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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingprocesses with foreign investors. Both transactions were reportedly oversubscribed by more than 1.5 times, confirming the recent strong investor interest in Greek bank stocks. Alpha’s private placement... that two of the four Greek systemic banks have more than covered their capital needs recently determined
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Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Economyto April narrowed by 52.8 percent to 1.14 billion euros. Although at lower than the first quarter... (390 million), which more than offset lower net revenues (1.05 billion). The monthly performance... than April 2013 figure. The budget deficit in April also shrank by 35.1 percent year on year (YoY
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Data for May shows Greek PMI in growth territory for second straight month
EconomyMacroeconomyin production levels in May was slightly lower than that in April, but it remained solid, according... levels was slightly higher than that of inflows of new orders partly reflecting the continued progress... since the end of 2007, although the rate of job creation was slower than that posted in April. Firms
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyrevision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... of 620 million to April) more than offsetting lower Public Investment Budget (PIB) balance (-129 million... is lower than the 495 million recorded in April. In contrast, the May budget deficit stood at 839
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European Commission says 2014 is a turning point for Greece as growth resumes
Economyquarter of 2014, while a strong figure is expected for the third quarter. Although EC did not alter... for the next few months”. In particular, EC says that GDP growth could turn weaker than expected if uncertainty on policy implementation has a stronger than anticipated effect on confidence
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Newsletter 3 - 14/11/2014
strong criticism at Finance Minister Gikas Ahead of February’s presidential election, the government can... landing at 1.24 million. The number of employed stood at 3.55 million, 15,700 lower than in July. Youth... in 2013 and this year. In 2013 more than 17.5 million tourists visited Greece, numbers not seen
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... improvement in liquidity as well as the further positive impact on budget figures from the strong GDP rebound... is forecast at 41.89 billion euros, 457 million above the MTFS but 530 million lower than those
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How SYRIZA says it will fund its economic policies
Economycapital for anything other than bank recapitalisation requires approval by the Eurogroup as well as from... to be further recapitalized (to cover capital losses due to bad loan write-offs) using HFSF funds rather than... target. 3) Settlement of unpaid taxes. SYRIZA expects more than 20 billion euros of the outstanding
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Gender stereotyping rife in workplace, say Greeks
SocietyGreeks are most likely to believe that gender stereotyping is widespread in the workplace than... that think gender inequalities are less widespread than they were a decade ago. Greece and Cyprus were... by Malta (30 percent), Ireland (25 percent), and Croatia and Romania (23 percent in each). In a strong
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Car sales soar by 47.2 pct in April for 20th straight monthly rise
EconomyMacroeconomythan 30 percent per annum in the 2010-2012 period. Market sources attributed the strong rebound... in April, which is the highest reading since July 2011. More than 85 percent of April road motor... quarter) almost 10 percentage points higher than the rise of 18.7 percent posted
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