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  1. Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010

    EconomyMacroeconomy

    the flash estimate of -1.1 percent released on May 15. Greece has experienced negative growth since

    2%

  2. Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out

    EconomyMacroeconomy

    billion. Overall, Greek banks’ Eurosystem funding has fallen by 22.35 billion so far in 2014 from

    2%

  3. Alpha Bank acquires Citigroup's retail banking unit in Greece
    Photo by MacroPolis

    EconomyBanking

    serving 480 thousand clients Citigroup has been operating in the Greek banking market under

    2%

  4. Greek industrial turnover drop accelerates in April

    EconomyMacroeconomy

    . The headline figure has recorded a contraction in most of the monthly readings over the past 16 months

    2%

  5. C/A deficit to April narrows by 34.7 pct boosted by services

    EconomyMacroeconomy

    of GDP in both years. The BoG has recently downward revised its previous more ambitious projection

    2%

  6. Ιnterest in exercising Alpha's warrants remains rather limited
    Photo by MacroPolis

    EconomyBanking

    the significant potential gains, has triggered HFSF to explore other means of disposing its banks shareholdings

    2%

  7. Deposits rise for third straight month in May, reaching 162.1 bln

    EconomyMacroeconomy

    outflows so far in 2014, their Eurosystem reliance has substantially dropped by 22.25 billion euros

    2%

  8. General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop

    EconomyMacroeconomy

    euros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state

    2%

  9. Greece prepares for a 3-year benchmark bond issue
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    The Greek Finance Ministry confirmed on Wednesday that it has mandated international banks for a forthcoming 3-year benchmark bond issue under English law. According to the announcement, the transaction is expected to be launched and priced in the near future subject to market conditions. Press

    2%

  10. Greek jobless rate remains stuck at 27.3 pct for third month
    Photo by Harry van Versendaal

    Economy

    , but remains exceptionally high at 56.3 percent. Over the past five years, it has more than doubled

    2%