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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingAlpha Bank reported net profits of 5.6 million euros for the fourth quarter (Q4) of 2019 compared to net profits of 4.7 million euros in Q3. For the full year, net profits came to 97.1 million euros... reduction. The Net Interest Margin (NIM) edged up to 2.5 percent from 2.4 percent in Q3. Net fee
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economyon December 23 and b) the state aid of 5.4 billion in the form of ESM bonds granted to NBG and Piraeus... (21.4 billion) disbursed in the second half of 2015. In addition to the EU financial aid of 205.2
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Government bolsters aid package as questions mount over deadly fires
PoliticsGreek PoliticsThe coalition has announced further financial aid for victims of the fires around Athens this week as it attempts to respond to the tragedy but there are signs that the seriousness of the situation is taking a toll on the government. It was announced on Wednesday that additional assistance would
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Of symmetry and adjustments in the eurozone
Agoralandscape: Look at the following figure, showing the evolution of net lending (a measure of change... then, the adjustment of peripheral countries has been dramatic (their net lending was virtually zero in 2012... but not negligible (1.9 percent) surplus. The eurozone today is a net saver, and therefore siphons aggregate
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Newsletter 70 - 15/04/2016
document estimates net savings of 2.5 percent of GDP are required to achieve a much lower primary surplus... had grown increasingly uncomfortable with having to vote on emergency bills after minimal debate... a record low of 692 in absolute terms. Net hirings in March The employment balance showed net
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... a year ago showed a deficit of 2.71 billion euros. In December, the monthly net revenues totalled..., meaning that the final figure missed the target by 1.13 billion. As mentioned, net revenues amounted
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingNational Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net... of 738 million, with the bulk (around 650 million) related to Finansbank goodwill impairment. Net... of the Finansbank sale is not expected within 2015, the bank would seek state aid of 2 billion, 0.5 billion
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyin August from 5.74 billion in July. Following today’s figures, arrears have grown by 57.2 percent... in July 3) Rise in EFSF/ESM/IMF loans by 12.8 billion stemming from the eurozone aid tranche of 13... redemptions of 6.7 billion, increase in repos by 1.2 billion and a net drop of 2.4 billion in EFSF/ESM/IMF
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomygrown by 581 million in the year to date. Arrears of tax refunds stand at 758 million euros... billion and a net drop of 4.1 billion in EFSF/ESM/IMF loans. The latter incorporates the return of 10.9 billion EFSF bonds to the ESM in February, the eurozone aid tranche of 13 billion in August
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The case for a general government balance sheet
Agorathe assets, liabilities, and net worth of the general government in percent of GDP. We can make the following remarks: Net worth is negative in Greece and the Euro Area; a private entity (company or household) could not survive for long with these numbers. Net worth for Greece at -120 percent
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