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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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Athens looks to Draghi for positive signals on debt relief
PoliticsGreek Politics, with rising domestic and international pressure on the government to speed up reforms and deliver growth... and its inability to build up [functioning] administration,” he said at a book launch event... to avoid the debt debate being caught up in European election campaigning, with polls due
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomy. The breakdown of 2015 figures showed Greece’s taxes on income and profits (as a percentage of GDP) edged up... significantly in Greece compared to the other countries. In particular, taxes on goods and services make up... of 10.3 percent. In 2013 the Greek ratio stood at 12.7 percent. Consumption taxes made up almost 40
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New poll hurts coalition's recovery hopes as Turkey threat grows
PoliticsGreek Politicswith the institutions, there are concerns about a flare-up with Turkey. The nationalist rhetoric from Ankara has... up the programme review or debt relief during the conversation, indicating a desire not to rock... Turkey pick up, it would be left in an impossible situation that could have serious political
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Industrial production rebounds by 6.8 pct in October
EconomyMacroeconomyof the total index, increased by 7.2 percent. Electricity production that makes up around 21 percent of the IPI also rose by 8.9 percent, while water supply production edged up 2.6 percent. In contrast... on the back of a 4.8 percent rise in manufacturing production, while water supply edged up 0.3 percent
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