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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agora, the Bank of Greece and the Ministry of Finance.[2] The internal bad bank model for Greek institutions... Criticising NAMA’, August 27th 2009. [2] Kontogiannis, Dimitris, ‘Bad Bank Model Gains Ground in Greece... ratios require domestic lenders to step up their provisioning, thus binding already scarce capital
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The oil and gas debate Greece is not having
Agoraas a “role model” by Greece’s policymakers). Second, Greece’s operations will be at particular risk..., in the economics and politics of the transition to an environmentally sustainable economic model... viability of these activities – as the coal industry is painfully finding out. Drilling in Greece
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Does the EU Commission suffer from optimism bias? (Part 1)
Agorainto the model. In turn, this pressure to use aspirational assumptions is political—the number... this into the model as a “baseline.” From a risk perspective, the probability...)—this finding is significant. “Annual potential GDP growth in the EU is projected to average 1.3
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicssaid that the target is to use these funds to overhaul Greece’s “production model.” All member states... to steer Greece away from its troubled development model and to ensure that the necessary funds reach... by Nobel Prize-winning economist Sir Christopher Pissarides. The panel recently delivered its first
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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