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Greece's public healthcare in a muddled and troubled state
EconomyFeaturessupply contracts, with Greek hospitals paying up to three or four times for medicines compared... up with their European neighbours. The result was a boom in private healthcare and that Greeks now... system was cut and hospitals were forced to slash their budgets by almost 50 percent. Data from ELSTAT up
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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankinghave been restructured with net loans now making up 53.5 percent of assets from two-thirds in 2010...), manufacturing (51.7 percent) and trade (48.5 percent). The BoG said that the NPE ratio further edged up... with the value of card transactions reaching 53.2 billion euros, up 12 percent from last year. However
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Apart from bailout review, plenty to keep Tsipras busy in autumn
PoliticsGreek Politics, the SYRIZA leader has a lot of ground to make up after infuriating so many of his European colleagues last... personally within the party and what kind of support the 53 can drum up. The 53 do not present the same.... Tsipras has indicated he wants to open SYRIZA up to politicians from other parts of the left
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Tsipras puts proposals to socialist leaders, resumes bailout talks ahead of review
PoliticsGreek Politicsin recent weeks (at least since Moscovici visited Athens on July 18) and signals the ramping up.... The lenders have not yet made their position completely clear. Another issue high up on Greece’s... the Greek government not to bring up this issue right now. He implied that this would rattle some
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyof the Athens Stock Exchange ended up at 582.13 on Friday, its highest reading since June 23. Over the past... to the previous week, the top gainers this week involved the four core banks with Eurobank up 22.7 percent..., the trading activity picked up in Wednesday, when the daily turnover jumped to 86 million euros, its
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A closer look at the composition of Greece's bad loans
EconomyBankingratio edged up to 45.1 percent at the end of March 2016, mostly on the back of loan deleveraging... that restructuring and settlements are largely short-term (up to two years) and mostly involve corporate and housing loans. Short-term settlements of mortgages made up 90 percent of total settlements
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingeuros at the end of 2015 making up just 1.1 percent of the five Greek banking groups’ assets. Its... share of 1.5 percent. The loan breakdown shows corporate loans make up 71.9 percent of total, while... of 871 employees, which makes up 2 percent of the Greek banking personnel. In 2015, Attica posted
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Athens chided over asylum process but complex set of obstacles in way
PoliticsGreek PoliticsService, asylum applications in August were 221 percent up on the monthly average last year. Less... or if there is pressure is being put on Athens to curtail the asylum process and speed up returns. The problem... for Europe Nikos Xydakis claims that Greece had been offered up to 400 officers from the European
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomybillion in September with the 9-month figure up 10.8 percent to 34.85 billion. The monthly figure is the highest reading so far this year. The reported expenditure edged up 1.1 percent to 3.77 billion... by 9.4 percent and expenditure edging up 1.5 percent. It is worth noting that budget execution
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Tsipras in Brussels prep for Obama trip
PoliticsGreek PoliticsAngela Merkel. The one-on-ones were set up as the European Union worries in private but publicly ignores... not hold for much longer. Athens will renew its plea to speed up refugee relocation to EU countries... political spat with conservatives who are leading opinion polls. And bailout monitors held up their arrival
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