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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyof the first programme review, central bank funding has fallen by 41.46 billion, with just over two thirds of this decrease attributed to lower ELA funding. Furthermore, Greek banks’ Eurosystem funding has
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Portugal, market access and programme exit
Agorain 2016. Portugal still has one of the highest NPL ratios in the eurozone, and is still struggling to find a comprehensive strategy to deal with it. It has however been able to attract foreign capital
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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomyfalling below the 24-billion-euro mark. There has been credit contraction in the Greek market... with net deductions exceeding 40.4 billion. The sharpest decline over this six-year period has been
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Economic sentiment and consumer confidence climb in July after review conclusion
EconomyMacroeconomyreading since February 2015. Since the beginning of the year, ESI has improved by 3.1 points... points has been recorded in the industry confidence indicator. In contrast, the retail trade
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Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2
EconomyMacroeconomymillion in the previous quarter. Compared to the corresponding period a year ago, the Q2 figure has... in the last quarter of the year. Overall, KEAO has collected revenues of 2.25 billion since 2013
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesin internal demand which fell by 16 percent during the same period. According to the report, Greece has... hotels) has to be increased by 3.3 billion euros per year for the next five years, corresponding
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Privatisation plan inches along as groups express interest in DESFA
EconomyProgrammeheadaches for Greek governments Nearly every major privatisation deal has been troubled by delays... has passed through four governments (PASOK, New Democracy, SYRIZA and two interim stints during
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Relief for coalition as wildfire threat subsides
PoliticsGreek Politicshas been put in doubt. Nevertheless, even in the most extreme case, in the summer of 2007, when many... as a recent devastating blaze on the island of Kythira. Toskas has been the target of frequent
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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomyof -10.9 percent in 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent.... Greece’s housing market remains challenged on many fronts. The housing loan balance has contracted
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingat 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1
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