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Newsletter 113 - 31/03/2017
into account private sector deposit flows. Credit contraction stable in February Negative flow reflects in household and sole proprietor sectors The rate of credit contraction remained stable at 1.6... the outstanding balance stood just shy of the 94-billion mark in February. Credit has continued
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Newsletter 117 - 05/05/2017
clawback ceilings in national health fund (EOPYY) spending, eliminating the personal income tax credit for medical expenses as well as of the tax credit of 1.5 percent on tax withheld from salaries... – involves reducing the tax-free threshold by 3,000 euros, meaning a lower tax credit of 650 euros
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsfrom the programme next year.i Credit line Prime Minister Alexis Tsipras responded at the same... for a precautionary credit line. He also insisted that any return to the markets before then would... that has been created after Moody’s upgrade of Greece's credit rating . The first return to the markets
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Parties mark out battle lines for next elections
PoliticsGreek Politicsseeking a precautionary credit line, along with the conditionality that would come with it. He referred to the New Democracy-led coalition’s decision in 2014 to seek an Enhanced Conditions Credit Line... Democracy had ever recommended that Greece should seek a precautionary credit line. “I have never
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Loans grow by 6.3 pct in Dec, highest since 2009
EconomyMacroeconomyCredit movement in the Greek private sector accelerated in December, rising by 6.3 percent year... released on Friday showed. After a recent peak of 3.7 percent growth in February 2021, credit..., after a positive 44 million euros in November. Within corporate lending, the flow of credit to non
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Newsletter 387 - 30/06/2023
Stournaras went as far as suggesting that the much-coveted credit rating could be a matter of weeks... impacted. Data on deposits and credit expansion also indicate that the cost-of-living has halted the continued rise in deposits that was observed when the pandemic broke out. Also, credit conditions
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Corporate loans lead 6.6 pct YoY growth in lending
EconomyMacroeconomyThe credit expansion in the Greek private sector decelerated its pace in September, rising by 6.6..., the flow of credit to non-financial corporations was up by 1.61 billion euros. The balance stood at 70.18 billion euros. Credit to insurance corporations showed a net monthly inflow of 305 million
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As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
EconomyMacroeconomyas the central bank's new governor. Provopoulos's tenure expires on June 19. Stournaras's... reshuffle on June 9. SYRIZA strongly objects to the appointment. Its leader, Alexis Tsipras called... the June 2012 elections and the direct impact of heightened sovereign and political risk on money
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomy. In June, revenues (before tax refunds) fell short of target by 695 million euros, primary..., revenues (before tax refunds) fell In June by a double-digit rate (18.4 percent) for the second successive... billion. The revenue breakdown showed direct taxes plunged 30.2 percent in June to 1.14 billion
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Travel balance of 4.19 bln in H1 beats 2019 as tourism sector leaves pandemic behind
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.42 billion euros in June, from 1.19 billion euros in May, according to Bank of Greece (BoG) data released on Monday. June’s balance was significantly higher than the 705.5 million euros registered in June 2021. It was also higher than the 38.5 million
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