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Greece eyes temporary solution to liquidity problem from Brussels Group talks
PoliticsGreek Politicsthat there has been progress in talks between Greece and creditors, thereby freeing up the ECB... surplus targets for this year. The government believes that Greece could achieve growth of up to 1.4... of GDP is achievable, creditors think up to 3 billion euros of new measures (corresponding to 1.7 percent
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyThe interest rate on households’ new time deposits edged up by 2 basis points (bps) to 1.83 percent... on the average rate on new deposits, which edged up by 1 bps to 1.13 percent in March... on loans for amounts up to 250,000 euros rose by 7 bps to 6.13 percent, while that for amounts above
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This is how Greece kept its budget on track in Q1
Agoraof tax arrears in up to 100 installments. According to a Finance Ministry announcement, revenues from... of the schme. Summing up, April revenues are expected to be boosted by 667 million euros..., this specific item was 648 million better than target, making up 55 percent of the total primary expenditure
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How Greek banks can balance on the collateral tightrope
Agoraeuros by the end of April. At the same time, their ECB funding, almost entirely made up by EFSF... percent for T-Bills to 20-30 percent for pillar II and III bonds and up to 50-55 percent for loans... of up to 45 billion euros, of which 30 billion would stem from pillar II bonds and 15 billion from
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Waiting for the hurricane
Agora, be swept up by the hurricane? The information coming out of Brussels over the last few days... the Civil War and the military junta) to be in power and will not give up its position in government... in the collection of taxes, speeding up the justice system, making the public administration more
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PASOK prepares to change leader but perhaps not its fortune
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/03/10/venizelos_1000_myrto_1003--2-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
PoliticsGreek Politicsnot be willing to prop up the current government if it loses its majority. He also said PASOK would... just 0.48 percent of the vote, despite teaming up with the Ecologist Greens. Theocharopoulos, who... said that he favours cooperation with other parties. This comment seems to open up the possibility
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Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomyfor the 5-month period shows tax debt amounted to 5.23 billion up by 0.7 percent year on year... that effective new tax debt makes up 61.6 percent of new tax arrears from 44.5 percent in January when... up to 77.88 billion at the end of May, implying a rise by 4.09 billion in the 5-month period
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The Greeks deserved better than this
Agora. This was the result of a serial lack of trust, built up over the last few years, SYRIZA’s amateur... of Greeks were just fed up with New Democracy and PASOK and the diet of austerity measures they had served up since 2010, without being able to make people feel that the country was turning
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What capital controls will mean for Greek banks, customers and the economy
Economy, the only banking transactions that will be allowed are: · Cash withdrawals from ATMs up to the limit of 60... of up to 840 million euros. · Transactions with credit or debit cards without any new restriction other... onshore i.e. credit of accounts held within Greece. · Transactions via prepaid cards up to the limit
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Bank holiday to end but capital controls remain and some transactions forbidden
Economy, money not withdrawn in one or more days may be withdrawn in one go per week (up to 420 euros per... cards abroad is allowed only for goods or services purchases without cash and up to the limit set... bank account. · Hospital expenses abroad are allowed up to 2,000 euros in cash for one escort, while
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