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Newsletter 154 -9/03/2018
in December. Greece’s seasonally adjusted (SA) unemployment rate came to 20.8 percent in December, after... showed. In December, a rise of 8,378 people employed was noted versus November. The total for those
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Building activity down by 6.7 pct in Dec after rising by 8.6 pct in 2017
EconomyMacroeconomyBuilding permits fell by 6.7 percent in December against a rise of 16.4 percent in the previous...). For the aggregate period from January to December 2017, permits issued rose by 8.6 percent. The relevant... that the index rose by 1 point in December. On an aggregate basis, the index fell by 14.3 points. The latest
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Newsletter 155 -16/03/2018
for the month, and reverses the increase in Eurosystem funding of 791 million euros noted in December... since December 2014. Since their record high of 50.48 billion in June 2015, banknotes... Production Index (IPI) declined by 1.7 percent in January after December’s growth was revised up
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Greece's foreign policy trap
Agorain early December, which has piled even more pressure on Tsipras. The decision to invite the Turkish... in December after the Turkish leader called for a “revision” of the treaty ahead of his visit. Cyprus... approved 31 permits for the sale of military equipment to Turkey in December and January. As long
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Economic sentiment drops in March after reaching recent high, consumer confidence stable
EconomyMacroeconomysince December. Nevertheless, it was still well above the average figures that were reported during 2017, although 1.5 points below the December 2017 reading. Over the last 12 months, ESI has improved... in February. Construction confidence has marginally improved during 2018 from the -58.3 of December 2017.
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Newsletter 157 -30/03/2018
reading fell below the 100-point mark, which it had exceeded since December. Nevertheless... the December 2017 reading. Over the last 12 months, ESI has improved by 4.6 points compared to April 2017... December 2014. Eurosystem funding to Greek banks has declined by approximately 100.28 billion euros from
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Banks focus on defining challenge of reducing NPEs
EconomyBankingnearly 66 billion euros last December to 52 billion this year and 38.6 billion by the end of 2016, with a ratio of just over 21 percent from a third of the total loan portfolio last December. For Alpha... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingstock is anticipated to fall by 34 percent between March 2018 and December 2019..., non-performing loans are seen dropping from nearly 66 billion euros last December to 52 billion... of the total loan portfolio last December. Write-offs have so far been the main tool in reducing
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The race to reduce Greece's bad loans
EconomyBankingto December 2017. The total volume of NPLs was reduced by 1.1 billion QoQ. During the quarter, corporate... and December 2019 through a combination of restructurings, curings, liquidations and collections (-7 billion... to reduce in order for the bank to reach its end-December target of 21.4 billion. NPLs came to 16.1 billion
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammethe Eurogroup meeting on December 3. Until now, it had been thought that a decision might be made... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given..., by the time the December 3 Eurogroup is held all the pieces will be in place for eurozone finance
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