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Newsletter 19 - 13/03/2015
, the key catalysts for returning to profitability this year are, first, the evolution of non-performing...-adjusted unemployment rate rose to 26.1 percent in Q4 of 2014, from 25.5 percent in Q3. On a year-on-year... in the number of employed by 1.6 percent to 3.54 million. Year-on-year basis, however, unemployment fell
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomythirds year on year (YoY), landing at 1.02 billion euros in the first two months of 2015 from 3.17 billion in the corresponding period last year, according to the bulletin published by the Ministry... fiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomy. The year to date primary surplus outperformance is mainly attributed to lower primary expenditure... in the 3-month period, 11.6 percent above last year’s figure, but it outperformed the target by 1.61... in the year to date shortfall to 386 million from 877 million in the 2-month period. March's figure
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This is how Greece kept its budget on track in Q1
Agoraof 190 million that were initially due to be reported in the first two months of the year. April... its stance on the ENFIA payment for this year. The property tax may be retained for another year... in the first half of the year, with the actual figure in Q1 coming in almost exactly on target
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Greek economy slips into recession as Q1 GDP contracts by 0.2 pct QoQ
EconomyMacroeconomyon the economic recovery. The flash estimates also showed the year on year (YoY) growth rate of Q1 SA..., as Greece completed the sixth year of its recession. Since 2008, Greek nominal GDP has narrowed by 26 percent. The government expects the economy to grow this year by more than the 0.8 percent
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomyeconomic recovery this year. The provisional data also showed the year on year (YoY) GDP growth rate... consumption remained flat QoQ and rose 1.6 percent YoY in Q1. Last year, household consumption had... is tourism which recorded a strong performance last year. The initial SETE estimates for 2015
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Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomyfor the 5-month period shows tax debt amounted to 5.23 billion up by 0.7 percent year on year... million MoM, which is the second highest monthly rise within the year. It is also noteworthy... this year points to a decline by 1.15 billion from the end-December figure and reflects revenue collection
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How Greek banks were left on the brink
AgoraAlmost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which... time, lenders’ fundamentals began deteriorating again. Banks’ market value at last year’s issue... in the second half of last year. This was mainly evident in the housing loan segment, where borrowers
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyfrom 26.35 billion in the corresponding period last year. The recorded increase in the disposable... shows a high fluctuation within the year and is not indicative of the whole year performance. Gross... billion less than a year ago. As a result, the saving rate of households (defined as gross savings
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Newsletter 36 - 24/07/2015
Banks face stress tests Government aims to complete recapitalisation by year’s end Speaking... this year, while insured deposits will continue to be safeguarded beyond that date. This is probably... of 2015, up from 26.35 billion in the corresponding period last year. In Q1, disposable income was up
1%