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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from..., Greek corporate lending rates stand 250-300 bps above the eurozone average figures. On the flipside... and the slight drop in the deposit rate, led to an increase in the average spread of the Greek banking
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomyGreek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April... million. Since the beginning of 2011, when Greek bank credit turned negative, cumulative net... loans have declined by 17.9 percent. The biggest risk for Greek bank credit going forward relates
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Tsakalotos confident on meeting fiscal targets, sees capital controls being gradually relaxed
EconomyProgrammeIn an interview with state broadcaster ERT on Monday night, Greek Finance Minister Euclid..., a ministerial act would enable new money that is coming into Greek banks to be withdrawn without any... of local lenders, the reinstatement of waiver and the upcoming inclusion of Greek government bonds
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HFSF executive board members resign
EconomyBankingStability Mechanism (ESM). In addition, those five Greek and eurozone institutions and authorities... by the BoG. Meanwhile, HFSF has completed the review of Greek banks’ boards and committees... practices but also under the special situations of the Greek banking sector which has to deal
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Tsipras eyes connection with voters through changes to constitution, electoral system
PoliticsGreek Politics, the proposal for a referendum and giving voters the right to elect the Greek President underlines Tsipras’s... for. Tsipras also said he is open to discussion on the powers that the Greek President will have under... to four because that is what the government believes is economically sustainable for the Greek market
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Parliament's budget office sees risks to economic recovery
EconomyMacroeconomyis needed in the Greek market are intelligent adjustments, while the retaining of the status quo... adjustment of the primary surplus targets beyond 2018 and that it encourages the Greek government... of the Greek economy potentially threatening for a secular stagnation. Other risks involve
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HELEX H1 2016 results show continuing drop in profits
Economyreduction. The average capitalization of the Greek capital market dropped by 13.9 percent compared... promote the Greek capital market, inform listed and non-listed companies about the new tools... of measures this year. These include hosting the 5th Greek Investment Forum in New York
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.86 percent in June from... to 4.73 percent. Despite the small downswing in June, Greek corporate lending rates were kept around... of the average deposit rate led the average spread of the Greek banking sector up by 4 bps to 4.45 percent
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Energy cooperation provides platform for Greece and Bulgaria to strengthen ties
PoliticsForeign PolicyGreek counterpart Alexis Tsipras when the pair met in Sofia earlier this week. Their meeting took... countries. Greek diplomatic sources said the council, which concluded with the signing of several... on the external border of the EU, Greece and Bulgaria remain pillars of security and stability.” The Greek
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Study highlights overregulation and bad law-making in recent years
Societyor conflicting rules. Overall, Greek MPs have enacted 1,478 laws containing a total of 22,800 articles... by the Greek constitution. Almost 60,000 pages of laws containing over 22,700 articles were produced... with grammatical errors, bad Greek or the blatant misuse of legal terminology. Overregulation, a feature
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