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Eurogroup leaves Greece snared between its creditors
Agorain the Greek programme without losing much face and at the same time satisfy countries like Germany, which..., German Finance Minister Wolfgang Schaeuble is closing another year of the Greek crisis without having... for Germany has shaped Greece’s fate and caused significant problems in Greek politics. It is widely
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Building activity edged up 1 pct in September
EconomyMacroeconomyGreek building permits grew for the third successive month in September but at a much slower pace.... The September figures confirm that Greek building activity remains in negative territory for the 11th... of housing loans were classified as non-performing exposures (NPEs) in Q2, while Greek banks target
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Dispute over handouts drags on, allowing tension with creditors to rise
PoliticsGreek PoliticsThe Greek government looks set to respond to the institutions’ apprehension about Greek commitment to the programme and its fiscal targets after Christmas, according to reports on Friday. The pledges... at Finance Minister Wolfgang Schaeuble. The Greek premier also spoke of people “who are not well
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Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
EconomyThe Greek equity market stayed on positive ground in the last week of the year with gains of 2.1... measures after the submission of a letter by Greek Finance Minister Euclid Tsakalotos confirming... posted on February 11, the Greek market has rebounded by 46 percent. Its current level stands just
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by 1.87 billion euros in December, at a slower pace.... This was mainly a result of the reinstatement of waiver on Greek government securities and lower haircut applied on ELA collateral along with participation of Greek banks’ EFSF holdings to ECB quantitative
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Tsipras facing limited options as he waits for signs from IMF
PoliticsGreek PoliticsThere is great uncertainty regarding the Greek government’s intentions following the disappointing... US representative will take at the meeting of the IMF executive board on February 6. The Greek... for the IMF to withdraw from the Greek programme, arguing that the issue should be dealt
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Number of new companies registering in 2016 half of those in 2008
Economycompared to the 2008 figure, a study by Endeavor Greece titled “Greek Entrepreneurship in Numbers... that despite the unprecedented decline in disposable income, Greek entrepreneurship remains focused on non... four years ago, this reduction is not enough to accelerate the transformation of the Greek economy
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... increased by 5 bps to 4.59 percent. As a result, the corporate loan rates in the Greek market remain more.... The modest changes in the average deposit and loan rates led the average interest rate spread for Greek
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Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
EconomyMacroeconomyThe Greek market recorded outflows of 1.53 billion euros in January after the seasonally high... on Friday that the net inflow of banknotes in the Greek banking system stood at 7.7 billion euros from... 7.9 billion over this period. However, the increase in Greek banks’ deposit balance was much lower
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Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammeThe third day of discussions between the institutions’ mission chiefs and the Greek authorities... and had a positive view of the Greek proposals. A key issue for the implementation... and then both subsidiaries would be sold to private suppliers. The move aims to liberalise the Greek
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