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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyIn an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyand catering by 10 percentage points to 13 percent from 23 percent as of August 1 resulted in a drop
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Building activity posts first rise in 20 months but overall picture grim
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) rose by 4.1 percent year-on-year (yoy) in October for the first time since February 2012, according to the Hellenic Statistical Authority (ELSTAT). The respective surface area number recorded a modest 1 percent increase, while
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyby 10 percentage points as of August 1. CPI turned negative for the first time in March 2013 (-0.2
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Central gov't cash surplus rises by 53.8 pct to 603 mln in January
EconomyMacroeconomyexpenditure figure - excluding arrears’ repayments of 257 million last year - shows an increase of 1
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Golden Dawn faces more legal action but is on course for strong election showing
PoliticsGreek Politicsoffices in northern Athens on November 1. Recent polls show support for the party ranging between 7
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Where Greek banks stand ahead of capital needs disclosure
EconomyDeferred Tax Asset (DTA) in the Core Tier 1 (CT1) calculation (currently at 20%), the definition
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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyusers rose from in 2009 to 484 in 2012 (figure 1) and preliminary data for 2013 suggest
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economy. On gg gross debt (as a percentage of GDP), the EC forecasts stand 1 percentage point higher than
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