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Greece's imminent funding problems: All the numbers you need
EconomyProgramme. It is estimated that an amount of more than 800 million euros is held by foreigners that took up about... obligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros... government and lower-than-expected revenues from the settlement of tax arrears. Since the new
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyimports (-4.9 percent) and broadly stable exports (+0.1 percent) more than offsetting the nosedive in investments by 10.6 percent. The released figure is 0.1 percentage points (pp) higher than the flash... to the flash estimates is attributed to the incorporation of June balance of payments as well
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyon Wednesday, Piraeus Bank released today a trading update providing the evolution of the key balance and P&L... banks in Q2. Piraeus Higher Emergency Liquidity Assistance (ELA) costs more than offset lowering..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while
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Whither New Democracy?
Agoraof the coalition’s failings – is unfit to govern. After all, a party that takes more than three weeks to decide... principles were drafted more than 40 years ago and the party needs to find a new relevance in a rapidly...’s future hung in the balance. However, his limitations have been exposed since then. Peppering his
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingthe evolution of the key balance sheet and P&L items, the new element revealed was the amount of new loan..., which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest... cost more than offsetting the increased wholesale funding cost, particularly in Q2, due to the higher
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomythe first negative reading since Q4 2014 and markedly better than market polls indicated. ELSTAT said... into account the September data for balance of payments and the quarterly figures for unemployment.... The drop in Q3 was the first negative reading since Q1 2014. The drop rate in Q3 is also much better than
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Regling and Wieser: The key points
Agoramore money than the IMF could do, with much better terms: longer maturities and much lower interest... the nonperforming loans (NPLs) from bank balance sheets at a more accelerated pace that has not been.... When you look at the fiscal deficit, it was higher in Greece than in Ireland and Portugal. When you
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Greek pensions: The unsolvable equation
Agorasecurity contributions, one of the key funding pillars of the system, which were more than 22... than a quarter and the majority of sector wage agreements that tracked the minimum wage then followed... dropping from more than 13 billion euros in 2009 to an estimated 10 billion in 2016. Contributions
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomyestimates due on February 29, also incorporating the December data for balance of payments..., which was downward revised. The YoY GDP contraction in Q4 was deeper than market polls estimating... to the persisting deflation of 1.7 percent in 2015. The real GDP contraction in 2015 is higher than
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Paddling with a wooden spoon
Agoramet at the Eurogroup has been pretty simple: look no further than German Finance Minister Wolfgang..., rather than who came out on top. If this is the question, then perhaps we have to accept that Alexis... to secure significant, game-changing debt relief for Greece than he did over the last few days
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