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Another big drop for building activity, which fell by 35.3 pct in January
EconomyMacroeconomyactivity sector has been one of the most prominent in the Greek economy during the crisis. The number... of credit contraction in the housing sector has been hovering between 3.1 and 3.7 percent... credit expansion is hiking non-performing loans ratio, which has soared to 25.8 percent at the end
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New Democracy and SYRIZA draw battle lines for European elections
PoliticsGreek Politicsattack in 2008 and has become a symbol for workers’ rights. The variety of professions represented... by PASOK and other smaller parties, announced its candidates last month and has stressed that 90... party led by journalist Stavros Theodorakis has clearly had an impact on Greece's mainstream parties
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingthe market, of which 4.03 has already been covered if we include Eurobank’s anchor investor offer... to institutional and other eligible investors. NBG also noted the BoG has already approved other capital... will be most likely close to the market price. The market has to a large extent discounted the board’s
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Tension builds in Greek coalition and with SYRIZA as elections near
PoliticsGreek Politicsthe banner of the centre left Olive Tree alliance, the socialist party has become sensitive to any.... It also seemed a personal affront to Venizelos, who is a constitutional expert. While there has... has not just been limited to the coalition, though. A new round of verbal jousting between New
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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomyto 1.4 percent in 2014. On sovereign liquidity, Fitch notes that the near-term risk has fallen, yet.... Fitch stresses that although the current administration has displayed greater ownership.... The rating agency also stresses that there has been a notable wage and price adjustment
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Greek elections as seen (or imagined) from Berlin
Agorathe course of the past two years a steady line of communication has been established and nurtured... sister party in Germany, Die Linke. Tsipras has visited Berlin on various occasions, even meeting... to pose dilemmas. Ahead of Sunday’s vote he has been made aware of new challenges in Athens, which were
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EU elections do not mark end of numbers game in Greek politics
PoliticsGreek Politicselections, even though SYRIZA has made a formal request for the country to go to the polls soon. Less.... The coalition, though, has responded negatively and is instead trying to bolster its defences after... Democracy has made it known it is not in favour. It is more likely that after a brief period during
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingto this the network in Greece has been reduced by 33 percent YoY to 903 units and the headcount by 14 percent to 16.4 thousand employees. In addition, the bank stated it has secured so far 64 percent... million, has incurred. Gross loans fell 3.3 percent QoQ to 73.6 billion. Adjusting for the seasonal
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeloan tranches for Greece totalling 3.41 billion euros. The report underscores that Greece has gone... percentage point (pp) each. In addition, lower privatisation has increased the projected debt ratio by 0.4... has been primarily achieved through shrinking imports. The IMF stresses that exports excluding oil
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BoG sees encouraging signs for Greek economy but warns on reforms
Economythis year. On the former, the BoG indicates that business confidence has strengthened with firms... of the public sector with particular focus on areas where progress has been rather poor so far... their capital plans to cover their capital needs determined under the adverse scenario. The BoG has
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