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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomythat the fiscal consolidation is sustainable. The current account balance, which posted a surplus of 0.7... a slighter deterioration by more than 1 pp to 27.4 percent. For corporate NPLs (for loan amounts... to obligations to more than one banks, while are also past due for more than 3 years. BoG projects NPL ratio
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomyand 21.6 percent YoY, thereby more than offsetting the negative pattern of the preceding quarters..., investments tumbled by more than 63 percent with their current contribution halving to 12 percent... component (imports) of the trade balance rebounded by 6.8 percent QoQ and 17.9 percent YoY. The full
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammein the first half of the year, according to the 2015 budget, shows revenues in March will be lower than..., much earlier than in 2014, according to the initial schedule of the previous government. However... at 22 billion and H2 at 29 billion. For the first six months, the negative primary balance mainly
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Economic sentiment down 0.7 pts in June, consumer confidence also falls
EconomyMacroeconomythe drop by more than 16 points on the last four months, the year to date balance remains positive... and posted high volatility in the succeeding months until June 2012. Since then, it had risen by more than... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting
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Greek banks in intensive care: What lies ahead?
Agoratax asset (DTA) makes up more than half of the reported equity. Overall, DTA amounted to 15.6 billion in Q1 At the same time, Greek banks hold on their balance sheets preference shares of 2.3 billion... billion. From the beginning of 2016 the following three conditions must be met: a bail-in not less than 8
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Assessing the health of Greek banks' loan portfolios
EconomyBankingdue for more than 90 days, the NPE perimeter also incorporates forborne and impaired loans. The NPE... (35.6 percent). As expected, the NPE coverage ratio stands lower than that of NPL at 44 percent. BoG..., the aggregated balance-sheet figures provided by BoG until the end of July provide some color
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Tsipras keeps bailout issues in safe hands but fails to inspire with new cabinet
PoliticsGreek Politicsthe government, and ministers who help keep the balance within the ruling party and its coalition partner... more than 50 prior actions, including overseeing the recapitalisation of Greek banks, to carry out... from the bailout-linked ministries, Tsipras appears to have made political choices rather than ones
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Where we stand in the Greek bank recapitalisation process
Economythen, the better than expected GDP growth for the second quarter and the stronger than anticipated tourism... future risks, supporting a more drastic clean up of their balance sheets. Nevertheless... and, according to the August Eurogroup statement, “no later than 15 November”. Since capital needs
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Pension reform a precarious battleground for Tsipras and Mitsotakis
PoliticsGreek Politicsminister. If it is seen as fairer than the government’s, Mitsotakis stands to gain but if voters regard it as being even tougher than the one on the table now and closer to what the quadriga of lenders... in power. He also urged the merging of pension funds into three organisations, rather than one
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economy. EC noted that the slower than initially anticipated recession this year is largely due to the more... of the first programme review. Potential upside risks include a faster than expected improvement... programme, slowdown in the global trade as well as a higher than expected negative impact of the refugee
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