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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyGreek bank credit contracted at a decelerating pace for the third successive month in June, when... percent year on year. Despite the surprisingly positive flow in June, Greek bank credit continues... respectively. Apart from the liquidity issue, the key risk factor for Greek banks relates to the evolution
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeAfter lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister... subsidies will be eliminated in the next 14 months. On VAT, the Greek request for lowering the rate on beef... billion euros from the new bailout to cover: 1) The redemption of the 3.2-billion-euro Greek
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Greece deal leaves many questions
Agora-October. But so far the creditors have just pledged to sort out the 95 billion in NPLs at Greek... the target revenues given that there will be a complete fire sale of Greek assets. Finally, a big question mark remains over Greek political stability. If there are no further defections over the next
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM..., which is to be replaced by a new 3-year that still needs to be negotiated and agreed with the Greek
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economystable at 15.2 percent of VTTL. The Greek ratio edged up to 34 percent in 2013 from 33.4 percent.... The comparison of VAT revenues to GDP shows the Greek rate is in line with the EU average and above that for Belgium, France, Netherlands, Slovakia, Ireland, Spain and Italy. However, the Greek ratio
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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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