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No quick solution to Greek liquidity problem; reforms list holds key
PoliticsGreek Politicsthe money, which Athens hoped would have eased its liquidity problems. Reuters has reported unnamed... clear but there are many details that need to be ironed. The government, for instance, has sent mixed
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyhas almost certainly derailed Greece’s economic recovery. Even if prospects for a successful... a compromise deal stressing though that the progress since February 20 Eurogroup has been slow
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Tsipras heads for Russia with specific aims, including halting speculation
PoliticsForeign Policydemarcated” mean? Greece has already made it clear that its strategic choice is to respect its... for the Greek state. Athens has taken on board the lessons from Cyprus’s failed last-minute attempt to get
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DTA may spell new trouble for Greek banks
Agoracapital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has... that.” In addition, the ECB has signalled it would increase capital buffers for banks seen as over-reliant
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Tax wedge for single, married Greeks well above OECD average
EconomyMacroeconomychildren shows Greece has the highest tax wedge at 43.4 percent versus the OECD average of 26.9 percent... percent in 2000 to 40.4 percent. However, the OECD notes that there has been high volatility since 2010
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Greek banks’ loan quality is deteriorating
Economyfor a settlement of non-performing loans (NPLs), which has still not been specified. After a stabilisation... in the outstanding loan amount, which has resulted from the banks’ continued deleveraging. NPLs rose
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Parliament Budget Office sees Greece heading for recession on back of uncertainty
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing... that despite the justified criticism of the eurozone's architecture, Greece is the only country that has
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomy. The May figure is the lowest reading since December 2013. Since the beginning of 2015, ESI has dropped... major fluctuation until June 2012. Since then, it has improved by more than 26 points until June 2014
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Alpha Bank reports lower losses of 115.8 mln in Q1 2015
EconomyBankingpercent. Over the last twelve months, the headcount has been reduced by more than 1,700 to 15,149... billion, of which 4.2 billion relates to EFSF bonds. Alpha said it has an ELA cash liquidity buffer
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Tsipras briefing suggests he is still searching for deal with lenders
PoliticsGreek Politicsgoal was to cancel out the opposition, which has been highly critical of his tactics during... in the opposition party has for some time been that it should back the agreement in principle but vote against
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