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Tsipras gives mixed message on expectations for crucial upcoming Eurogroup
PoliticsGreek Politicsat the upcoming NATO summit in Brussels, reports in Greece suggest. The two areas that the Greek premier is likely to focus one in his talks are securing an agreement which would at least allow Greek bonds.... Although the document includes a proposal that would clearly never be accepted by the Greek side, it sets
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Athens seeks clarification from UN envoy as Cyprus talks head for dead-end
PoliticsForeign Policycame as a huge disappointment for many who had hoped that Greek Cypriot leader, Nicos Anastasiades... forward. The Greek minister recently sent a letter to the UN General Secretary accusing Eide... put forth by Greek Cypriot Leader Mr. Anastasiades for reconvening the Conference on Cyprus
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Deposit flow turns negative again in April with outflows of 139 mln
EconomyMacroeconomyThe deposit flow in the Greek banking system turned negative again in April, with outflows of 139... flow, Greek banks’ Emergency Liquidity Assistance (ELA) funding declined further by 269 million month... on May 18 to further cut the ELA ceiling for Greek banks by 1.2 billion euros after a marginal
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market further slowed to 0.9 percent in April from 1.3... has prevailed in the Greek banking market. The loan balance has dropped by more than 25 percent amid..., 52.2 percent of business loans and 41.5 percent of mortgages were classified as NPEs. Greek banks
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April..., the corporate loan rates in the Greek market stand around 300 bps above the average eurozone rates... spread for Greek banks rose accordingly by 27 bps to 4.43 percent in April, after posting a drop
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Greece eyes higher growth as possible catalyst for Eurogroup deal
PoliticsGreek PoliticsIn an apparent change of direction, the Greek government appears to have pinned its hopes... in complete disagreement at the May 22 Eurogroup over the Greek growth projections for the coming years. The IMF suggested that the Greek economy could only grow by an average of 1 percent of GDP
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Athens blocks EU statement on China amid growing economic ties
PoliticsForeign Policybailout, last Thursday. According to Greek diplomatic sources, Athens’ decision to block the EU’s... the development of their relation with the EU," a Greek foreign ministry spokesman said. It should be noted... in Egypt, as well as the UN’s statement on Iran. According to well-informed sources, the Greek side told
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Deposit flow in positive territory at 638 mln in May
EconomyMacroeconomyThe deposit flow in the Greek banking system turned positive in May, with inflows of 638 million... in May, Emergency Liquidity Assistance (ELA) funding for Greek banks declined by 1.4 billion to 40.7... the ELA ceiling for Greek banks by a total of 1.7 billion euros. As a result, the ELA limit
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from... in the Greek banking market. The loan balance has dropped by 25.4 percent amid continued deleveraging, with net... of business loans and 41.5 percent of mortgages were classified as NPEs. Last September, Greek banks
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking. It was established in 1891 and controlled a market share of 13.5 percent in Greek market in 2016... companies will generate approximately 1 billion in premia annually from the Greek insurance market...) as part of the state aid in the last round of Greek banks’ recapitalisation. This amount was later
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