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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingat the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion.... The qualitative characteristics revealed that the ‘unlikely to pay’ (performing or past due less than 90 days... performing exposures past due less than 90 days slowed to 10 percent of performing exposures
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled with higher than targeted Public Investment Budget (PIB) balance and slightly higher net revenues... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammea much-higher-than-targeted primary surplus.” In the documentation accompanying the Precautionary Stand... for more than 10 consecutive years. When the primary surplus threshold is increased to 3.5 percent..., only one country in the sample has managed to meet and maintain for longer than a decade. The IMF
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Report highlights latest living conditions and demographics in Greece
Societylonger than their male counterparts, they enjoyed fewer healthy years. Of the 21.6 years additional life expectancy, just 6.8 years of these are calculated as being healthy years, 2.8 years less than... since 2007 than those for men. Marriages According to the report, civil marriages overtook religious
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Greek household expenditure falls by another 2.5 pct in 2016
Societywith one person aged 65 and over, expenditure was 54.5 percent lower than the average monthly... per month than the average for the country, while for households with three children or more up to 16... areas spent on average 22.5 percent less than those in urban areas. Inequality The survey showed
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Labour market reforms did exactly what they were supposed to
Agoralabour costs since euro adoption had increased by 35 percent, compared to less than 20 percent in the euro area. Greece’s minimum wage was higher than countries that would be considered peers, 50 percent above Portugal’s and 17 percent higher than the minimum wage in Spain. By 2009, total exports were
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EU disunity on refugees and its poisonous effects
Agorastates, rather than the EU, to come up with solutions. The proposals were treated as an affront... 2016 and September 2017, just 73 people a month were returned on average, which was much lower than... of migrants sent back by Greece to Turkey under the agreement with the EU stood at less than 2,000
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How Greece's electoral map changed radically over 10 years
Agoradistricts; more than 40 were coloured in the green of PASOK, and just six in the blue of New Democracy... of 43.9 percent vs. 33.5 percent for ND. The socialists gained more than 3 million votes, while... a collapse similar to PASOK, losing more than one million votes compared to 2009. Exit poll data from
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBanking, falling by more than 13 percent, or 12.6 billion, from the 94.4 billion figure at the end of 2017..., representing 22 percent of NPEs, however more than 67 percent of these loans have not been serviced for more than one year. The equivalent statistic for mortgages that have not been serviced for one year
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeatures) households’ disposable income fell by more than a third between 2010-2016 and has shown only... portion of them will have ended up lower down the scale due to lower incomes rather than exiting.... In most cases, the increases were steeper under SYRIZA than their predecessors. Households in the 5,000
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