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Alexis's choice
Agorathat he prefers the option of agreeing with lenders rather than being left in limbo, or worse. Securing... that less than six months ago, his predecessor Antonis Samaras was unwilling – or not able – to pass... come to less than 200 euros per month. Once Tsipras and his party go behind closed doors to mull
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Greece and Albania at loggerheads over hydrocarbons research in Ionian
PoliticsGreek Politicsit would be easier to begin hydrocarbon exploration in the Ionian Sea rather than in the Aegean... than maintaining good neighbourly relations. Greek Foreign Ministry spokesman Konstantinos Koutras... hardening its stance and going much further than criticising Rama’s comments. Prime Minister Alexis Tsipras
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomy. Back in 2012, there were more than 15 banks in the Greek market with the smaller ones markedly... higher than 1 million euros remained almost stable at 4.98 percent. Greek corporate lending rates stand 300-400 bps higher than the respective eurozone average figures. In the household segment, the most
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomyThe general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million...). This reflects a 13.8 percent drop in revenues to 10.43 billion, more than offsetting a 4.2 percent... million more than offset by a decline in EFSF/ESM/IMF loan balance by 560 million, fully attributed
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsthan 500,000 euros in profit, in place of the spending cuts. Tsipras could argue that this means his... are willing to offer and if it will be any clearer than the commitment given to Tsipras’s predecessor... Democracy, it is unlikely that he would choose to do so. As his government has served for less than 12
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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomyand posted high volatility in the succeeding months until June 2012. Since then, it had risen by more than... the drop by more than 16 points on the last four months, the year to date balance remains positive... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting
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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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Newsletter 35 - 17/07/2015
, higher than the IMF’s estimate of 1.5 billion. Moreover, assuming the implementation of the fiscal... on Tsipras to take this route rather than call snap elections. Nevertheless, even this option seems... respectively despite rising by more than 30 percent in March. April’s is fourth positive reading since
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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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