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  1. This is how Greece kept its budget on track in Q1

    Agora

    positive on the state’s current cash flow as it has probably already been utilized since... announced that income tax is due to be paid as of July, while the new government has not yet clarified.... Since the new government has repeatedly stressed its sensitivity on the issue of social protection

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  2. Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln

    EconomyMacroeconomy

    by the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit for Greek banks on a weekly basis (from bi-weekly before). The cap has been revised upwardly twice... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion

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  3. Signs of siege mentality in gov't dispute with lenders, BoG governor

    PoliticsGreek Politics

    of the 7.2 billion euros. Athens has put forward similar arguments in the past but the latest attempt... relationship has also been poisoned further by the regular leaks regarding bank withdrawals over the last few... that the battle of attrition that has been going on for some months will continue.

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  4. Fitch keeps Greece's rating at 'CCC'

    Economy

    and depositor confidence has derailed Greece’s economic recovery. This damage will take time to repair..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... withdrawals. In addition, loan quality has the potential to further deteriorate given the downside

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  5. Lenders put together proposal that may leave Tsipras struggling

    PoliticsGreek Politics

    that the International Monetary Fund has convinced the other partners Greece needs to stick to pension... any suggestions that his administration has been forced into a corner by creditors. Indeed..., chance to govern) unless he has run out of other options.

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  6. Tsipras wins referendum but sceptical lenders, limited time stand in way of deal

    PoliticsGreek Politics

    the possibility of an agreement in the short-term has moved even further away as an emboldened Tsipras will push for better conditions from lenders. He has already made a clear reference to a 30 percent reduction... open by Tuesday. Also, Athens has to pay the first round of civil servants' salaries for the month

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  7. ECB increases ELA limit for Greek banks in first positive signal since referendum
    Photo by ECB via Flickr https://flic.kr/p/qhZVDy

    Economy

    has proposed to be disbursed by that date. Draghi said that the GGB repayment will provide some room..., which is above the eligibility threshold. However, he stressed that the other key QE condition has... over the last three weeks but it is too early to argue that the liquidity issue has been resolved.

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  8. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    . The government has indicated it would consider some form of tax refund for inhabitants to counterbalance the VAT hikes, yet this has not been confirmed at the moment. Similarly, the new VAT rate of 13 percent on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved

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  9. Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
    Photo by MacroPolis

    EconomyBanking

    markets. Alpha management has indirectly indicated in the past that Bulgaria was not among its core... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... were also indicated in banks’ medium-term restructuring plans. Alpha has also presence in Cyprus

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  10. New Greek statistical mapping application launched

    Society

    of the population, 1991 and 2011 Now, thanks to an internet-based application that has been developed... in Patras has the highest percentage (6.06) of PhD holders in the country, followed by the community..., not one person in the Epirot village of Anavryto – which consists entirely of pensioners – has

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