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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomyin the time deposit rate led the weighted average rate on all new deposits down by 2 bps to 0.35... bps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1
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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... by 2 percent followed by smaller rises in housing (+1.8 percent) and hotels, cafes and restaurants... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammethe government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP...The International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1
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Greece and lenders trap themselves over labour reforms
Agorameasures that the lenders are demanding: A 1 percent of GDP reduction in the tax-free threshold for personal incomes and another 1 percent of GDP cut in pension spending. Also, it might... wrangling, Greece still harbours hope of reducing the 2 percent of GDP volume for the new fiscal
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67... a nosedive in the rate for loan amounts above 1 million euros by 83 bps to 3.89 percent, its lowest...) to 5.17 percent and for amounts between 250,000 and 1 million euros (-22 bps) to 4.79 percent
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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsbeen settled and that there is an agreement in place for 1 percent of GDP in measures, coming mainly from reductions to pension spending, being implemented in 2019 and another 1 percent of GDP... to implement 2 percent of GDP in measures in one go in 2019 (a possible election year), unless
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBanking) and consumer loans (-2 million). In contrast, a positive NPE formation of 22 million was posted... losses rose by 1 percent QoQ and 7.5 percent year-on-year to 188.2 million, corresponding to a cost... increased. The phased-in Common Equity Tier 1 (CET1) ratio stood at 17.3 percent in Q1 with the fully-loaded
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomy, it was by far the lowest in the eurozone and well below the average of around 19 percent. On a scale of 1.... The eurozone average was close to 1 percent. In contrast to an improvement in the eurozone, Greek SMEs... in their debt-to-assets ratio, SMEs in Greece signaled an increase of 8 percent (from 2 percent before), which
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Newsletter 122 - 09/06/2017
sustainability, it said. 2 Unemployment hits five-year low April figure is lowest jobless reading since... services turnover index rose for the third successive quarter, albeit at a slower pace of 1 percent... by 1.2 million to 26 million in 2017, while travel receipts are projected to rise by at least 1 billion
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Tsipras tries to resolve trash row as opposition goes on offensive
PoliticsGreek Politics- the captain of the Noor 1 cargo ship seized with around 2 tons of heroin on board in 2014, had... regarding the Noor 1 drug smuggling case. Kammenos responded in Parliament on Monday to questions from
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