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The race to reduce Greece's bad loans
EconomyBanking, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9 billion, landing exactly... NPLs came to 35 billion euros, around 600 million lower than the target. Residential NPLs landed... by 36.5 percent to 37.2 billion from Q2 2017 until the end of 2019, higher than the previous target
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Newsletter 168 -29/06/2018
unpopularity but also because it does not have more than around 12 months in power left. The political... by over 21 percent to 1.91 billion euros, higher than the target by 561 million euros. PIB revenues..., the PIB balance posted a surplus of 328 million, 518 million better than the target. Exports
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBanking(QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9... the quarter, corporate NPLs came to 35 billion euros, around 600 million lower than the target... than the previous target by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent
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Newsletter 169 -06/07/2018
than a simple majority to approve the deal for Greece’s neighbour to be recognised as North Macedonia... that it will be enough to secure enough votes to gain more than 3 percent in the elections and enter Parliament. New... would rise by 21 percent, or 3.3 billion euros, which is more than the revenue generated
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBanking’, respectively. The rating for NBG’s covered bonds is four levels higher than that for the country’s overall... sees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... lower than last year’s MTFS when the economic recovery was projected to accelerate with GDP up
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Draghi sets out QE obstacles facing Greece
EconomyProgrammethe target by 800 million euros. VAT revenues came to 10.9 billion euros, 200 million euros more than... billion euros was collected last year. Around half of this came from individual debts of more than 150 million euros, whole 17 percent was from debts of less than 10,000 euros. He added that tax
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Car sales up by 28.4 pct in June and 28.8 pct in first six months of the year
EconomyMacroeconomyin 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high of 372,892 vehicle registrations in 2007. A contributing factor
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For better or worse: Greece's bailout exit deja vu
Agorawas underwhelming and Greece accepted less than it had initially targeted. The ensuing months shuttered... by regular, albeit less intrusive than in the past, monitoring over the next four years. The situation... in September. With gross financing needs over the 2015–2016 period of more than 32 billion euros and markets
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S&P revises outlook to positive, sees encouraging signs after debt deal
Economy’s expectations, there are reversals of reforms, or if growth is weaker than expected, both... held) portion is less than 20 percent of the total stock and less than 40 percent of Greece’s GDP
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Coalition focuses on relief effort after fires as Mitsotakis holds back on criticism
PoliticsGreek Politics. The accusation that his government is no better than previous administrations is probably one that Alexis... for the bailout exit in less than a month. Thoughts of a major event to mark the end of the programme are likely to be abandoned and the coalition will be forced to adopt a less celebratory tone than it would have
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