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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammeagainst this option. The Bank of Greece (BoG) also noted in its recent interim monetary policy... could undermine competitiveness, growth and employment. BoG’s rationale is similar to that expressed
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Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
EconomyMacroeconomy(BoG) figures showed on Thursday. Excluding several one-off items related to revenues from... a year ago. The breakdown of BoG items displayed revenues dropped 4.6 percent to 39.93 billion, yet
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyGreek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow...-performing exposures (NPEs). According to BoG latest figures, the NPE ratio stood at 42.1 percent
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Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
EconomyMacroeconomyThe Greek banking system displayed deposit inflows of 2.65 billion euros in December following outflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday. In absolute terms... residents’ outflows of 601 million. BoG figures also showed that banknotes in circulation fell
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since...-performing exposures (NPEs). The latest official BoG figures show the NPE ratio reached 42.1 percent
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammethe domestic banking system. According to the Bank of Greece (BoG), the non-performing exposure (NPE... billion. BoG has repeatedly stressed that the key challenge for banks relates to the management
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyGreece's current account (C/A) deficit fell by 58.3 percent to 779.8 million euros in December from 1.87 billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement... respectively. The BoG noted that lower international oil prices resulted in an improving oil balance
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyAfter a short-lived positive flow of 2.65 billion euros in December, the Greek banking system recorded outflows of 1.12 billion in January, Bank of Greece (BoG) data displayed on Thursday... split between social security funds (2.55 billion) and local government (2.33 billion). The BoG has
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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again... today, BoG stressed that the strengthening of the domestic banking system entails addressing
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomyGreek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday. The net lending flow.... The BoG has recently pointed out that addressing the huge stock of non-performing loans is the key
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