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Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
EconomyMacroeconomyDecember 2014 to more than 88 billion currently, reflects: 1) Replacement of ECB with ELA funding
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As Greek deadline looms, this is how the next days could play out
EconomyProgrammeis a “a political decision” rather than one to do with liquidity. He said that Greece paid 300
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Deposit outflows eased to 3.86 bln in May, balance below 130 bln
EconomyMacroeconomy. The rise by more than 8 billion of the ELA cap within June implies a similar amount of deposit outflows
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Tsipras opts for referendum, leaving many issues open
PoliticsGreek Politicsthan 50 percent of Greeks were in favour of Tsipras accepting a deal with lenders, even if it meant
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomy– to fall even faster than May” Markit noted.
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S&P lowers Greek long-term rating by one notch to CCC-
Economyseveral times throughout this year, a significant development could trigger a rating action earlier than
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyand 0.7 percent MoM. Over the past six years, retail trade has fallen by more than 28 percent mainly
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeof Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8
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Between Scylla and Charybdis
AgoraHere we are again, just over five years of the anniversary of the country’s first programme and more than 210 billion euros of financing later, Greece is about to hold the referendum that machinations and backroom dealings averted back in 2011. Essentially, the moment Alexis Tsipras decided to call
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Tsipras wins referendum but sceptical lenders, limited time stand in way of deal
PoliticsGreek Politicsenough liquidity to last them for more than two days. This is probably one of the reasons that Tsipras
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