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  1. Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
    Photo by MacroPolis

    EconomyBanking

    that “the bank has not provided any financing or guarantees.”

    2%
  2. OECD sees potential for recovery in Greek economy, stresses benefits from reforms
    Photo by MacroPolis

    EconomyMacroeconomy

    significant labour reforms have been implemented so far, lesser progress has been made on reducing the power

    2%
  3. Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
    Photo by MacroPolis

    EconomyMacroeconomy

    tumbled to 13,257 in 2015 from 65,474 in 2008. This means there has been a nosedive of 80 percent

    2%
  4. Greek stocks rise 2.4 pct, up for fourth straight week

    Economy

    The Greek stock market has advanced for the fourth successive week, albeit at a slower pace of 2.4 percent, from 9 percent in the previous week, in the aftermath of the mission chiefs’ return to Athens and improving sentiment in the global markets. Following the positive Eurogroup assessment

    2%
  5. Deposit outflows for second straight month in February, at 548 mln

    EconomyMacroeconomy

    has dropped by 22.35 billion euros, mostly due to lower ELA funding by 18.78 billion, stabilisation

    2%
  6. Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln

    EconomyMacroeconomy

    . The BoG has recently pointed out that addressing the huge stock of non-performing loans is the key

    2%
  7. Study indicates bias in German media coverage of Greek crisis

    Society

    German media reports on the Greek debt crisis have been characterised by bias and superficiality, with most of the coverage opinionated and judgemental, an in-depth study by a German think tank has found. Commissioned by the Hans Böckler Foundation, which is linked to the country’s largest trade

    2%
  8. Wages index edges up 0.4 pct in Q4 of 2015

    EconomyMacroeconomy

    has dropped by 26.5 percent. For the private sector, the notable drop over this 5-year period

    2%
  9. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    ) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3

    2%
  10. Car sales rebound 3.4 pct in March
    Photo by MacroPolis

    EconomyMacroeconomy

    and 2014 respectively, the sector has posted accumulative nosedive of 67 percent in the last seven

    2%