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Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomysince June with net additions at 61 nillion. Credit expansion in the Greek market has been negative since the beginning of 2011 and has hovered between 3.5 and 3.7 percent over the past six months
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Greek deposits increase for seventh straight month, reaching 164 bln
EconomyMacroeconomy. However, the amount that has returned to Greek banks corresponds to just a small portion of the 89 billion... in the 9-month period of 2014, Greek banks’ reliance on Eurosystem funding has been slashed by more than
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Greece continues to edge up in "ease of doing business" rankings despite persistent problems
EconomyGreece has moved up several spots in the World Bank’s “Ease of Doing Business” ranking, with improvements in several areas but serious problems persisting in a number of areas..., according to the updated methodology). It is the fourth consecutive year in which Greece has risen from
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Samaras and Tsipras prepared to go toe to toe all the way to February
PoliticsGreek Politics, the figure who has found himself at the centre of political developments in Greece. Samaras’s meeting... public finances are in order. Just over 69 percent think the coalition has devised this plan because
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Developments in Greece produce volatile market reaction
Economythe stock exchange has fallen 21.7 percent. The bank index is down 32.9 percent, mostly reflecting.... Alpha is showing the best performance in relation to other domestic lenders. It has recorded losses
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Apartment prices fall at slower rate of 7 pct in Q3
EconomyMacroeconomyof decline has decelerated below the 30-percent mark, at 27.2 percent in 2012 and at 21.2 percent... in 2014, slowing to 3.7 percent in 2015 and 1.2 percent in 2016. Fitch has recently reiterated its
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Court ruling on property tax levels could hurt future revenues
EconomyMacroeconomyThe Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal... billion by the end of February. The MoF has not officially responded to the Council of State ruling so
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Is there (sustainable) growth in Greece?
Agoraeconomy and has yet to reach the centre of Greek society. While foreign tourist arrivals are booming... has not improved on the back of such changing wage and price signals. The fragile and uneven
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economyby the end of Q3 2014, the IMF net financing has been reduced accordingly to 25 billion and FSM..., which is the highest historical reading. A total of 78 percent of outstanding debt has a residual
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Brewing rivalry between Venizelos and Papandreou threatens to unsettle fragile PASOK
PoliticsGreek PoliticsAn attempt to rejuvenate PASOK may be over before it has even begun in earnest after a fresh disagreement between party leader Evangelos Venizelos and his predecessor George Papandreou, which could..., PASOK could run into further problems a little further down the line. Venizelos has indicated
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