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Greek consumers take effort to lower prices into their own hands
Societypeople’s positive response to this initiative, producers of rice, olive oil and other products followed... the country to meet producers and strike deals to for their products to be sold in the shop. The goods... of Greek consumers who, with the help of producers who also want to bypass these market inefficiencies
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What lies at the heart of differences over Greek banks' capital needs?
EconomyFollowing a meeting last week between Bank of Greece (BoG) senior officials with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus), where the central bank reportedly informed lenders that their capital needs amount to around 5 billion euros, a Financial
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A return to capital markets for Greek banks but no return to domestic lending
Agora, including the four systemic institutions in Greece (National Bank of Greece, Piraeus Bank, Eurobank
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Greek coalition reaches milestones but PASOK looking increasingly weary
PoliticsGreek Politics, Greece’s bank recapitalisation fund, suffering losses when Eurobank increases its share capital
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomyfrom 12 percent for Piraeus to 22 percent for Eurobank. The troika has set a target for this ratio
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyparticipation in the capital increase of Eurobank Properties. It is also noteworthy that under
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyto 22 percent for Eurobank. The troika has indicated this ratio should be brought below 15 percent
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingNational Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent). Even excluding several positive
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingend of the market. Like Eurobank and National, Alpha eliminated its ELA funding in May, while
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomy: Eurobank at 12.5 billion in May (from 17 billion in December), National at 14.5 billion (from 20.7
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