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Coalition appears to reach common ground with notaries over property auctions
EconomyProgrammeThe government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by an additional 4.38 billion euros in October, Bank of Greece's (BoG) monthly financial statement revealed on Tuesday.
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IMF adds to calls for no further delays to e-auctions
EconomyProgrammeThe International Monetary Fund has added its voice to those on the lenders’ side calling for the Greek government to ensure that electronic auctions are up and running as soon as possible, with the issue gradually becoming one of the defining aspects of the third review.
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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingGreek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure.
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Credit contraction eases to 0.8 pct in Sept
EconomyMacroeconomyThe pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
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Eurobank raises 500 mln with covered bond issue
EconomyBankingEurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.
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Trust in Greek banking system shaky, survey suggests
EconomyBankingTrust in the Greek banking system has been badly damaged by events of recent years according to a survey by Alvarez & Marsal on behalf of the Bank of Greece.
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Back from the brink: What next for Greece's property market?
By:
EconomyFeaturesThe story of Greece’s property markets trials and triumphs over the last few years reads like the pages of a dramatic novel. There was the mighty rise followed by a sudden and brutal collapse, to today’s market which is steeped in rumour and speculation.
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Eurosystem funding falls by 3.58 bln in September
EconomyMacroeconomyGreek banks’ Eurosystem funding fell once more in September by another 3.58 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.