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Credit contraction unchanged at 0.9 pct in November
EconomyMacroeconomyCredit contraction in the Greek market remained stable at 0.9 percent in November, unchanged from... October. The balance fell under the 23-billion-euro mark and came to 22.81 billion. The Greek market... exposures (NPEs) remains a challenge for Greek banks. NPEs currently stand at around 50 percent
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Deposit inflows of 272.9 mln recorded in November
EconomyMacroeconomyThe Greek banking system experienced positive inflows of 272.9 million euros in November, compared... (ELA) came on December 14 when it was announced that the ELA ceiling for Greek banks would... situation of Greek banks, taking into account private sector deposit flows,” the BoG noted.
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Concerns prompt Athens to dampen optimism as Macedonia name talks begin
PoliticsForeign Policy,” Dimitrov said. This explains what the Greek Foreign Ministry said in its announcement following... readiness to visit Athens in January but the Greek government is sceptical about whether such an initiative... Ministry are against the creation of an overly optimistic atmosphere in Athens. The Greek government
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HRADF outlines major privatisation plan, no timelines given
EconomyProgrammefor any Greek government to date. They include the sale of a number of properties, several long-term... is Hellenic Post (ELTA),which is 90 percent owned by the Greek state. The concession agreement... Property, the Ministry of Finance, the Gaming Supervision and Audit Committee, the Greek parliament
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Tsipras and Mitsotakis head in opposite directions over talks with Skopje
PoliticsGreek Politicsconciliatory approach. Tsipras is also aware that the Greek public’s concerns about irredentist... agreement palatable to his domestic audience. For the Greek prime minister, it is vital that he... policy that is deemed as potentially expansionist or an attempt to snatch parts of Greek history
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Credit contraction remains at 0.9 pct in December
EconomyMacroeconomyCredit contraction in the Greek market remained unchanged at 0.9 percent in December, staying... and came to 22.25 billion. The Greek market has been experiencing a contraction for the last six... of the stock of non-performing exposures (NPEs) remains a challenge for Greek banks. NPEs currently
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Coalition turns focus to bribery claims, eyes damage to opposition
PoliticsGreek Politicsfor the setting of prices in other parts of the European Union. It has been known since last year that Greek.... However, the timing of the news that politicians may be implicated in the Greek case has caused some...-for-contracts affair involving Siemens, which rocked Greek politics for many years. He rejected the opposition
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Greece issues 7-year bond, moves closer to wrapping up third review
EconomyProgrammeof the 110 prior actions had been completed. According to Greek Finance Ministry officials, the number has gone up to 103 or 104 since then. According to the Greek media, Athens is completing all but two.... The Greek side is keen to ensure that the public discussion will not just be about what commitments
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Novartis bribery claims to be examined by parliamentary inquiry
PoliticsGreek PoliticsGreek politicians were bribed by pharmaceutical giant Novartis, in what is becoming the most dominant issue in Greek politics at the moment. Following several meetings with members of SYRIZA’s... between the government and the opposition. Given the history of such inquiries by Greek Parliament, which
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesA study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during... reductions had been a cornerstone of reforms in the Greek economy since 2010, based on the principle... the effects of international supply and demand on prices. In their bulletin, titled “Greek manufacturing
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