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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions
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To Potami takes next step in mission to become key political player in Greece
PoliticsGreek PoliticsTo Potami (The River), the centrist party founded by journalist Stavros Thedorakis earlier this year, held its founding congress over the weekend, thereby taking the next step in its effort to become... on a joint ticket and drew just 1.6 percent. The two parties combined forces again during this year’s
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After landmark return in April, Greece prepares to tap bond markets again
Economytourism is set to support the anticipated GDP rebound of 0.6 percent this year with 5-month international... in the 3-month T-Bills has dropped by 177 bps year to date to 2.13 percent. The imminent bond issue follows
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Electricity strike nipped in bud, leaving political loose ends
PoliticsGreek Politicsof their intention to force national elections early next year, when Parliament has to vote for a successor... years is also due to be implemented later this year. It is indicative that six prominent PASOK members
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomythe year to date figure soaring by 28.6 percent, from 24.7 percent in the 5-month period... sales this year is attributed to: a) Improvement in consumer confidence. Banking sources indicate
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Just 8 percent of Greece's 1.27 mln registered unemployed receive benefits
Societyof 27.8 percent in Q1 of this year. Just over 71 percent of jobless Greeks were deemed to be long-term... to 10,000 people are to be launched this year.
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NPLs: The Achilles heel of the Greek banking system
Agoraa rise of 4.7 pp year on year. Compared to the Bank of Greece numbers, the lower NPL ratios
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyof the year, Greek banks’ Eurosystem funding has been reduced by 28.06 billion euros, reflecting a decrease of ECB funding by 18.27 billion and ELA funding by 9.79 billion. The year to date drop is mostly
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Recovery of farming subsidies threatens to widen Greek fiscal gap
Economyeuros a year extra on top of that. Also, the coalition has to come up with an extra 650 million euros... this year at 2.3 percent of GDP. Nevertheless, Greece’s MTFS targets for the next two years have shown
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Greek deposits inch up again in June, reaching 163.21 bln
EconomyMacroeconomy’ inflows of 1.79 billion and 564 million respectively. June’s figures meant the year to date... four years. The most significant movement in the first half of the year was the extended sight
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