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Athens Macedonian News Agency: News in English, 14-01-24
CONTENTS
[01] Alpha Bank levels harsh criticism against the troika
[01] Alpha Bank levels harsh criticism against the troika
ANA-MPA/ Greece has made real progress in 2013, therefore the delay
in the release of the next loan tranche is questionable, Alpha Bank's
analysts said on Friday.
"Two of the most striking developments in the Greek economy in 2013
were the totally successful restructuring and recapitalization of the
banking system of the country and the better-than-expected execution
of the central government budget in 2013, with a primary surplus of
over 1.5 billion euros (0.8 percent of GDP)," according to Alpha Bank's
weekly bulletin.
"Based on the above-mentioned developments, as well as the smaller drop
of the GDP in 2013, and the fact that recovery will probably be stronger
than the troika estimated for 2014, there are serious questions raised
as to the causes of the new delays in the disbursement of the agreed
loan tranches," it said.
"What is certain is that these new significant delays affect the
country's economic recovery, have a negative impact on the progress of
the restoration of confidence in the Greek banking system and prevent
the return of deposits in the country," it warned.
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