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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances... returned to the Greek banking system since July 2012 stands at 11.4 billion. This figure corresponds... to deposit inflows in March, Greek banks’ Eurosystem funding further eased for the third straight month
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomythe House by May 5 to coincide with the date of the next Eurogroup, where the Greek Finance Minister Yannis... of funding needs, the MoF points out that two Greek banks (Alpha and Piraeus) have repaid... billion. The MoF assumes that the remaining Greek banks will pay back their preference shares within
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Eurobank: From nationalisation to re-privatisation
Agora, unlike the other three systemic Greek banks (Alpha, NBG and Piraeus), Eurobank withdrew from the process... the first Greek bank to be re-privatized, with both actions fully reflecting the troika’s demands. *Manos joined MacroPolis in April 2014 and is our head analyst. He has years of experience in the Greek
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On the beaches
AgoraThe quality of the water at 94 percent of Greek beaches was deemed excellent by the Foundation... is that Greek decision makers rarely display any grasp of what gives Greece a touch of uniqueness... good" by article 24 of the Greek constitution. The legislation has already drawn condemnation from
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) retained on a downward... in building activity along with car sales is the most pronounced in the Greek economy since the beginning... prices by 10.3 percent in 2013 following an 11.7 percent drop in 2012. The baseline scenario of Greek
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New obstacle for privatisations as court blocks sale of water firm
Economy). In addition, the transfer of a 34.03 percent stake in EYDAP from the Greek state to the Hellenic Republic... and sewerage services in the greater Athens area through a 20-year concession agreement with the Greek state... of Restructuring and Privatisations, the Greek state transferred in 2012 its total stake of 61.33
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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek PoliticsEnding days of speculation, the new Greek cabinet was named on Monday, with Eurobank economist... on private sector holders of Greek bonds (PSI). He leaves his position as an economics professor... the most of European Union cohesion funds and explore ways to provide greater liquidity to Greek
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBankingAlpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail... serving 480 thousand clients Citigroup has been operating in the Greek banking market under... oversubscribed by institutional investors from 15 countries. Alpha is the third Greek bank to tap debt capital
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent... rather limited at 140 million over this period. Credit contraction in the Greek market has been..., the management of heightened NPLs is the most important risk factor for Greek banks’ financial performance
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Coalition caught between pleasing lenders and voters ahead of next troika review
PoliticsGreek PoliticsThe troika wrapped up a brief assessment of the Greek adjustment programme this week, leaving... to boost lenders’ capital adequacy. The rest could be used to cover the funding gap. The Greek... in a particularly outspoken criticism of the Greek programme. PASOK is also pushing for individuals
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