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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomy. Since the conclusion of the first programme review, central bank funding has fallen by 45.35 billion...’ Eurosystem funding has decreased by around 76.21 billion euros from the peak of 126.57 billion in June.... The figure of 39.60 billion for July is the first time since January 2015 that the figure has dropped
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Thessaloniki bus firm row adds to public sector challenges
PoliticsGreek Politics- is in no position to accuse others of nepotism. There has also been an attempt by the government to argue... has to concern itself with the angry response from the outgoing CEO and board. According to reports... approach has given the unions the upper hand. The union representing public healthcare employees declared
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Open wounds that burn forests
Agorasuch a conspiratorial statement be, while the crisis is still unfolding and the Fire Service has not yet... of wildfires by area unit was recorded in Kefalonia, Corfu and Zakynthos. Until the Fire Service has... recorded in the Pyrinées region in February. In Italy, there has been an endless catalogue of fires
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Tsipras looks to recovery, sidesteps review concerns
PoliticsGreek Politicsto be in as it has generally adopted a sceptical, and sometimes obstructive, stance towards... on the lengthy list of prior actions Athens has to get through in the coming weeks. However, the coalition’s... to the tax-free threshold, which has been lined up for 2020, to be brought forward by a year. The Fund also
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Newsletter 131 - 8/9/2017
was meant to be completed in the summer. The Administrative Reform Ministry has drafted... Authority (ELSTAT) labour force survey revealed. The headline figure means that the jobless has now..., the jobless rate has been reduced by 2.3 percentage points (pp) on the back of a drop in the number
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyprogramme review, central bank funding has fallen by 50.41 billion, with around two-thirds of this decrease attributed to lower ELA funding. Greek banks’ Eurosystem funding has decreased... for August is the second time since January 2015 that the figure has fallen under the 40-billion
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Coalition bolsters unity in face of opposition pressure
PoliticsGreek Politicsonly recognises a Muslim, rather than Turkish, minority in northeastern Greece and has refused... of instability within the coalition has been lifted but also suggests that Tsipras and Kammenos have taken... blow for the leftist party but Chrysogonos has often been critical of the government since 2015
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NBG steps back into markets with 750 mln covered bond issue
EconomyBankingThe National Bank of Greece (NBG) has become the first Greek bank to venture back.... The sale marks the first time a Greek bank has sold a bond on the international markets since 2014. There has not been a covered issue by Greek banks since 2009. The bond issue attracted over 2 billion
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek PoliticsNew Democracy leader has been that he want to introduce more outside expertise and dilute the narrow party-based system of appointments. He has also, for instance, pledged a major renewal... has closed the gap on the centre-right grouping since the summer. The announcement of the new advisory
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeagreement to be reached before the Eurogroup on December 4. If the review has not been concluded... customers, which is equal to 46 percent of its annual turnover, while it has outstanding debts of 3.8... lenders (compared to 65 percent today), after ENFIA property tax has been settled and employees paid
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