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  1. Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln

    EconomyMacroeconomy

    Greek bank credit contraction accelerated for the second successive month in February to 2.3... January. Greek bank credit remains in a steady contraction over the last five years with cumulative net... challenge for the Greek banking system going forward. The latest official figures show that the non

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  2. Athens in quandary over IMF as Fund's role in bailout is firmed up

    PoliticsGreek Politics

    The Greek government continued on Wednesday to give mixed messages about the International Monetary... of the fuss cause by WikiLeaks publishing the transcript of IMF officials discussing the Greek negotiations... in the servicing costs of Greek debt. “The restructuring of debt is a means to help the economy recover

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  3. Athens takes steps to mend fences with Balkan neighbours
    Photo via Foreign Ministry https://flic.kr/p/FQ5jSs

    PoliticsForeign Policy

    (FYROM) president Gjorge Ivanov to Greek daily To Vima last week. Ivanov accused Greece... of the migration/refugee crisis following." The Greek government is also encouraged by the imminent visit... to the efforts being made by Greek authorities and regular citizens.

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  4. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    the weekend in the Greek media that demonstrate broad convergence in the overall conditionality between... to be a concession by the Greek government to increase the VAT rate for utilities from 13 to 23 percent... complicating matters for the Greek government.

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  5. Athens links extra measures with debt relief in search for review compromise

    PoliticsGreek Politics

    Talks between Greece and its lenders were due to resume in Athens on Tuesday, with the Greek side aiming for a Staff Level Agreement before Friday’s Eurogroup meeting. The Greek government gave mixed... will on Thursday confirm the Greek government estimates for a 0.2 percent of GDP primary surplus

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  6. Eurogroup decision on contingent measures, debt leave Tsipras with tough task at home
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    PoliticsGreek Politics

    days, the other concern for the Greek government is that the extra measures would have to be passed... only be “triggered when needed.” In a sense, the Greek government got the worst of both worlds... the Greek Constitution allows for such contingency measures to be brought to Parliament. He

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  7. Rating agencies positive on disbursement, stress programme implementation risks remain high

    Economy

    between Greece and its eurozone partners reduces the risk of another Greek crisis in the summer, while... if Greek politicians or the Greek public view the conditionality attached to the agreement as a distant

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  8. Marginal deposit flow in April for second straight month

    EconomyMacroeconomy

    Greek private sector deposit flow remained minimal for the second straight month with the system... in the Greek market remains negative with outflows of 1.65 billion, while the overall balance since last... and central government recorded outflows of 665 and 373 million respectively. A the same time, Greek banks

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  9. Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln

    EconomyMacroeconomy

    Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April... the beginning of the year. Since 2011, Greek bank credit remains steadily in negative territory... stands lower at 17.5 percent. The key challenge for Greek banks directly linked to potential credit

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  10. Vast majority of Athens homeless ended up on streets during crisis

    Society

    of their home, research stemming from a Norwegian-funded antipoverty programme for the Greek capital has...) of Athens homeless are men and that almost two-thirds (62 percent) are Greek nationals. Of the latter, 65... a fifth lived with their families. One in ten are former prisoners. Of the non-Greek nationals

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