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Credit growth up by 1.5 pct in July
EconomyMacroeconomyCredit movement in the Greek private sector rose by 1.5 percent in July after an increase of 0.4 percent in June, Bank of Greece (BoG) figures showed on Thursday. The outstanding balance increased to 147.58 billion euros. The latest increase is the highest since August 2010, when the rise in credit
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Credit expansion slows to 1.2 pct in July as corporate loans contract
EconomyMacroeconomy, after a rise of 1.63 billion euros in June. Within corporate lending, the flow of credit to non... in June. Consumer credit was positive by 37 million to 8.59 billion euros....The pace of credit movement in the Greek private sector continued to slow in July, rising by 1.2
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalexport credit insurance. All state aid measures which are granted to combat the COVID-19 outbreak have... in combination with either state guarantees of loans or state subsidized loans, or short-term export credit... are sustained proportionally under same conditions by the credit institution and the State) and 35
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SYRIZA and ND go head-to-head over promises to lighten tax burden
PoliticsGreek Politicsof the current state of the economy, arguing that it is destined to experience low growth unless... decision to leave the bailout without a precautionary credit line. He said that Greece’s high borrowing... with their pledges is heating up. Mitsotakis visited Thessaloniki on Thursday and held meetings
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PM heads north to rally voters ahead of tough winter
PoliticsGreek Politicscampaign to win re-election next year. Mitsotakis visited the ancient site of Pella as well as a local.... The first issue of concern among ND officials is that the north of the country will likely experience
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Train tragedy prompts urgent questions about railway safety
PoliticsGreek Politicsacross Europe, only in Greece trains circulate based solely on experience.” Genidounias was also.... Mitsotakis was due to visit the site this Wednesday as part of his recent tour around the country... Minister Kostas Karamanlis avoided answering questions about these issues when he visited the scene
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomymillion in June. Consumer credit contraction slightly accelerated to 2.8 percent from 2.7 percent in June...The rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros
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Credit contraction at 1.5 pct in July, balance at 177.56 bln
EconomyMacroeconomyCredit contraction in the Greek market deepened to 1.5 percent in July from 1.2 percent in June... decreased to 177.56 billion from 178.87 billion in June, remaining under the 180-billion euro mark..., reversing June’s positive reading of 1.06 billion. During July, the corporate lending balance also
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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomy. The positive sentiment prevailing in the three quarter last year after the June 2012 elections... Democratic Left’s withdrawal from the coalition government in June. Also, lately the payment.... Although some (10.87 billion) of total deposit outflows of 89 billion until June 2012 have returned
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Growth in credit expansion slows further to 2.8 pct in Jun
EconomyMacroeconomyThe pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8... the trend had been declining since and June is less than half the recent high. The net lending flow was positive by 1.21 billion euros in June, after a 275 million euros drop in May, reversing two
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