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Tag Archives: banks

Greek Bank Deposits Fell 2.7% in February 2012

Greek bank deposits fell 2.7% in February, data from the central bank showed Thursday, as households continued to use their cash reserves to make ends meet. Total deposits held by domestic residents and companies fell by EUR4.6 billion to EUR164.38 billion in February. The 2.7% decline on the month comes …

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Athens Riots: Apocalypse …Yesterday (video, pics)

Incalculable material damages.  170 ruined shops, cafes and banks branches, 45 of them totally burned down. Looting. Vandalism. The day light on Monday morning reveals the Apocalypse that occurred yesterday in the centre of Athens. In 14 different spots of the Greek capital. While the government MPs were voting in favor of …

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Athens 7:45 pm: Rioters Set Cafe on Fire

The riots have been moved in the extended area of Syntagma and outside the Athens University. Alpha TV and several Greek websites reported that rioters set the Starbucks cafe near the University (Korai Str) on fire. The rioters have reportedly started to destroy the windoes of several banks in the area. …

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Athens Stock Exchange Rallies at +6.13%; Banks Jan-Winners with +83%

The month of January finished with a real rally of +6.13% for Athens Stock Exchange. With 796 units, the  General Index almost touched the psychological threshold of 800 units, recording a three-month high. Banks were the winners of the month recording a plus of 83%. Analysts explain the rally with …

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Athens Stock Exchange Records New Lows Amid Uncertainty

Athens Stock Exchange recorded new lows on Wednesday, with the General Index at -2.41% and big losses for the banks and the FTSE20. Having gone down to 717.93 points, the ASE is especially vulnerable to the financial crisis within the euro zone. To this one should add the ‘haircut’ of Greek bonds talks in …

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Greeks Withdrew €4.9 bn from Bank Deposits in May

The withdrawal of bank deposits continued unabated in May and according to reports, households and enterprises got 4.9 billion euro from their private or business accounts. The reasons are multiple: Partly is the panic about the Greek economy as in May the 5th loan-tranche was very much hanging on an uncertain …

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