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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomypercent in May, leading the 5-month figure slightly up by 0.7 percent to 5.85 billion, 144 million... above the target. Consumption taxes also surged by 43.7 percent in May, leading the 5-month figure up... in May. They edged up by 1.2 percent to 17.26 billion in the 5-month period, outperforming target by 773
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Tsipras aims for new alliances and EU changes after Brexit
PoliticsForeign Policywill clear up relatively swiftly but it is not at the forefront of the group of countries that are calling... in Brussels to stress the need for the EU to treat Brexit as a “wake-up call.” It is clear... Schaeuble has reportedly drawn up a post-Brexit plan that envisages stricter budget rules. Athens
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PASOK and Potami strengthen basis for cooperation
PoliticsGreek Politicssubscribe to have come up with their proposals. They revealed last Thursday that there had been..., healthcare, welfare, social security, environment & quality of life. The discussions leading up... he lost MP Haris Theoharis, who set up his own pro-reform movement this month, while a total of six
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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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