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Central govt debt falls for first time in six quarters, easing by 1.25 bln to 357.69 bln in Q1
EconomyMacroeconomy77.2 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt... of total loans accounting for 70.6 percent. The value of FSM loans came to 252.67 billion at the end... showed a decline and came to 19.48 billion, representing 5.4 percent of the total. The breakdown also
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingPhoenix in the Hellenic Asset Protection Scheme to the value of 1 billion euros. NBG’s domestic NPE... to 44.4 percent. Total coverage stands at 101.3 percent. NPL balances in Greece declined by 1.6 billion... ratio stood at 64 percent, while total coverage including collateral came to 117 percent. Eurobank’s
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Central government debt increases €9.15 bln to €374 bln in Q4
EconomyMacroeconomy-term (over 5 years) debt made up 75.3 percent of the total, while short-term (up to 1 year..., while FSM loans decreased 269 million euros. FSM loans continue to make the majority of total loans...-Bills came to 11.8 billion euros and made up 3.2 percent of the total, while repos increased
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Newsletter 253 -12/06/2020
of January that fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros... by 14:30 local time with total offers of 15.75 billion euros and price of mid swaps +160 basis points... in the first scenario and by 17.3 percent in the second, with rebounds in 2021. 2 Unemployment rate
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Newsletter 283 -05/02/2021
a total of 338,155 doses administered by Wednesday. In total 276,135 people have received at least... participation will bring the total reduction near that amount, with 27 billion euros of NPEs coming... expires. A total of 58.7 billion euros worth of bad loans sit on the balance sheets of the country’s banks
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... in the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12... for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super... will be abolished starting from October 1 for islands with higher incomes, which are also the most popular destinations, and is due to be extended to the other islands as of Jun 1, 2016. Other measures
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This is how things stand as bailout talks head for a brief pause
EconomyProgramme1 percent of GDP. On pensions, on top of the measures already implemented last summer, which are meant to yield 0.5 percent of GDP, an additional 1 percent is required for the next years. Half... for farmers and the self-employed. Tax Tax measures, which are expected to yield 1 percent of GDP
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeto be voted in the Parliament. Those measures, which are not quantified in the document, include: 1) Rationalisation of welfare benefits based on the recommendation of the social welfare review 2) Abolition... the use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.
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