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Who benefits from Greece’s return to the markets?
Agorapercent or even lower. This downward yield adjustment was already in evidence in the T-Bill auction..., but a step-by-step approach to lower its payment obligations on the yield side. Since Greece... into equal opportunities for the real economy. This primarily concerns lower interest rates offered
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomyto 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG... at 15.88 billion, 241 million lower than BoG number. Interest payments on a cash basis rose 3.7 percent... 13. Half of this deviation is attributed to lower revenues and the remaining to higher expenditure
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomy-escalating at much lower levels, albeit with delay, was also evident in the T-Bill issues this year... percentage points lower. For lower loan amounts, the respective difference of Greek rates to euro-area
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomysurplus is lower by 10.7 percent, while the budget deficit has narrowed by 10.1 percent. However... outperformed targets by 1.48 and 1.63 billion respectively. The over-performance reflects lower... in the 7-month period to 4.02 billion euros, which is 144 million lower than target. Following a stronger
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Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
EconomyMacroeconomyin the corresponding period last year, the primary surplus is lower by 10.8 percent, while the budget deficit... reflects lower expenditure (by 1.22 billion) and higher revenues (by 713 million). The breakdown... than offsetting lower property taxes (by 246 million) and other income tax (by 178 million
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBanking. The slight improvement mainly reflects higher deposit NII and lower funding cost, which more than offset lower loan and bond NII. The key factors affecting NII are continued deleveraging, improvement... for the fourth straight quarter to 58 percent in Q2 from 56 percent in Q1. In addition, lower loan loss
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingan improvement of net interest income (NII) by 4.4 percent QoQ to 500.3 million. NII was bolstered by lower... figures indicated that around 30 percent of restructured loans may become NPLs. Despite lower provisions... and Eurobank at 103 percent and lower than Alpha’s at 119 percent. Eurosystem funding remained flat QoQ at 10
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyin Greece reached 21,930 euros, lower than that in Slovenia (24,472) and Cyprus (22,740... wages correspond to two thirds of the average of the 15 most advanced EU countries, stand lower than... towards higher GDP and lower unemployment levels without a current account deficit under two key
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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... 20 percent lower than in 2007. The rating agency highlights that a drop in the unit labor cost... envisioned by the troika. The rating agency stresses that its lower projection is politically more feasible
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBanking, the second warrant exercise in July resulted in a slightly lower share to 66.9 percent. The second.... For Piraeus, the figures are significantly lower at just 0.7 percent and 44 million respectively, while NBG’s figures stand at much lower levels. Based on the assumption that warrants are fully exercised
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