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  1. Building activity suffers larger drop of 30.9 pct in November

    EconomyMacroeconomy

    regions posted a double digit decline. During the Greek crisis, building permits plummeted 75 percent... in the ECB comprehensive assessment for Greek banks, also point a drop of 3.7 percent in 2015 and 1.2... is mainly attributed to oversupply coupled with lack of demand, tight credit conditions and significant

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  2. General gov't primary surplus shrinks to 419 mln in January

    EconomyMacroeconomy

    (ELA) bank guarantees. Both movements reflect the tight liquidity conditions of Greek banks...The Greek general government (gg) primary cash balance showed the surplus shrinking to 419 million euros in January 2015, much lower than the 1.88 billion euros posted in January 2014, according

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  3. Building activity declines at slower rate of 6.4 pct in Dec

    EconomyMacroeconomy

    of the Greek crisis, building permits plunged by almost 80 percent to 13,383 in 2014 from 65,474... percent in 2012. In the ECB comprehensive assessment for Greek banks, the official forecasts see a further... conditions and significant increase in the tax burden on real estate property. Housing loans, which are also

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  4. Greece: The moment of truth is inexorably approaching

    Agora

    The Greek government faces a dire financial situation in the coming weeks, especially as lenders are unlikely to relent on the conditions of last month’s loan extension. In fact, Tsipras’ insistence... of the eurozone (the Greek public is still largely pro-euro), and the government would implode well before any

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  5. Drop in building permits accelerates to 7.1 pct in Jan

    EconomyMacroeconomy

    The drop in Greek building permits slightly accelerated to 7.1 percent in January from 6.4 percent.... In the ECB comprehensive assessment for Greek banks conducted last October, the official forecasts were..., banks’ restrained liquidity conditions and significant rise in the tax burden on real estate

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  6. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    and reflect: a) The tight liquidity conditions of Greek banks with extended outflows of 24.6 billion in the December-February period b) The lift of the waiver (by the ECB as of February 11) of Greek government

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  7. Tsipras steps in amid concern deal with lenders slipping away
    Photo by MacroPolis

    PoliticsGreek Politics

    telephone call between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel... — MacroPolis (@MacroPolis_gr) April 26, 2015 Tsipras is due to appear on a Greek political talk show... the conditions are in place for funding to be released following the next finance ministers’ gathering on May

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  8. Building activity up by 10.2 pct in Feb for biggest rise since Nov 2013

    EconomyMacroeconomy

    Greek building permits rebounded by 10.2 percent in February after a 7.1 percent drop in January... to the official forecasts incorporated in the ECB’s comprehensive assessment for Greek banks conducted... conditions as well as a significant rise in the tax burden on real estate property. Housing loans, which

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  9. S&P moves Greece down a notch to CCC, maintains recession forecast

    Economy

    a turnaround in the trajectory of nominal GDP and deep public-sector reform, S&P views the Greek debt... creditor disbursements remain elusive meaning that the Greek government would not be able to honor all its... its rating at the current level if the policy conditions of the new financial support programme

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  10. Bank of Greece warns of dangers in failure to reach deal with lenders
    Photo by MacroPolis

    EconomyMacroeconomy

    its belief that it is of paramount importance that the Greek government conclude an agreement... be reviewed. 6) Effective management of Greek banks’ non-performing loans (NPLs), while changes... on the evidence so far, BoG thinks a compromise has already been reached on the main conditions

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