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Growing challenges await PM following summer break
PoliticsGreek Politicscontributed to the ruling conservatives being put on the defensive and the unfurling of their policy... primary surplus this year. It is a pledge that Mitsotakis does not want to put at risk, particularly... needs to win a second term. Saying that, SYRIZA’s prevaricating over who to put forward
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University bill meets with strong opposition as MPs begin debating reform
PoliticsGreek Politicsput before the plenary next week, ahead of a vote on Friday, March 8. Going into the debate... that the government is making an opportunistic grab through the bill being put before Parliament. Most... allowed to operate in Greece but is opposed to the bill that has been put before MPs. SYRIZA fallout
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Government concludes Tempe inquiry, turns attention to Thessaly reconstruction
PoliticsGreek Politics, Prime Minister Kyriakos Mitsotakis met with farmers to discuss the plan that is being put together..., as Mitsotakis referred to it, was put together by Dutch firm HVA International, which was invited to assess... is put into action. HVA’s study and proposals will be used as roadmap, he said. The government is hoping
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Of symmetry and adjustments in the eurozone
Agoralandscape: Look at the following figure, showing the evolution of net lending (a measure of change... then, the adjustment of peripheral countries has been dramatic (their net lending was virtually zero in 2012... but not negligible (1.9 percent) surplus. The eurozone today is a net saver, and therefore siphons aggregate
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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomyof the trade deficit by 105 million. The latter is attributable to the higher net oil import bill... to insurance services. Non-residents’ direct investment in Greece showed a net outflow of 44 million in January against a net inflow of 556 million in January 2013. Greece’s C/A deficit stood at just
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Greek deposits edge up for second month in April, reach 161.3 bln
EconomyMacroeconomyreaching 161.3 billion euros, according to the Bank of Greece (BoG). The net flow remained positive... in the past two months, the year to date net flow remains negative with outflows at 1.93 billion largely.... On top of private sector inflows, April net flow also reflects slight general government outflows of 90
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How Greek banks moved into a new era
Agorapressure on net interest income (NII), ongoing deleveraging, deposit re-pricing, further cost... to be maintained for the remaining of the year. Excluding National, which showed Q1 net profit of 181 million, the other three banks posted net losses ranging from 94.1 million for Alpha to 246 million
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyand the limited deposit flow, this higher spread does not have any material impact on banks’ net interest income.... This sector is the only showing a marginal growth (at 0.8 percent in April) yet the net flow is extremely limited with net deductions at just 40 million euros in the first four months of the year. After
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General gov't primary cash surplus to April at 1.69 bln
EconomyMacroeconomyto 5.3 billion at the end of April from 5.18 billion at the end of March. The net increase of arrears... to 328.7 billion at the end of April. The year to date movement of 7.3 billion reflects a net increase in long-terms bonds by 1.2 billion and a net rise in short and long-term loans by 1.1 and 5 billion
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomypercent. Since the beginning of the year, the net increase of arrears amounts to 489 million euros... billion at the end of 2013. The evolution so far in 2014 incorporates a net decrease in the long-terms bonds by 8.2 billion counterbalanced by a net increase of 4 and 4.3 billion in short- and long
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