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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyGreek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion... released on Monday. The annual growth in May was 4.7 percent year on year (YoY), from 4.2 percent in the preceding month. The outstanding balance of private sector deposits in May stood at 199.61 billion
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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
EconomyMacroeconomyGreece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked... since orthodox Easter last year fell on May 5th, compared to April this year, leading to stronger sales this year during April. Compared to May 2024, automotive fuel was down by 18.6 percent, non-food
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Economic sentiment and consumer confidence recover some ground in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in May, with the index at 107.5 points, from 105.8... 12-month period, May’s ESI was roughly two points above June 2025. The average ESI in the EU stood at 93.7 points in May, from 93.4 in the previous month. The euro area’s ESI was also slightly up
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PMI improves in May as manufacturers struggle with effects of Iran war
EconomyMacroeconomyGreece’s manufacturing PMI rose to 53.3 points in May, from 52.4 points in the previous month, S&P Global data showed on Tuesday. Growth in May accelerated to one of the strongest rates of the past..., it was broadly in line with the long-term trend. "The Greek manufacturing sector saw renewed momentum in May
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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyPrivate sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor... on Monday. The annual growth in May was 7.8 percent year on year (YoY), from 5.8 percent... programme in May 2010. Before the debt crisis, at the end of 2009, the Greek economy had 237.53
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Athens, Nicosia buoyed by EU role in Cyprus talks
PoliticsForeign Policynot help reach a conclusion. The Turkish Cypriot side suggested the EU may be present only during... of the EU at this stage, especially in regards to Brussels putting further pressure on Ankara to abandon... for the rest of the Union. The EU’s intention to participate in the Cyprus conference may not mean
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Tsipras faces challenges ahead on multiple foreign policy fronts
PoliticsForeign Policyespecially as Ankara is questioning Cyprus’ exclusive economic zone, and plans to begin its own... their communication channels open even and especially when Ankara is "challenging" Athens, but his government... with the US which was about to begin, when Nikos Kotzias would have visited Washington in December may
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Turkey closes borders, Greece keeps up pressure
PoliticsForeign PolicyAnkara decided on Wednesday to close its borders with Greece and Bulgaria in an attempt to slow... Ankara’s decision to wave refugees and migrants towards the Greek-Turkish borders. Turkey’s decision may have been the result of President Recep Tayyip Erdogan’s failure to achieve a new agreement
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Effort to keep Greek-Turkish ties on even keel put under stress
PoliticsForeign Policyin Athens. Greek diplomats believe that although Turkey may declare its willingness to engage in discussions with Greece, it has not abandoned its claims in the Aegean. However, Ankara does not believe... a climate of trust,” the statement stressed. However, Ankara continued its provocations even after
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Crisis management policy: the sad lesson of the Greek case
Agorain the first half of May, that due to the way the 2015 agreement was designed, the Greeks will have... as Greece. The fiscal intervention was especially huge in the May 2010 programme, equivalent to 10... barriers on better liquidity must be implemented and may usually include a professional handling
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