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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. The latest decline marks... billion euros. Since the start of the year, Eurosystem funding has declined by around 21.04 billion... funding has been steadily falling, with the latest reduction coming on July 26, when the ECB announced
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Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomymonths where the reading has remained above the 100-point mark, though it is the lowest since March this year, when the index came to 99.8. Compared to September 2017, the ESI has risen by 0.7 points. Consumer confidence rose by 2.9 points to -44.9. Year-on-year, consumer confidence has improved
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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsthe bank’s balance sheet and enhance its capital base. The bank has made significant progress on all... and downward price revisions for all systemic banks. Another factor that has affected investors’ stance..., by 2021. While the more aggressive approach to NPL reduction is seen as positive move, it has also
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Kammenos deviation raises more questions about coalition's endurance
PoliticsGreek Politicsnot represent government policy, which has centred on extending the agreement for the US to use the Souda Bay naval base in Crete. It should be noted that Washington has also not shown an interest... minister has mainly been dismissed by the opposition parties as another piece of political theatre
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Amid coalition bickering, Skopje vote lights up path to snap elections in Greece
PoliticsGreek PoliticsDefence Minister Panos Kammenos has vowed to stick with the government until the Prespes Agreement.... In Skopje, Parliament still has to hold two more votes regarding the changes that have to be made... whether the prime minister actually exercises any influence over his governing partner. Tsipras has
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Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
EconomyMacroeconomy, European Commission (EC) figures revealed on Tuesday. Sentiment has stayed above the 100-point mark... the index came to 99.8. Compared to October 2017, the ESI has risen by 2.5 points. Consumer confidence rose strongly by 6.6 points to -38.3. Year-on-year, consumer confidence has improved by 15.4 points
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Coalition's role in freight terminal contract, public broadcaster under attack
PoliticsGreek Politicsfor the lower lump-sum. Public broadcaster Another issue over which the government has received much... failed. The public has mostly turned its back on the broadcaster, which has poor ratings, and there have... and safeguard ERT’s independence has been a black mark against the party, which was highly critical
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Unemployment at 18.9 pct in August, unemployed remain under 1 mln
EconomyMacroeconomypercent. August’s figure marks the fifth consecutive month that unemployment has remained under 20 percent and the first time since August 2011 that it has dropped under 19 percent. During the month... million people, marking the fourth time that the figure has exceeded 3.8 million since February 2012
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign PolicyTension between Greece and Turkey has been relatively high over the last couple of weeks due to developments related to hydrocarbon research in the Eastern Mediterranean. Even though Athens has not detected any so-called “provocations” from Turkey over Aegean-related issues, it has noticed
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ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts
EconomyMacroeconomy, European Commission (EC) figures revealed on Thursday. Sentiment has stayed above the 100-point mark... a score of 96.8 was noted for November. Compared to November 2017, the ESI has risen by 3.2 points. Consumer confidence rose by 2.5 points to -35.8. Year-on-year, consumer confidence has improved by 18
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