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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomy(-5 million) and local governments (-1 million). Since the start of the year, total arrears have... arrears (+24 million) and local governments (+12 million). Declines were seen in SSFs (-108 million
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Banks gear up for 2020 stress tests as evaluation begins
EconomyBankingis seen doubling from 0.5 percent in 2019 and this year, to 1 percent by 2022. Home price growth... to let them lift a significant amount of bad loans off their books by securitisations that use about 12
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politics”. With cohesion funding set for a 12 percent cut, securing this will be an uphill struggle, despite..., Denmark and Sweden – are calling for budgets to be limited to 1 percent GDP, while the club of 15
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Eurobank net profits at 256.7 mln in 2019
EconomyBankinghas fallen by 12 billion. Greek deposits increased by around 3.6 billion and by 5.7 billion... Tier 1 (CET1) ratio came to 16.7 percent from 16.3 percent Q3, and from 14.2 percent in 2018
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More restrictions on way as Athens revels in ECB decision
PoliticsGreek Politicsbe shutting down until the end of April, with only 1 remaining open in each region and three in Athens... to purchase up to 12 billion euros of Greek paper. The announcement had an immediate impact on Greek
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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingthrough securitisations using 12 billion euros of state guarantees. Most Greek banks have finalised... of the year will exceed 1 billion euros. The BoG notes that despite the record tourism seasons
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politicslosses of revenue between 1 and 12 billion euros, equally split between large corporations and SMEs
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Coronavirus outbreaks highlight limited progress in disbanding hotspots for migrants
PoliticsGreek Politicspackage consists of 14 billion euros of fiscal measures and 12 billion euros of state-backed loans to businesses. Among the measures put forward are 1 billion euros to allow the national health
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CPI drops by 1.4 pct in April
EconomyMacroeconomyfor the rolling 12 months remained static at 0 percent. Month-on-month, the CPI for April showed... beverages (+1 percent) and education (+0.5 percent). Overall, the three highest annual increases
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politicsthe ESM is ready to grant loans from June 1, the chances of Greece tapping the credit line at this stage... an economic package that consisted of 14 bln euros in liquidity and another 12 bln in state guarantees.
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