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Greek banks in intensive care: What lies ahead?
Agorabank failure cannot be avoided. The resolution tools mainly consist of powers to: 1) Effect private... only become available after the bank’s shareholders and creditors bear losses equivalent to 8... at 24.4 billion. In case of a bail-in equal to 8 percent of liabilities, this corresponds to 24.3
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Eurobank gears up for crucial but contentious capital increase
EconomyBanking) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital... shortfall of 350 million, since its third quarter EBA Core Tier 1 (CT1) ratio of 8.1 percent... stands at around 8 billion euros. Successful capital increases at Eurobank and National will help
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Eurobank: From nationalisation to re-privatisation
Agora, controlling a stake of almost 12 percent. Following a series of delays in the merger process amid the troika’s strong objections on the deal, NBG said on April 8, 2013 that the merger was being..., the cash consideration stood at just 1 euro (similar to Emporiki’s acquisition by Alpha), while
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Greek jobless rate remains stuck at 27.3 pct for third month
Economy. It is noteworthy that a recent press report in Ta Nea daily unveiled that just 8 percent of registered unemployed receive benefits only for the first 12 months they are out of work. The number of inactive... of the country’s population recorded an unemployment rate of 28.1 percent, almost 1 percent point above
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Poor poll figures leave Samaras in quandary over next move
PoliticsGreek Politics1 #Greece — MacroPolis (@MacroPolis_gr) September 27, 2014 Although the 11-point lead is important... over the next 12 months. This has been virtually unchanged throughout the year. Also, only 16 percent of Greeks believe unemployment will fall in the next year. Only 8 percent of respondents
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingat 8 billion at the end of Q3 from 7.5 billion a quarter ago. Gross loans rose 0.9 percent QoQ to 62.8... billion euros QoQ to 12.9 billion, which corresponds to 17.8 percent of assets or 12 percent excluding EFSF bonds. The Basel III Common Equity Tier 1 (CET1) ratio eased to 15.9 percent in Q3 from 16.3
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomy, investments tumbled by more than 63 percent with their current contribution halving to 12 percent... point to a deceleration to 5.6 percent from an 8 percent anticipated for 2014. Imports The other... updated forecast released in mid January implies a downward revision by 1 percentage point since its
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Greek pensions laid bare
Agora1 percentage point. This reflects the fact that GDP contracted by around 14 percent over... sector in 2014 reached 14.4 billion euros, almost 8 percent of GDP, from just under 16 billion... funds lost approximately 12 billion euros as a result of the PSI. At the end of 2014, pension funds
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What's likely to be in the next multi-bill of prior actions Greek MPs will vote on
EconomyProgrammestatement on July 12. This legislation has to be passed through Parliament by Wednesday. This bill... Directive (BRRD) and taxation of farmers.* On the pension reform front, as of January 1, 2023 the new... in excess of 100,000 euros are protected from a bail-in equal to 8 percent of total liabilities
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... 2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... of the shipping industry 12) Reduction in the current 1,500-euro threshold on bank accounts that cannot
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