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A closer look at the composition of Greece's bad loans
EconomyBankingIn addition to an update on the evolution of non-performing exposures (NPEs), the Bank of Greece (BoG) review report on the Greek banking system published in late July also revealed a number of characteristics regarding the quality of NPEs. As we have previously noted, the NPE ratio reached 44.2
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Building activity slumps by 21.7 pct in June for sixth successive month
EconomyMacroeconomyGreek building permits fell for the sixth straight month by 21.7 percent in June, at a slower pace compared to the 31.5 percent drop recorded in May, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. The corresponding surface and volume also notably declined by 15.3 and 22.7 percent
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Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
EconomyMacroeconomyThe Greek non-seasonally adjusted unemployment rate edged down to 23.1 percent in the second quarter (Q2) of 2016 from 24.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday. The headline figure is the lowest Q2 rate since 2011, when the jobless rate was at 16.5
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Uncomfortable questions regarding TV auction mount for coalition
PoliticsGreek Politics) and the conclusion of the process would likely strengthen Tsipras’s argument that he is the first Greek
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Government under pressure from TV permit and Attica Bank claims
PoliticsGreek Politics. Sources close to Stournaras responded by sharing an Ancient Greek adage with reporters, which
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HFSF records losses of 578 mln in Q1 on negative revaluation of bank holdings
EconomyBanking, with the bulk (564.54 million) stemming from the HFSF’s participation in the four systemic Greek
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyis the highest reading since May 2015. Over the past six years, the Greek retail turnover has recorded a sharp
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Wise men proposals on labour market reforms give Ministry bargaining basis with lenders
EconomyProgrammefindings will form the basis of the Greek government stance on labour reforms, which is the thorniest
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PMI slips to contraction territory in September on lower production and new orders
EconomyMacroeconomy, input buying by Greek manufacturers further fell for the fifth month in a row also linked to fewer
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August from 0.86 percent in the previous two months, Bank of Greece (BoG) data displayed on Tuesday. The latest headline figure is the highest reading since April. It has been hovering between 0.85 and 0.88
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