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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What... figures showed sight and savings recorded inflows of 1 billion each. On the flipside, there were... hit its lowest reading since February 2014. 2 When less is more The new government would be wise
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek Politics. These are: 1) Negotiating directly with European institutions and the International Monetary Fund 2... the relaxation of fiscal targets (Varoufakis says he is aiming for a primary surplus of 1 to 1.5 percent
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Newsletter 15 - 13/02/2015
revenues fell short of target by almost 1 billion euros. According to the Finance Ministry... to an incremental cost of 600 million for Greek banks on an annual basis, which rises near to 1... and government esimates. 2 From party to national leader Tsipras is more politically proficient than most
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Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
EconomyMacroeconomy. The breakdown by gender showed unemployment among men slipped by 2 percentage points (pp) YoY to 22.4... end at 14.8 percent, also showing a drop by 1 pp MoM. In its spring economic forecasts released... though that the EC’s projection for 2015 points to a drop by almost 1 pp YoY.
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomy. The management also said that additional 2 billion can be collateralized. During the conference... by 2.5 billion. Gross loans rebounded by 1 billion QoQ to 52.9 billion in Q1, yet this mostly.... The bank’s phased-in Common Equity Tier I (CET1) ratio further eased by 1 pp QoQ to 14.2 percent
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomypace by 1 percent YoY in Q1 after slipping by 0.7 percent in the previous quarter. However, it grew... released before two months pointed to international arrivals at 25 million, up by 1 million compared... growth to 2 percent in 2015 accelerating to 3.6 percent in 2016. 2015 outlook The new government
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Greece rides the ghost train
Agorafor the next few years (1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... million euros (0.5 percent of GDP) this year and 1.8 billion euros (1 percent of GDP) next year. We must
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Tsipras points to debt relief roadmap as deal clincher
PoliticsGreek Politicsof 1 percent of GDP for this year and 2 percent in 2016), Tsipras needs to bring back something from... totalling 1 percent of GDP, or 1.8 billion euros. On pensions, the government has so far proposed
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As Greek deadline looms, this is how the next days could play out
EconomyProgramme. There are several options: 1) The Eurogroup approves the disbursement of the last EFSF tranche of 1.8... Dijsselbloem recently stated, it is too late for such a disbursement before June 30. 2... a programme as of July 1 for the ECB to continue providing liquidity to the Greek banks via the Emergency
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomybillion, which is the highest reading since December 2012. ECB funding rose by almost 1 billion to 39.8... currently from zero last December 2014 stems from: 1) Extended deposit withdrawals of around 48 billion from December until the end of June. 2) Replacement of ECB with ELA funding following ECB decision
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