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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomy. On the loan front, the most material change was posted in corporate loans above 1 million euros... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4... percentage points for amounts over 250,000 and up to 1 million euros. The rate in loans to sole
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsunlikely to be in a position to claim its next bailout tranche of 1 billion euros as it has not yet... (GLF) variable rate (currently at Euribor plus 50 basis points) to 1 percent constant for the next 50..., the official sector projects Greek unemployment will ease by at least 1 pp this year and a further 2 pp
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Greek primary budget surplus rises to 2.53 bln at end of September
Economyon month (MoM) improvement mainly reflects higher revenues by almost 1 billion euros in September... jumped by 18.3 and 29 percent respectively. The respective 9-month figures dropped by up to 1 percent..., led the 9-month figure up 1 percent to 36.47 billion, just 24 million short of target. The most
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingby a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion... of total assets. The bank’s Basel III Common Equity Tier 1 (CET1) ratio slipped to 15.8 percent in Q3
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Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Economythe two EFSF tranches in July and August of 1 billion euros each, counterbalanced by payments of 1.86... to 1 year) and medium (1 to 5 years) term debt. Greece’s cash deposits contracted by almost 1.2
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomysuccessive quarter by 3.1 percent accelerating from the 1 percent posted in Q2. In contrast, Q3... percent. Gross fixed capital formation posted a rise of 1.6 percent QoQ and 1 percent YoY in SA terms... increase to a modest 1 percent for 2014. Total exports rebounded QoQ for the third straight quarter
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Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct
EconomyMacroeconomya slighter deterioration by more than 1 pp to 27.4 percent. For corporate NPLs (for loan amounts above 1 million euros) in particular, a BoG study showed that they are concentrated in a relatively... in the preceding two years, it improved by 1 pp to 50.5 percent at the end of June. BoG urged banks
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyinterventions involve: 1) Subsidized meals for 300,000 poor families (estimated cost at 756 million). 2... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA... banks with an estimated cost of 1 billion euros. 5) Settlement of unpaid tax and social security
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
Economyhas moderated its stance since 2012 advocating: 1) Greece to remain in the eurozone 2) Commitment... that could result in a downgrade include: 1) Prolonged political deadlock and lack of agreement..., developments that could result in positive rating actions involve: 1) Formation of a stable government
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