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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomynegative in January 2011 and has hovered between -3.5 and -4.5 percent in the last two years. It has
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyis mainly attributed to the Easter period, which has a seasonal positive impact. In 2014, Easter... figures. Over the past 5 years, the retail turnover has retreated 26 percent reflecting a similar drop
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomythe past two years, yet it has more than doubled compared to the May 2009 figure of 24.9 percent... in May from 28 percent in April. The peak of 29.1 percent was recorded in September 2013 and it has
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomyyear to date. Overall, ECB funding has dropped by 28.4 billion in the seven months of 2014, while... this year was the elimination of ELA funding in May. It has remained below 4 million euros since
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyactivity is showing signs of fragile recovery and Greece has started growing, albeit anemically... and soaring unemployment has fuelled Greece’s economic demise. The Medium Term Fiscal Strategy sees household
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Independent Greeks to go it alone rather than join grand right-wing alliance
PoliticsGreek PoliticsA few days after the prospect of an alliance between New Democracy and ultranationalist LAOS was floated, the possibility of even broader cooperation among right wing parties in Greece has been... percent in the European Parliament elections in May, Kammenos has seen his number of MPs dwindle
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Greek central government debt rises to 322.4 bln in Q2
Economy, the IMF net financing has been reduced accordingly to 26.9 billion and FSM outstanding financial..., which is the highest historical reading. Almost 79 percent of outstanding debt has a residual maturity
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingand stress test, the bank indicated it has a capital buffer (above the minimum required capital thresholds... percent. In addition, Alpha has committed to Greek non-core asset disposal of around 500 million euros
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankinghas committed to disbursements of 3 billion corporate loans in the domestic market in 2013..., the management stressed it has committed in its restructuring plan approved by the European Commission
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyplaces since 2008. Looking at the different pillars of competitiveness, Greece has gained 12 places... efficiency (129th), while financial market ranking (130th) has not yet recovered. The latter is mainly
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