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Greece could still leave euro, says Simitis, PM who engineered entry
PoliticsGreek Politicsof the Greek economy, public dissatisfaction in debtor and creditor countries and the unsustainability of Greek debt as three of the key reasons that the threat of a euro exit remains. Simitis ruled out the possibility of Greek public debt being reduced to 124 percent of GDP by 2020, as the country’s
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Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
EconomyMacroeconomyThe Bank of Greece (BoG) released on Thursday the much anticipated report on Greek banks’ capital... diagnostic. The capital needs of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus) stand... of the baseline scenario and are in line with the numbers recently reported by the Greek media
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Eurostat 2012 figures raise questions about Greece's tax policy
EconomyGreek tax revenue as a percentage of GDP rose to 33.7 percent in 2012 from 32.4 percent in 2011, according to data provided by Eurostat this week. Greek ratios remain well below both the eurozone... that the recorded increase of the Greek ratio in 2012 mostly reflects the denominator effect rather
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Does Greece need a third programme?
AgoraMerkel he highlighted that the Greek sovereign was able to successfully return to international... of Greece can be made permanent and irreversible. In order to strengthen the reform impetus in the Greek... Greek citizens and participating institutions. I propose five key reform areas: At the horizontal level
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Among euro area SMEs, Greeks face most problems with access to finance
EconomyAlmost one third of Greek small and medium-sized enterprises (SMEs) named “access to finance... – September 2014. The Greek SME rate (32 percent) is by far the highest in the eurozone, followed by Ireland...” was as a problem in their current situation, Greek SMEs rated it at 7 on a scale of 1-10. For other countries
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Coalition hopes it will have more than just Paris at the end of troika talks
PoliticsGreek PoliticsGreek government officials go into two days of talks with troika representatives in Paris... of the Greek programme has been frozen since September and the Paris talks represent a last chance... to MPs and voters at the end of the year. However, it is clear that the Greek government will have
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Where did all the money go?
Agorathat feeds a misleading narrative in which the loans were used to keep the Greek state afloat, maintain... allocation to the Greek state’s operating needs was just 11 percent of the total funding, at circa 27... restructuring at the very start of the Greek crisis. Roughly half of the financing was provided for debt
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Greece and eurozone reach tentative deal, much undecided
EconomyProgrammeredemptions this year related to Greek government bonds held by the Eurosystem maturing in July (3.5 billion) and August (3.2 billion). The Greek government has to submit until Monday, February 23 a first... be directed for the settlement of Greek banks’ non-performing loans. Commitments The Greek
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingdeposit cost, while loan NII slightly eased. It is noteworthy that Greek NII improved QoQ for the seventh... primarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from.... The decline fully reflects the Greek operations, where private and public sector deposits contracted
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Tsipras seeks tone of cooperation and persistence at Merkel talks
PoliticsGreek PoliticsA lengthy meeting between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel... audience. He became the first Greek prime minister to raise the issue of Second World War... scandal, which is another issue that no previous Greek leader has discussed in public in Germany. Tsipras
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