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Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
EconomyMacroeconomyCredit contraction in the Greek market slightly accelerated to 1.7 percent in August from 1.6 percent in the previous month, Bank of Greece (BoG) figures displayed on Friday. As a result, loan..., this segment has posted cumulative deductions of 188 million. Credit contraction in the Greek banking
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CPI falls at slightly higher pace of 1 pct in September
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) dropped at a slightly accelerating pace by 1 percent in September after falling by 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed... recently projected the Greek CPI to marginally drop by o.1 percent in 2016 and rebound by 0.6 percent
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Building activity soars 35.4 pct in July mostly reflecting a low base effect
EconomyMacroeconomyGreek building permits strongly rebounded by 35.4 percent in July, after a drop of 21.7 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for July.... After a boom until 2005, the Greek building activity remains steadily in negative territory
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Tsipras makes end-year debt deal government's top priority
PoliticsGreek PoliticsFund’s participation in the Greek programme as a result of its desire to force the eurozone to clarify... months ago the Greek government openly questioned the Fund’s role. In his speech, Tsipras insisted
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Tsipras ponders risking reshuffle to finish review on time, get debt talks going
PoliticsGreek Politicsfor putting Greek debt on the agenda from February onwards. It is no coincidence, therefore... (Monday and Wednesday) to decide whether the licencing process was in line with the Greek Constitution
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Programme talks on fiscal issues open wide range of concerns
EconomyProgramme. Moreover, according to reports, the Greek officials noted that the 300 million set aside.... However, the Greek side has not accepted this proposal noting that the level of the tax-free threshold
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Alpha and NBG complete sales of hotels
EconomyBankingTwo of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans... to assets, NBG’s reliance on ELA funding is by far the lowest among its Greek peers. In its weekly
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Houliarakis provides clearest view so far on Athens's debt relief expectations
EconomyProgrammethe 15-percent ceiling as of 2030. It also reduces the net present value (NPV) of Greek debt to 80..., pointing out that for the Greek economy to grow a number of structural weaknesses, such as the very
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Deadlock at NBG over chairman appointment
EconomyBankingWhile it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days... a top position in a Greek bank as she was involved in politics in the last five years
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Eurogroup sees possibility of swift review but differences on debt relief remain
EconomyProgrammethat followed the Eurogroup meeting on Monday afternoon. He added that the cooperation between the Greek... of the month for discussions with the Greek government ahead of the next Eurogroup meeting, which
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