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General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
EconomyMacroeconomygovernments the primary balance worsened by 257 million to 88 million, while social security funds...) and year to date (+929 million) with their arrears amounting to 2.7 billion making up more than 45... the beginning of the year to 1.21 billion in September corresponding to more than 20 percent of total
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Building permits down 11.4 pct in August for second successive drop
EconomyMacroeconomy) of 2015. Over the last seven years, apartment prices in Greece have dropped by more than 40 percent... than 15 percent from their peak at the end of 2010 with overall loan net deductions at 11.5 billion... to -49.4 in October. Note though that the year to date balance still points to a marked
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy, travel payments eased 2.7 percent to 1.5 billion. Overall, the 9--month travel balance recorded... of international tourist arrivals (+8.6 percent) to 20.62 million euros more than offsetting a decline... significantly slowed to 5.4 percent from more than 20 in the preceding nine months, while double
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Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
EconomyMacroeconomyof ‘long-term’ (more than 1 year) unemployed remained well below the 900,000-mark for the second quarter... for a job) slightly fell by less than 1,000 to 100,700 in Q3 after increasing in the preceding three... the salary-employed flow in the private sector, showed the net employment balance was positive at 91,784
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros... suit, recording a rise in their primary surplus by 180 million to 202 million. The balance of social... million following a similar payment to the IMF and a reduction in bonds by 232 million more than
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A misstep away from absurdity
AgoraTsipras bought himself some time and perhaps a little more acquiescence from Kammenos than seemed.... Also, SYRIZA has maintained a much more conciliatory position on the name issue than other Greek... has failed to maintain the appropriate balance in terms of the state’s presence in Idomeni
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyon Tuesday. The outstanding deposit balance slipped to 121.69 billion euros in February, 1.7 billion lower than the recent peak of 123.38 billion recorded in December. The negative flow in February is mainly... posted by households (-707 million) and non-financial corporations (-122 million). They more than
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraby 2.7 billion euros QoQ coupled with lower time deposit cost, which more than offset the reduced loan... by December to lower than end-2015 levels. The improving asset quality trends led banks to sharply... management and reduction of their huge NPL stock, which is eroding their balance sheets and prevents
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyand approve the banks’ strategies for NPE reduction include: 1) Long- rather than short- term sustainable solutions 2) Coordinated deals of common borrowers with overdue loans in more than one bank 3...) and collateral for a permanent easing of bank’s balance sheets from doubtful loans 5) Development within
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Bank of Greece publishes revised Code of Conduct for management of NPLs
EconomyMacroeconomy-performing loans (NPLs) held by individuals and very small businesses (with turnover less than 1... below interest only and grace period. Longer term (higher than 2 years) settlements, taking..., include interest rate reduction, loan term extension, splitting the balance in two tranches (one
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