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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in Nov...
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Budget rolls on with solid primary surplus of 12 bln in Nov
EconomyMacroeconomyThe budget primary balance recorded a surplus of 12.01 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. During the eleven months of the year, the primary balance came in 2...
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economyto the collateral provided by Greek banks. This is expected to boost bank liquidity by more than 12... under pillar III), Greek government bonds (close to 6 billion post PSI and debt exchange in late... of more than 12 billion euros to be made available. A follow-up issue, also related to pillar II bonds
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... of the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... access is not possible without a safety net. 6) Continued improvement of external balance
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How Greek banks were left on the brink
Agorabillion (12 percent) from the general government and around 1.7 billion from non-euro area... indicated they had an ELA cash liquidity buffer of 38 billion euros, with NBG and Piraeus at 12 billion... valuation and haircut regime. Given that the ELA limit was raised by around 6 billion euros since
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeentities to recycle cash surpluses around 6 billion out of the 10.7 billion ought to be consolidated into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12...), while arrears’ clearing stands at 7 billion in the next 12 months and the same number is assumed
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
Economy, the top underperformers included Piraeus Bank (-7.6 percent), Ellaktor (-6 percent) and Folli-Follie (-5.5... Bank (NBG) posted net profits of 5 million in Q1, while core pre-provision income (PPI) rebounded 12 percent quarter on quarter (QoQ) to 259 million. Piraeus Bank trimmed net losses to 6 million in Q1
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Going for Growth: What next for Greece's economy and banks?
Agorafinancial markets and banks in 2015[6] an additional spotlight was shone not just on the impact of equity... management firms compared to over 1,000 for the UK and 120 for the fairer comparable of Malta[12...://www.globalpropertyguide.com/Europe/Greece/Price-History [6] https://www.bloomberg.com/news
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Greece to press for EU sanctions roadmap on Turkey as domestic pressure builds
PoliticsGreek Politicsa new line on Turkey by calling for Greece to extend its territorial waters from 6 to 12 nautical... that the government is intent on defending Greece’s territorial waters which currently extend 6 nautical miles, adding that the option of extending to 12 miles will be exercised at a time of its choosing
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Mitsotakis stands firm on self-employed tax as disintegrating SYRIZA falls behind in polls
PoliticsGreek Politicssocial democrats PASOK who stand at 12 percent. The recent weeks of internal turmoil within SYRIZA appear... percent and far-right Greek Solution with 12 percent. Post-SYRIZA scenarios The freefall in SYRIZA’s... by the departure of the so-called “6+6” group around leadership runner-up Efi Achtsioglou. Some
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