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  1. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted net losses of 69 million euros in the first quarter (Q1) of 2015 significantly lower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million. The improving.... Net interest income (NII) fell 2.4 percent QoQ to 500.3 million primarily reflecting the higher

    2%

  2. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    ) and edging up to 4 percent in 2016. Overall, net exports are expected to ease 0.5 percent in 2015..., according to the OECD. In addition, a broader and well-designed social safety net would help the most

    2%

  3. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... by the Eurosystem (14.3 billion), other medium- and long-term debt (5.5 billion) and net redemption

    2%

  4. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    billion compared to 24 billion envisaged by the second bailout programme Net financing needs could... for net financing needs of 74 billion is 4 billion lower than that projected by the IMF. The EC notes

    2%

  5. Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    is prohibited. The breakdown by depositor type showed households withdrew a net amount of 937 million, while non-financial corporations posted net inflows of 1.17 billion. The aggregate figures for the 9-month

    2%

  6. Greek stocks on slide for third straight week

    Economy

    in the previous week. Corporate news NBG released its third quarter (Q3) results on Monday, with net... Petroleum Q3 results showed net profits jumped to 111 million from 24 million last year with EBITDA also

    2%

  7. Deposit flow turns negative with outflows of 681 mln in Oct

    EconomyMacroeconomy

    . The breakdown by depositor type showed households recorded net outflows of 533 million reflecting time outflows... outflows of 249 million, while other euro area and non-euro zone residents posted net inflows of 40

    2%

  8. Privatisation of power transmission firm ADMIE a key challenge among prior actions

    EconomyProgramme

    EBITDA improved by 5.2 percent to 183 million with net profits showing a notable rise by 25 percent to 55.9 million. ADMIE’s cash stood at 118.3 million in 2014, net debt at 336 million, while

    2%

  9. Deposit flow remains negative for the second straight month with outflows of 390 mln in November

    EconomyMacroeconomy

    months resulting in net outflows of 60 million since August, when the government reached an agreement... households recorded net outflows of 530 million in November similar to those evident in the previous

    2%

  10. Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average

    Economy

    percent of total in Greece compared to 30 percent for the euro area and 32.1 percent for the EU. Net... on production and imports stand at 15.7 percent, taxes on income and wealth at 9.7 percent and net social

    2%