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Office prices slip by 0.7 percent in first half of 2017
EconomyMacroeconomyprice index was 101.6, recorded in H1 2010. Since then, the index has dipped by 29.4 percent... by 0.4 percent in 2016, slowing from a drop of 3.5 percent in 2016. The price index has been..., the retail space rent index has plummeted by 38.8 percent. The decline reflects falls in all areas reported
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBanking, the NPE stock has to be reduced by another 1.7 billion across the remainder of the year. Management... exactly on target. For the full year, the bank has set a target of 17 billion euros, meaning... Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeand reminded Athens that it still has much work to do before the third review is completed. A eurozone official also played down the possibility of Greece not implementing the pension cuts it has agreed..., the European official reportedly said that Greece needs to stick to the agreement it has made regardless
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SYRIZA tweaks auction rules to appease MPs, defends clean exit narrative
PoliticsGreek Politicsin the upcoming multi-bill that the government has to adopt in order to complete dozens of prior actions...’s QE scheme. The government, which has had a prickly relationship with Stournaras since 2015... the exit from the programme has been achieved.
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesbenchmark yield has dropped below 4 percent and stands at 3.7 percent, while the rest of the yield curve has shifted down. The yield of the 2-year bond stood at 1.56 percent and the 5-year at 3.13 percent... for Greek debt is also reflected on the 3-month and 6-month treasury bills that the Greek government has
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Cabinet reshuffle and new bond issue coming up next for Tsipras
PoliticsGreek Politicsthat the third review has been concluded. Zouraris’s departure was overshadowed by the decision... parliamentary group. Her shift across the aisle means that SYRIZA now has 145 MPs and the coalition... has no plan to leave his current political grouping. Bond issues The reshuffle, though, is just one
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Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
EconomyMacroeconomywas the second time in 2017 since February that the figure has gone up rather than down. February’s increase... as confidence in the conclusion of the programme grew. In recent months, ELA funding has been steadily... repos using the same collateral. Eurosystem funding to Greek banks has declined by approximately
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Tsipras and Mitsotakis head in opposite directions over talks with Skopje
PoliticsGreek Politicsviews in the neighbouring country is perhaps the biggest obstacle he has to overcome in making any... on during his speech to New Democracy’s political committee on Wednesday. He claimed that Tsipras has made... to address the fact that his coalition partner has a different view to SYRIZA on the matter. Mitsotakis
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Kammenos dismisses talk of coalition rift but maintains Macedonia name objections
PoliticsGreek Politicsby Tsipras to show ANEL that he has other options if the nationalist party chooses to make things..., which has yet to hold its founding congress. They are unlikely to want to have the responsibility... more likely to be after a general election has been held and voters make such an option possible
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Stress test assumptions cause few concerns for Greek banks
EconomyBankingfrom the baseline. It is the most severe scenario the EBA has applied to date and seeks to capture the potential effects of Brexit. Also, the EBA has incorporated IFRS 9 accounting standards... for Greek banks is different and has been brought forward after the International Monetary Fund
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