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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 blnzzzz
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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
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OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
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Eurosystem funding falls by another 4.4 bln in August
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Who pays property tax and how much revealed by Greek authorities
Greek banks less reliant on Eurosystem funding in September
Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, dropped by another 1.4 billion euros in September, according to the BoG’s monthly financial statement. Monthly movement reflects a drop in ELA funding by 2.7 billion euros at 8.96 billion and a rise in ECB funding by 1.4 billion at 63.82 billion.
The outstanding balance stood at 72.78 billion euros at the end of September from 74.14 billion at the end of August reaching its lowest level since March 2010. Note that September was the fifth straight month recording a drop in Central Bank funding, w...
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