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Weak banks drag Greek stocks down by 6.5 pct during week
Economyand Eurobank new shares commenced trading on Wednesday. The government has to implement the second list... with private investor participation via equity and voluntary bond swap offers (LMEs) has been
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgrammeThe privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion. According... of the electricity production and transmission being lost or diluted. GENOP’s allegiance has switched from
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyexcluding the zone near the island of Kastellorizo. Athens, however, has rejected this approach... for stability in the Middle East. Cyprus has already sought closer relations with Jordan, which President
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Deflation slows to 0.7 pct in Nov
EconomyMacroeconomyof November. All other groups of goods and services recorded a monthly change up to 0.6 percent. Greece has.... Since then, it has been on a downward trajectory, with a marked change in October when it fell below
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Gov't hopes deal with lenders on prior actions will prove politically palatable
PoliticsGreek Politics(NPLs). As reported on Friday, it has been agreed that the Public Power Corporation will sell ADMIE... ADMIE under state control over the last few weeks and SYRIZA has long been opposed to the sale
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Sharp drop of 5.3 bln for Greek ELA funding after completion of capital increases
EconomyMacroeconomy, Eurosystem funding has been trimmed by 13.17 billion euros and largely reflects the reduced uncertainty... following the equity raising. Since August 18, the ELA ceiling has been lowered by 13.1 billion, which
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingNational Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm... by QNB of 910 million dollars subordinated debt that NBG has extended to Finansbank. As a result, NBG’s
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Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
EconomyMacroeconomyafter a hiking to 24.6 percent in September. Since March, employment has gained 199,000 jobs, while the number of unemployed has contracted by 123,200 mainly on the back of a strong tourism season
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyperiod. The government has initially indicated that a part of the last two sub-tranches of 2 and 1... debt components remained almost stable MoM. The debt evolution for the year to date shows it has been
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IMF: Greece's GDP spend on asylum seekers 6th highest in EU
SocietyGreece – the Stability and Growth Pact (SGP) has built-in flexibility that should allow countries... the control of the member state which has a major impact on the financial position of the general
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