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Greek deposit and loan rates slide in September
EconomyMacroeconomydeposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September... loans with fixed maturity for amounts above 1 million euros, the interest rate fell 44 bps to 5.12... 3 and 2 percentage points respectively above the average euro area rates. In the other key household
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyin 2014 after the -2 percent posted in May. On a monthly basis, CPI fell 0.9 percent compared... prices (-1 percent). Both the yearly and the monthly price changes in October actually resemble those..., alcoholic beverages and tobacco, displayed an increase (+2 percent). On the flipside, the highest drop
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammetypical size is expected to vary between 2 and 10 percent of the concerned country’s GDP. Surveillance... accompany the new agreement: 1) Social security fund consolidation, alignment of retirement criteria and abolition of retirement exclusions from the general aging limits. 2) Abolition of nuisance
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Greece sends reform list to creditors, here's an outline of what it's likely to contain
PoliticsGreek Politicsby the Eurogroup last Friday. According to government sources the reform list includes: 1) All... 30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). 2) A large part... home (estimated cost at 2 billion euros). The Alternate Finance Minister Nadia Valavani recently
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgrammethrough the following measures: 1) An extraordinary levy either by increasing the current solidarity levy.... 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... billion euros for a primary surplus of 1.5 to 2 percent of GDP to be achieved for 2015.
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses... weaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII... III Common Equity Tier 1 (CET1) ratio eased to 12.1 percent in Q1 from 13.6 percent in Q4, mainly
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economyof confidence and bank stability. IOBE projects a recession of 2 – 2.5 percent this year. A milder GDP... well ahead of the completion of the new programme. Key preconditions for such a development are: 1... of Greece remaining in the eurozone coupled with the necessary consent. 2) The urgent
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New Democracy 2) SYRIZA’s support has been falling dramatically over the last two months and now stands
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Newsletter 45 - 02/10/2015
indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two... Sentiment in September saw the biggest rise in 13 years. 2 Not a winter for ineptness Country must
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policyinstalment of 2 billion euros. The EU commissioner did not pinpoint what four issues he was referring to but reports in the local media have identified them as: 1) Settling on a formula for property foreclosures 2) Making changes to the 100-instalment scheme for tax and social security debtors 3
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