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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyAfter a short-lived positive flow of 2.65 billion euros in December, the Greek banking system... point to inflows of 1.47 billion in Greek banks, mostly due to the December positive flow. Since..., the ECB has lowered the ELA ceiling for Greek banks by a cumulative amount of 19.6 billion euros
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace... billion euros in January. Since July, Greek banks have reduced their ELA funding reliance by 17.93 billion..., Greek banks’ collaterals pledged with the BoG dropped by 4.85 billion to 144.25 billion euros
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month.... Following the evolution in January, the Greek corporate lending rates stand 150-250 bps above... the average spread of the Greek banking market down by 11 bps to 4.42 percent in January, yet only
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New nationalist party in the making
PoliticsGreek Politicsmostly on the periphery of Greek politics since quitting the three-party coalition early in 2012.... However, their breakthrough and the rise of Golden Dawn suggests that there are Greek voters willing... and the changing nature of the challenge that the Greek political system and society is dealing with could
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This is how things stand as bailout talks head for a brief pause
EconomyProgrammeThe Greek government and the institutions seem to have reached a consensus on a fiscal gap..., while a number of other revenue measures are being considered by the Greek government including.... The mission chiefs are expected to return to Athens on April 2 and resume discussions on ground with Greek
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomyGreek 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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Athens in quandary over IMF as Fund's role in bailout is firmed up
PoliticsGreek PoliticsThe 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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Athens takes steps to mend fences with Balkan neighbours
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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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammethe 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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Athens links extra measures with debt relief in search for review compromise
PoliticsGreek PoliticsTalks 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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