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Newsletter 109 - 03/03/2017
of banknotes to and repatriation of funds in the Greek banking system since the imposition of capital controls at the end of June 2015. Specifically, the net inflow of banknotes to the domestic banking system... the repatriation of deposits (outside the Greek banking system) was higher at 4.8 billion. Overall
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I know what you did the summer before last
Agorathe threat of bankrupting the national health system with a mass order of neck braces, this about-turn... of that period. For instance, Varoufakis claims he devised a plan for a parallel payment system even before... a series of amateurisms driven by woolly thinking. This is a question that the Greek political system
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesdirective, businesses are required to accept payments via a quadruple-payment system including Visa... payment system, or who pay the fine within 30 days, will be subject to a fine of half the total... didn’t receive a payment system before the deadline and can prove that their request was made
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Healthcare next stop for Tsipras amid Georgiou case fallout
PoliticsGreek Politicsthe public health system. It has contrasted this with comments from New Democracy officials suggesting... the government envisages citizens having across-the-board free access to the public healthcare system... in the judicial system, issued a statement on Thursday defending the Greek courts' right to convict
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Capital controls to ease further from the beginning of September
EconomyMacroeconomyeconomy and financial system. Improvements in tax collection and VAT rates were noted as more people switched to paying by card rather than cash, and deposits in the banking system stabilised. Deposit inflows in the Greek banking system in June were reported as having increased to 1.09 billion
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Energy conference highlights path and obstacles to European energy integration
EconomyFeaturesTransmission System Operator (DESFA), remarked on the prospects of a Europe with a uniform gas network system. “Although the market cannot be considered fully integrated and there is much to be done.... “There is an increasingly urgent need for proceeding with the modifications of the electricity system and market codes
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Further measures to protect and strengthen financial stability foreseen in sMoU
EconomyProgrammeand commitments, which are considered essential for the viability of the banking system... with the lenders. The strategy for the financial system aims to address three main banking sector issues... in the banking system and to a sustainable funding model for banks in the medium term. Via the Bank of Greece
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A year of risk and reward for Greece
Agora, when to go to bed and so on. The country’s political system has learned to operate within.... These include the tax system, which is still complex, subject to frequent change and far too onerous... evaluation of civil servants is still a work in progress. The Greek judicial system is also still
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingas one of the main challenges for the Greek banking system and the wider economy, the Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis... banks of lower significance but high priority, which translates into 99.6 percent of the Greek system’s
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Greece reaches for its pills
Agorapolitical system.” However, the argument that the whole affair is a fix or a plot by the government... prime minister. On the flip side, though, this system has often led to cases fizzling out after... about the dire state of the Greek health system. Few of the participants felt the need to express
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