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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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Greek primary cash surplus widens to 3.2 bln in 7-month
EconomyMacroeconomythe highest monthly decline so far in 2014. Following July performance, the net increase of arrears... from a net decrease in the long-terms bonds by 6.7 billion more than offset by a net increase of 2.4
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million... expenses by 3.7 percent to 257.7 million. On the revenue front, net interest income (NII) slightly...’s performance reflects higher loan and deposit NII mitigated by lower bond NII. Net interest margin
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economy. The quarterly evolution reflects net decreases in long-term bonds issued domestically (by 1.43 billion) and T-Bills (by 1.65 billion) more than offsetting net increases in repos (by 2.36 billion) and Financial... by the end of Q3 2014, the IMF net financing has been reduced accordingly to 25 billion and FSM
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Our most popular stories in 2014
Agorathe state. Also, until now, there has been no safety net for the self-employed, who make up about 25... net available to Greeks in difficulty is provided by family. The IME-GSEVEE survey suggests... fellow citizens. The safety net that has been unfurled by family members, volunteers and charities
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomya net increase in repos (by 3.09 billion) and T-Bills (1.21 billion) partly partially offset by a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... net financing has been reduced accordingly to 22.8 billion and FSM outstanding financial aid
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingEurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6... items. In particular, net interest income (NII) was up 4.1 percent QoQ mainly driven by lower... straight quarter. Net interest margin (NIM) rebounded by 7 basis points (bps) to 2.11 percent
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgrammenet for vulnerable home owners as a permanent solution. In addition, the ECB suggests that the Greek.... For tackling the humanitarian crisis, the ECB would favour the development of a social safety net..., this safety net could also involve prohibition of auctions targeted at vulnerable households
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