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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... landed at 797.52, more than offsetting the losses of 11.3 percent recorded in the previous week. All... strongly rebounded by more than 33 percent, reversing the losses of 17.7 percent posted in the previous
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyof competition was the key reason for the broadly unchanged rate. In 2012, there were more than 15 banks..., it remains more than double compared to the eurozone average rate of 0.88 percent and steadily above.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than
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Yes to the referendum, no to the way it's being held
Agorarealistic and constructive proposals for exiting the crisis rather than simply raging against elites... pernicious than its budget deficits, including citizens in the decision-making process is a welcome tonic... the referendum as a political exercise for his own benefit rather than that of all Greeks. Also, basing
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Tsipras has until Sunday to keep Greece in euro, must pass measures immediately
PoliticsGreek Politicsbe tougher than the ones on the table a couple of weeks ago. A third bailout would also be put... theoretically rejected by more than 61 percent of voters in Sunday's referendum. The two factors that might help... and that after Sunday's convincing result he is more powerful in domestic political terms than ever
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Car sales rise by 21.7 pct in June for fifth straight increase above 20 pct
EconomyMacroeconomyin the past four years (since May 2011). Passenger cars, up 22.1 percent to 11,040, make up more than 86... to around 83 percent of total. The Attica district registered more than 57 percent of the country’s... on the 2008 figure of 347,354. This mainly reflects a marked decline by more than 30 percent per annum
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Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingthe fourth largest bank in Bulgaria in terms of loans and deposits operating with more than 200... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... million in Q2. Its NP ratio is worse than Postbank at 26.7 percent in Q1, yet with a higher cash
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyat 135.6 billion and was posted in June 2012. The increase by more than 10 billion in June is largely... General Council for this period and reflects the extended deposits of more than 8 billion in that month... Parliament of all required commitments. The sharp rise in the ELA funding to more than 91 billion
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economypercent a decline by less than 50 percent. Just 4 percent of companies displayed a rise in their turnover... of the surveyed firms said they estimate capital controls will remain intact for more than 3 month. In particular, 44 percent see them remaining for more than 10 months and 29 percent for 4-10 months
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What the latest set of prior actions mean for home foreclosures
Economyprice of foreclosures’ auctions will be much lower than before (around 30 percent on average... limited at the moment and mainly involve large buildings rather than homes. Government sources said... euros and property value up to 200,000 euros, which are stricter than those proposed by the current
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No further damage for Tsipras in second vote as SYRIZA stand-off continues
PoliticsGreek Politicsabstaining and two not voting. This gave Tsipras one more “Yes” vote than last week. More... on her role, which is meant to be institutional rather than political, the parliamentary speaker... than Tsipras abandoning SYRIZA’s positions. Konstantopoulou did not give any indications in her speech
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