Late-2000s financial crisis
Local lenders draw 5 bln for loans to SMEs
By Evgenia Tzortzi
Greek banks drew liquidity of some 5 billion euros from the European Central Banks TLTRO program aimed at channeling funding to small and medium-sized enterprises in the first auction completed on Thursday.
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All Greek mobile operators bid in frequency auction
Greece has received three bids for the sale of mobile phone frequencies aimed at upgrading telecom services in the country, the telecoms regulator said on Tuesday.
Greeces biggest telecoms operator OTE and Wind Hellas submitted offers to buy mobile radio frequency rights within the 800 and 2,600 MHz band, telecoms regulator EETT said in a statement.
Greek credit shrinks 4.9 percent year-on-year in July
Total credit in Greece shrank 4.9 percent year-on-year in July, with the pace of decline
unchanged from the previous month, Bank of Greece data showed on Friday.
Credit extended to the government fell by 13.3 percent after shrinking by 14.1 percent in June, the central bank said.
Non-performing loans decision in late October, says deputy minister
Deputy Development Minister Gerasimos Giakoumatos told Parliament on Thursday that decisions regarding non-performing loans would be announced by the end of October, as opposed to September, as initially expected.
Angarski: Closing Down KTB Would Lead to Systemic Risk
The Expert Consultative Council on KTB has drafted a bailout plan for the bank that requires no use of public funds, a prominent Bulgarian economist and financier has said.
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Sentix eurozone index slides in September despite ECB measures
Sentiment in the eurozone fell for a second straight month to its lowest level in more than a year in September, suggesting the single currency bloc will fall back into recession, a survey by Sentix showed on Monday.
National Bank top brass optimistic on economy, stress tests
Top National Bank of Greece officials expressed optimism on Friday that the country will emerge from the financial crisis and certainty that Greek banks will grow stronger following the European stress tests.
Euro bailouts cause Germans more angst than Ukraine, poll finds
Germans are much more worried about how the lingering effects of the eurozone crisis will impact their pockets than the risk of getting involved in foreign conflicts like Ukraine, according to an annual survey of German angst released on Thursday.
Bond market girds for ECB meeting with sub-zero short-term rates
German bonds were little changed as fixed-income traders prepared for a monetary-policy decision from the European Central Bank amid speculation officials will boost stimulus measures to support the euro-area economy.
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Credit crunch is expected to end during Q4
By Yiannis Papadoyiannis
Private sector deleveraging, or the reduction of loans to households and enterprises, is continuing despite the significant improvement in the countrys economy.
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