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Three months on from imposition of capital controls, some restrictions being relaxed
Economylimit for Greek bank customers remains unchanged, there is a gradual return to some kind of normality... traveler and trip. For non-Greek residents this restriction does not apply. Transactions and payments... understanding that the ban on cashing in checks and investment in foreign securities by Greek citizens
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Average wealth in Greece down by 17.1 pct since last year
Societydeclined by 5.2 percent, the highest drop rate after that of Poland (-5.5 percent), while the Greek... at constant rates, with the Greek figure dropping by 10.1 percent over this 7-year period versus a marked... the Greek figure peaked at 136,800 dollars in 2007, Credit Suisse concludes that it will likely
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Tsipras sees political mileage in bill for broadcasting licences
PoliticsGreek Politicsthe lack of transparency in the Greek media, which it accuses of being too closely linked... permits and the launch of a new tender will resonate with the Greek public, convincing many voters... the size of the Greek market. Limiting the number of permits would also put a lot of the current key
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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgramme. The first and probably the only key positive outcome so far came from the Greek Finance Minister Euclid... forecasts, with the quadriga aligning its estimates with the Greek government’s, which points to a milder.... The government has the backing of Greek bankers, who do not agree with the lenders’ stricter criteria
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammedifference between the Greek government and the institutions during the 3-day visit of the quadriga... Commission (EC) Vice President Valdis Dombrovskis and Greek officials this week. In a joint press... that the Greek side might be prepared to compromise on its demands. The legislation that currently
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Helmut Schmidt, Greece and a valuable legacy for Europe
Agora, it is the Frenchman (who had built up a personal friendship with Greek prime minister Konstantinos Karamanlis during... to overcome his own reservations about Greek membership. In her recent book, Greece, the EEC... three key problems to Greek entry: French and Italian concerns about agricultural exports, ongoing
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomyAfter remaining almost flat in September, Greek households’ new time deposit rate fell by 12 basis... rate corresponds to a new low in the period since Greek joined the euro. The cumulative drop by 75... market, since the core Greek banks that control more than 95 of the market cut their rates. The time
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyby the three leaders at the end of the third trilateral summit involving their countries. The Greek... of Greek officials are cautious about what progress can be made. New developments in the energy sector... of months. Greek Prime Minister Alexis Tsipras, Cypriot President Nicos Anastasiades and Egyptian leader
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Management of NPLs to test gov't in negotiations with lenders
Economythe insolvency law. The Greek authorities also have to provide a detailed implementation plan.... In its recent interim monetary policy report, BoG stressed that the key challenge for Greek banks after... of disagreement in the negotiations of Greek government with the quadriga mission chiefs. The Greek side strongly
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping... in Greek banks’ recapitalisation. ECB funding rose by 2.68 billion to 38.60 billion in December as a part... two Greek banks (NBG and Piraeus) received as state aid in their recapitalisation process
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