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  1. Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August

    Economy

    deficit of 9.04 billion released by the Bank of Greece (BoG) includes 4.63 billion for repayment of arrears, which explains the initial discrepancy between preliminary MoF and BoG figures. The bottom-line

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  2. Greek banks less reliant on Eurosystem funding in September

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 1.4 billion euros in September, according to the BoG’s monthly financial statement. Monthly

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  3. Greece's current account in surplus for the fourth consecutive month

    EconomyMacroeconomy

    The August current account (C/A) balance showed a surplus for the fourth consecutive month at 1.22 billion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... years. Latest BoG estimates (released in the end of May) called for a C/A deficit of 3 percent of GDP

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  4. C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year

    EconomyMacroeconomy

    The September current account (C/A) balance showed a surplus for the fifth straight month at 964 million euros from 895 million last year, according to Bank of Greece (BoG). The recorded 7.7 percent... percent of GDP in 2012 from 9.9 percent in 2011. Although initial expectations by the BoG

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  5. Greek banks’ reliance on Eurosystem fell by 2.36 bln in October

    Economy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 2.36 billion euros in October, according to the Bank of Greece’s (BoG) monthly financial

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  6. Greek deposits slip in October as credit also contracts by 3.9 pct

    EconomyMacroeconomy

    Greek private sector deposits decreased by 0.6 percent month on month (mom) in October, with balances reaching 160.38 billion euros, according to the Bank of Greece (BoG). Net flow remained negative..., according to the BoG. Loan balances eased 0.6 percent month on month (mom) for the seventh consecutive month

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  7. Tourism turnover index slows but signs remain positive
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    . Indeed, latest Bank of Greece (BoG) data show that travel spending by non-residents to September... period last year, according to BoG. The number of travellers from Russia jumped 49.4 percent to 1.2

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  8. Banks' reliance on Eurosystem funding eases for seventh straight month in Nov

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement

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  9. Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates

    EconomyMacroeconomy

    for the material improvement of the Current Account (C/A) balance. Latest Bank of Greece (BoG) data shows a C...: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings

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  10. Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept

    EconomyMacroeconomy

    billion euros, according to the Bank of Greece (BoG). Loan balances eased 0.1 percent mom... showing positive growth (0.9 percent) with marginal deductions of just 2 million in January. The BoG

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