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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyby 13.1 percent and 19.2 percent respectively. The full year performance, which smoothes out the monthly... depicting a 2.1 percent drop. The import movement for the full year exhibited a broadly similar
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingfull voting rights in banks previously fully recapitalized by the HFSF (such as Eurobank), unless its... have full voting rights only on strategic issues. The draft bill also supplements the previous bank
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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeAs expected, the informal Eurogroup held in Athens on Tuesday approved the next European Financial Stability Facility (EFSF) instalment of 8.3 billion euros subject to the full implementation... Board of Directors, subject to full implementation of prior actions and parliamentary approval in some
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingframework, the HFSF will retain its full voting rights in banks that were previously fully... a capital increase. In such a case, the HFSF will have restricted voting rights and full voting rights
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Greek bank capital increases: A breakdown of what has been achieved
Economybillion. HFSF had restricted voting rights in Alpha, NBG and Piraeus and full voting rights... (CT1) ratio, taking into account the full impact of Basel III rules by 2024 stands at 11.7 percent
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economyfigure for social protection corresponds to just 19.7 percent of the full year target of 1.77 billion... in the first half compared to the full year target of 923 million. Another important element
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BoG charts how crisis has affected private sector employment
Economyin wages. In particular, new hirings for full-time employment halved from 746,900 in 2009 to 375,800... that in 2010-2012, 100,000 full-time contracts were converted to part-time and another 70,000 to rotational
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammeto be followed by the full mission to Athens in late September” for the full review. Apart from the place
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomy) of the full year arrivals occurred in the summer season (June – August). Including those in May... the release of 8-month arrivals, SETE upgraded its full year estimates on international tourist
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Election drums beating louder in Greece
PoliticsGreek PoliticsThe possibility of snap general elections being called is never far away in Greece: After all, the country has not had elections at the end of a full term since June 1989. Over the last few months... the general elections are due to be held, at the end of the government’s full four-year term. This means
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