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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyGreek private sector deposit outflows fell to 1.51 billion euros in July from 7.58 billion in June.... At the same time, the reliance of Greek banks on Eurosystem funding eased in July for the first time... Governing Council decided on August 18 to reduce the ELA limit for Greek banks by 1.3 billion to 89.7
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Election Watch: 24 parties and coalitions apply to contest election
Agoradiaploki, meaning the “entanglement” or corruption, of the Greek establishment. Many watched to laugh...) * Democrats/Koinonia Axion/Pirate Party of Greece * Golden Dawn (Nikos Michaloliakos) * Greek People’s... (as Democratic Coalition) (Fofi Gennimata and Thanasis Theocharopoulos) * Patriotic Union/Greek
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeReform of the Greek pension system will be one of the thorniest issues in the third bailout... of the minimum guaranteed pension will be granted after the age of 67 years is reached. Overall, the Greek... structural measures proposed by the Greek government that would have equivalent effect and potentially
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomyFollowing a deceleration in the preceding four months, Greek bank credit contraction resumed... positive reading in June. Greek bank credit turned negative for the first time in January 2011... credit rebound in the Greek banking market in the coming months, at least.
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Overhaul of energy market among tasks looming for government
EconomyProgrammeas part of its commitments in the third bailout programme. The Greek authorities were initially due... percent discount for energy-intensive users. The Greek authorities should take irreversible steps..., the Greek authorities will introduce by December a new plan for the upgrade of electricity grids
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Ambitious privatisation targets will test government's resolve
Economyvaluable Greek assets with the ultimate target of maximising their value by monetising them through... to recapitalize Greek banks, 12.5 billion for reducing debt and 12.5 billion for investments. The Greek
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If it's debt restructuring you're looking for, Regling's not your man
Agorain a segregated account for the latest round of recapitalisation and restructuring in the Greek banking... on Greek debt is tempered by the fact he is leading a supranational organisation that is a very active... in a debt relief exercise and the loans from the Greek Loan Facility (GLF) are a sensitive area since
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Major fall of 31.6 pct for building activity in July
EconomyMacroeconomyGreek building permits nosedived by 31.6 percent in July, after rising in the previous five months..., meaning that the building activity sector is one of the mostly hit sectors of the Greek economic... deterioration of the Greek economy, particularly after the imposition of capital controls in late
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Optimism and concern for Tsipras after EU summit on migration
PoliticsForeign PolicyGreek Prime Minister Alexis Tsipras walked away cautiously optimistic from Thursday’s European... Asylum Support Office (EASO) to help staff hotspots in Greece and Italy. However, the Greek side... Turkish citizens visa-free travel to the EU. Greek concern stems from the fact that these factors were
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Greece changing direction on energy policy, warms to US-backed projects
PoliticsForeign Policyappears to be confirmation of the Greek government’s switch in energy policy. Greece now seems willing...,” he said. Kotzias explained the Greek government’s need to adapt to the changing energy situation... and competitiveness, and this is why Greek-Bulgarian cooperation is fundamental and strategic
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