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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsissued shortly before MPs voted on the budget at close to 1 a.m. on Sunday. Its timing, even... of the release of the next bailout payment of 1 billion euros before the end of the year. Greece takes over the European Union’s six-month rotating presidency on January 1 and wanted discussions about
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Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
EconomyMacroeconomysurplus of 1% of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report... to decline by 1 percentage point (pp) in 2014. The BoG stresses that the key risk lies with the political... recapitalisation last May, Greek banks’ Core Tier 1 ratio reached 10.7 percent. The findings of Blackrock loan
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Greek central government debt inches down to 320.42 bln in Q1
Economy1 to 5 years and the remaining 12.9 percent a residual maturity of up to 1 year. Greece’s cash... (OSE) (6.06 billion) and Attiko Metro (2.2 billion) and 1 billion to extra budgetary funds
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Significant post-election economic challenges await Greek coalition
Economy-tranche of 6.3 billion in late April. The remaining two sub-tranches of 1 billion each are due...) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... by at least 1 pp this year and a further 2 pp in 2015. In contrast, the OECD projects a slower reduction
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingmillion euros, yet it eased 1 percent quarter on quarter (QoQ). The quarterly evolution reflects lower... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400...-forma (for the capital increase of 1.2 billion completed in April) Basel III Core Tier 1 (CET1) ratio
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsunlikely to be in a position to claim its next bailout tranche of 1 billion euros as it has not yet... (GLF) variable rate (currently at Euribor plus 50 basis points) to 1 percent constant for the next 50..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeclearance of 2.5 billion in 2015, which resulted in an increase of the debt-to-GDP ratio by 1... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability... of expectations with revenues at just over 1 billion for 2013, short of the 1.6 billion target
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyfrom around 1 billion in the preceding two months, according to data provided by the General... that the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... to collect an additional 1 billion in the second half of 2014, which corresponds to 167 million per
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Greek primary budget surplus rises to 2.53 bln at end of September
Economyon month (MoM) improvement mainly reflects higher revenues by almost 1 billion euros in September... jumped by 18.3 and 29 percent respectively. The respective 9-month figures dropped by up to 1 percent..., led the 9-month figure up 1 percent to 36.47 billion, just 24 million short of target. The most
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