiscal measures. A joint statement... ranging between 1 to 5 euros per day for hotels with three stars or more or a tax rate between 3 to 5
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Athens Stock Exchange ends week on a low, banks lose 9.7 pct
Economyextended to 6.5 percent. Following three weeks of outperformance, banks significantly underperformed... General Meeting of Hellenic Exchanges approved on Wednesday a capital return of 0.11 euros per share
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Greek stocks down by 11.3 pct for biggest weekly fall of last month
EconomyGreek stocks recorded losses of 11.3 percent this week, which is the highest over the past four weeks. The negative performance fully reflects the drop in the first three sessions of the week... approved on Friday a dividend distribution of 0.15 euros per share and a capital return of a similar
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammecontrols’ legislative decree, the daily withdrawal limit from the ATMs was set at 60 euros per card... in the next two weeks. However, the bank holiday coupled with the imposition of capital controls has also
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economy(at 60 euros per depositor) had a high or very high impact on 46 percent of companies with one third.... In addition, 23 percent anticipate they will last for 1-3 months and just 4 percent for 2-3 weeks
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