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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBanking1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgrammewill be effective from June 1. If there is a divergence from the target between 0.26 and 0.75 percent... will be 1 percent of GDP. For a shortfall of 1.26 to 1.75 percent, the measures will have to reach
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomyalso fell by 16.6 percent, while the respective volume edged up by 1 percent in February. In absolute.... The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017
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With review completion in sight, which way next for Greece?
Agoralifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomystudy revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP... 1 billion. The two scenarios assume state subsidies of 3.5 billion. Market sources note that around
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Newsletter 77 - 10/06/2016
cumulatively 10 billion in the next 25 years, while is expected to result in an incremental rise of 1..., electricity production slipped 1 percent. Mining and quarrying plummeted 24.3 percent
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Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
Economysession and closed at 534.78, its lowest level since March 1 reversing a strong rebound in the preceding..., namely Grivalia Properties (+2.8 percent) and Jumbo (+1 percent). In contrast, the biggest weekly
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Central government debt climbs to 328.3 bln in Q2 on bailout tranche of 7.5 bln
EconomyMacroeconomyis equally split between short-term (up to 1 year) and medium-term (1 to 5 years) debt. Meanwhile, Greece’s
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Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
EconomyMacroeconomyperiod, slightly down by 1 percent from last year, yet beating target by 2.65 billion. Revenues Revenues.... Overall, net revenues edged down by 1 percent in July, while increased by 4.5 percent to 25.95
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyto 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350
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