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  1. Newsletter 123 - 16/06/2017

    Newsletters

    showed that overdue obligations stood at 4.03 billion, down by 6.9 percent from last year’s figure of 4.33 billion. Of this year’s amount, almost 3 billion, corresponding to around three quarters... the beginning of the year, largely on the back of a drop in the ECB funding by 6.73 billion, as Greek banks

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  2. General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year to 2.63 billion in the first six months of 2017 according to the Finance Ministry’s (MoF) gg... in the primary cash balance at a surplus of 1.13 billion from a deficit of 28 million at the same time last year... for the same period last year. The primary surplus of the state budget also declined by 1.32 billion

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  3. Newsletter 130 - 04/08/2017

    Newsletters

    towards a programme exit next year. The Athens Appeals Court for Misdemeanours found Georgiou guilty... of 1.13 billion from a deficit of 28 million at the same time last year. However, local government recorded a deficit of 100 million compared to a surplus of 55 million last year The primary surplus

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  4. Alpha Bank remains profitable in Q2, NPEs reduced further
    Photo by MacroPolis

    EconomyBanking

    of around 50 million in the first half (H1) of the year. Furthermore, core pre-provision profit (PPI... million from 300 million in the previous quarter. Since the NPE target for the end of the year stands... during the conference call that “we are confident of meeting the full-year NPE reduction target

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  5. General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year to 4.10 billion in the first seven months of the year according to the Finance Ministry’s (MoF... a primary cash balance of 1.70 billion euros compared to 1.05 billion for the same period last year... of 100 million euros but still underperforming the surplus of 103 million recorded a year earlier

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  6. Newsletter 134

    Newsletters

    is seen at 3.98 billion euros this year and at 6.67 billion in 2018, implying a cushion of 135 million next year. The draft reveals some alarming signs on the revenue front as the figures reveal signs... strategy for debt management next year and in the post-programme era. As Greece approaches the end of its

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  7. Review gathers pace as mission chiefs prepare for Athens return
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Monetary Fund (IMF) has already indicated that it will not ask for more measures next year despite... this year, it remains a possibility that they will want the government to commit to more measures next year to bridge any fiscal gap they see. This discussion will have to be concluded by November 21

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  8. PM hopes to avoid stumbling blocks amid numerous outstanding review actions
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    of the year. This, however, means that his government has to move very quickly in the coming days... Monetary Fund (IMF) and the European lenders expect different primary surpluses next year. The IMF sees... the coalition’s biggest fear is that after poring over next year’s draft budget and this year’s fiscal data

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  9. Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
    Photo by MacroPolis

    EconomyBanking

    of the year came to 85.1 million euros. This follows a loss from discontinued operations of 68.5 million... (NII) and fees. Year-on-year, core PPI increased by 4.8 percent to 931.8 million on an aggregate basis... in the previous quarter. Since the NPE target for the end of the year stands at 25.1 billion

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  10. General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
    Photo by MacroPolis

    EconomyMacroeconomy

    months of 2017, up by 452 million compared to the same time last year according to the Finance Ministry... last year. Local government recorded a surplus of 314 million euros, up from the previous month’s figure of 132 million. The figure for the same ​period last year was notably higher at 582 million

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