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Economy
BoG sees recovery strengthening, proposes post-MoU safety net In the Interim Report on Monetary Policy for 2017, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.
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PoliticsGreek Politics
SYRIZA tweaks auction rules to appease MPs, defends clean exit narrative The government tweaked on Thursday its amendment regarding property auctions in order to secure the full support of SYRIZA MPs, who had earlier harangued ministers about the provisions relating to protests against foreclosures.
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EconomyMacroeconomy
Current account deficit at 624.1 mln in October as goods balance worsens Greece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October, worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens Greece’s central government primary cash balance came to a surplus of 2.33 billion euros in the year-to-date up to November, compared to a surplus of 3.58 billion euros for the same time last year, BoG data revealed.
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EconomyMacroeconomy
Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline Greek banks’ Eurosystem funding fell by an additional 4.46 billion euros in November, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
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EconomyMacroeconomy
Banks meet NPE reduction targets in Q3, adjust targets for next two years Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
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EconomyMacroeconomy
Deposit inflows of 1.04 bln in October for banks Deposit flows in the Greek banking system showed positive inflows of 1.04 billion in October, reversing outflows of 47.2 million seen in September, Bank of Greece (BoG) figures revealed on Tuesday.
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EconomyMacroeconomy
Credit contraction deepens slightly to 0.9 pct in October Credit contraction in the Greek market increased slightly by 0.9 percent in October, compared to a contraction of 0.8 percent in September, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyMacroeconomy
Office prices slip by 0.7 percent in first half of 2017 Office prices in Greece fell by 0.7 percent in the first half (H1) of 2017 compared to the same period last year, Bank of Greece (BoG) data showed on Monday.
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EconomyMacroeconomy
Travel balance up by 17.2 pct in September on higher receipts, lower payments Greece’s travel receipts increased by 15.5 percent in September compared to the 16.4 percent increase noted in August, Bank of Greece (BoG) data revealed on Tuesday.