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Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
EconomyBankingthat as revenue collapses for companies and incomes drop for workers, up to 1/10 of the existing stock... targets submitted to the ECB’s supervisory authorities, the ratio is due to drop to 20 percent by the end of 2021. Hercules is due to take up to 36 billion euros of the stock off the balance sheets
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Newsletter 272 -06/11/2020
in Thessaloniki filling up in a matter of days. The head of the government’s pandemic advisory... people could end up in hospital over the next 10 days, while the 50 new ICU beds that were recently added in Athens could easily fill up in 3-4 days. Mitsotakis also announced the extension
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Newsletter 283 -05/02/2021
, a government-friendly daily, claimed that the ruling party is targeting a pool of up to 800,000..., ND’s working assumption is that up to 800,000 Greeks abroad may be eligible to vote in Greek... comprises 5 pct. Hercules was launched by the Greek government to assist banks in offloading up to 30
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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomythe festive season, but which ended up lasting for months. The Greek economy this year is seen growing by 6.9 pct, led by private consumption up by 3.3 pct, government spending rising by 4.1 pct, investments up... doubling from this year to 21.9 pct, exports up by 11.1 pct and imports increasing by 8.9 pct
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Newsletter 354 - 07/10/2022
-right party. Firstly, its share of the vote could drop significantly compared to the 2019 election... of these groupings makes it into Parliament following a second election, this is likely to push up the threshold... outperformance and the main contributor is the cost-of-living crisis as inflation pushed up prices
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CPI moderates further to 7.2 pct in Dec, food prices soar by 15.5 pct
EconomyMacroeconomywas up by 5.1 percent YoY as the wave of inflation was picking up momentum. The prices index... by lower electricity prices. Transport was up by 9 percent due to fuels, cars, and air and sea.... These were partially offset by a drop of 2.1 percent in communication. There was a notable drop
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Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
EconomyMacroeconomyGreece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday. The deficit came... deficit was up by 31.1 percent, at 26.08 billion euros. For the full year, imports from EU countries were
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Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
EconomyMacroeconomyStatistical Authority (ELSTAT) revealed on Wednesday. This was the first quarterly GDP drop since the second... decrease was due to a 5 percent drop in goods and 5.5 percent decrease in imports of services. Compared... investments also increased by 8.2 percent. Household spending was up by 4.2 percent YoY, while government
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Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble
EconomyMacroeconomyunchanged at 115.3 points in August, after a sharp drop of more than 8 points in July. The EEI is up..., dropping to 84.4. Over the rolling 12-month period, the ESI in August was 6 points up from the 105.7... a 6.6-point drop to 38.4, after an 8.4-point rise in July. Services confidence is now 4.5 points
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Newsletter 392 - 08/09/2023
for Mitsotakis and his administration is that the more this explanation is offered up to voters, the more... (QoQ). The economy is up by circa 2.4 pct in the first half of 2023 and with data pointing to a strong... second in par with Lithuania, edged up only by Ireland with 2.8 pct, followed in the third spot
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