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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingbillion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous.... They have increased by more than seven times since then in the wake of PSI losses and sharp
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Lenders' proposal not yet enough to convince Athens, banish snap poll option
PoliticsGreek PoliticsEuropean director, Poul Thomsen, that Greek pensioners are better off than their German counterparts... of principle, rather than his previous insistence that it would not accept “a single euro” in new
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Greece near bottom of OECD rankings for spending on R&D
Societythan any other country on R&D (4.3 percent) followed by Korea (4.2 percent), Japan (3.5 percent... (1.7 percent) all spent greater proportions of their GDP on R&D than Greece. There was a general
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Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
EconomyMacroeconomywith a slightly higher goods’ deficit by 35 million that more than offset an improvement... bonds and T-Bills, which more than offset a drop in their foreign equity holdings
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomythan 5 years) debt made up 80.3 percent of total, while short-term (up to 1 year) and medium-term (1..., Greece’s cash deposits slipped by more than 200 million euros QoQ to 2.79 billion at the end of 2016
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyrate for amounts lower than 250,000 euros remained almost flat at 5.27 percent and that for amounts... in January, the corporate loan rates in the Greek market still stand more than 250 bps above
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The joke's on Greece
Agorain the wings before they even come to power. However, there is more to it than that. The low... embarrass his counterpart and give himself a boost than admit there is also culpability
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Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
EconomyMacroeconomyhirings stood at 138,242 in February and outpaced a total of 113,304 departures, of which more than half... employment made up less than 45 percent of the total figure.
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsagreement ahead of the April 7 Eurogroup rather than the one on March 20. Finance Ministry sources told... than the reduction of the tax-free threshold, each of which are currently slated to yield 1 percent
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Sceptical mood in SYRIZA, pending agreement with creditors
PoliticsGreek Politicsto evaluate the progress on reducing PPC’s market share will be in December, rather than June as had been... after reports that there was intense scepticism among more than 40 SYRIZA MPs who were briefed
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