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Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
EconomyBanking. Capital The Common Equity Tier 1 (CET1) ratio came to 15.2 percent in Q1. Adjusted Capital
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politicsthe tax on dividends will be brought down from 10 to 5 percent, as promised by New Democracy before... July 1 next year. Mitsotakis said the aim is to bring them down by 1 percentage point by the end of 2020 and by 5 points by the end of 2023. In the coming years, the trade tax paid by the self
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Stock taking: Where is the Greek economy now?
Agoraan aspirational objective of around 1½ percent a year (see our blogs 5, 6, and 7 for more details... events in our daily lives.[1] This also holds true for thinking about the macroeconomy of Greece. We can... ineffective, discriminatory, set up a new clientele (of which Greece is already overflowing), and pit one
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Greek banks in intensive care: What lies ahead?
Agoraand are generally compatible with the BRRD framework. The BRRD lays out a set of common measures... bank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... (Eurobank 950 million and NBG 1.35 billion) as well as subordinated and senior debt of 5 – 5.5
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Newsletter 99 - 09/12/2016
of the last bailout tranche of 2.8 billion, mitigated by a decline in repos by 1 billion. The 2016... roughly 1 million Greeks in what was labelled a “social dividend”. Tsipras’s surprise pledge... fell at an accelerating pace of 1 percent from 0.6 percent in October, mainly due to a decrease
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Greece takes first round against Covid-19 but fight continues
Agoraon February 26. Hospitalisations in ICU units peaked at 93 patients on April 5 and all indicators... below 5 percent GDP, with the remainder topped up by private spending by individuals. Spending cuts.... The appointments were to abide by a 1:1 replacement rule (one hire for each departure) and would therefore
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingof progress in its 1 billion-euro share capital increase and a transformation plan, including new..., compared with a loss of 1 million euros in Q3. The bank’s loss for the whole of 2020 compared... expired, reducing active moratoria to about 1 billion at the end of the year. The bank said
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammethe use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.... to clinch an agreement on the second review at the December 5 Eurogroup. We present the key... to be voted in the Parliament. Those measures, which are not quantified in the document, include: 1
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politics. The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who... this not occurred, Greece may even have avoided needing a bailout in 2010. The government’s decision to set
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingstraight quarter by 1 billion QoQ to 20.1 billion at the end of September. Overall, NBG’s NPEs have... reflecting lower insurance income. Net interest income (NII) improved by almost 1 percent QoQ to 485 million... percent in Q2, remaining by far the lowest among its domestic peers. The Common Equity Tier 1 (CET1) ratio
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