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Newsletter 47 - 16/10/2015
statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank
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The case of SYRIZA's fiscal performance
AgoraSYRIZA accomplish this? To boost the fiscal balance, SYRIZA 2 increased revenue and cut expenditure... families.[2] Direct income taxes under SYRIZA were lower than under Samaras, and Greece received fewer... experience with Varoufakis. On the expenditure side, SYRIZA 2 cut spending on goods and services
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate... deposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September, with the year to date drop at almost 50 bps. On the loan front, the most significant movements
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... main and supplementary pensions as well as lump-sums. The hidden fiscal gap is estimated in excess of 2... and maximising their value. That statement indicated that the new fund would generate targeted revenues of 50
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingthe sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2... test horizon, the impact is anticipated at 120 bps with the impact for 2018 resting at 50 bps... with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent
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Newsletter 332 - 18/03/2022
increasing by 50 pct, natural gas prices higher by 100 dollars and a 2 percentage points rise... alarmed that unleaded fuel prices have risen above 2 euros/litre and heating oil has climbed to 1.6... index rising globally by 25 pct, the natural gas price rising by 50 dollars and sovereign yields
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeimposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62... studies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy...) Reduction by 50 percent in the subsidy expenditure for heating oil. 5) Increase the rate of the tonnage
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Newsletter 97 - 25/11/2016
and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2... this year and 2 percent next year. limited and will thus constrain credit expansion and banks’ revenue... (NPL) and NPE stock by almost 40 and 50 percent, respectively. Net interest income (NII) edged up by 1
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2... of around 40 and 50 percent respectively, with the NPL and NPE ratios projected to decrease by 15... to 50 percent in 2019 from its current level of 56 percent. The management also provided more colour
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Banks focus on defining challenge of reducing NPEs
EconomyBankingcomes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled-over existing loans, scheduled for the three-year period between 2018-2020
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