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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammethe country’s funding needs over the course of the three-year programme are also likely to come...’s request for a three-year loan from the European Stability Mechanism (ESM) compiled by the European... is interest payments, which are estimated at 17.8 billion over the next three-year period. This comprises
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Newsletter 39 - 21/08/2015
account balance was in surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), falling to 1 billion euros from 1.25 billion in 2014. The YoY deterioration mainly... income surplus by 89 million. June balance is down 20 percent year on year. Industrial index fall
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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomythis year. Around 60 percent of August deductions stem from corporate lending (422 million... reading in the 8-month period with the year to date figure remaining slightly positive pointing to net.... Since the beginning of the year, net deductions in this segment reached 77 million with an overall
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Poverty risk rate in Greece hits high of 36 pct in 2014
Societythat last year, 3.88 million people in Greece – or 36 percent of the country’s population – were... intensity. For the second year in a row, Greece was ranked third in the poverty tables, after Romania... conditions. Over one in five (21.5 percent, compared to 20.3 percent the previous year) were unable to do
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomyin the first 9 months of 2015 from 2.76 billion last year, Bank of Greece (BoG) figures showed on Monday. Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate.... This year’s figure incorporates one-off income of 556 million the Hellenic Financial Stability Fund
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Greece fell two places to 60th in Doing Business ranking, World Bank says
Economya revised 58th place last year with a distance to frontier (DTF) score of 68.38. DTF benchmarks economies.... A DTF score of 0 represents the worst performance and 100 the frontier. Last year’s data and ranking... (79th) is the area where Greece’s position has fallen the most. It declined 8 spots from last year’s
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomy). According to today’s figures, GDP eased 1.1 percent year on year (YoY) in Q3, from flash estimate... percent in Q2. Compared to the corresponding period last year, Q3 GDP dropped 2.3 percent after... percent, while its contribution to GDP more than halved to 11.1 percent this year. Exports Exports
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Economic sentiment stable, consumer confidence down 4.5 pts in November
EconomyMacroeconomyof understanding (MoU) in mid August. However, the year to date balance indicates a drop by 12.6... points to -64.1 in November. As a result, the year to date balance remains negative indicating... confidence rose for the third straight month by 3 points to -16.6 in November, yet the year to date
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Is Regling right to be concerned about Greek liquidity?
Agora. The overall debt servicing requirements for the entire year do not exceed 14 billion euros, which... in the first quarter is close to 1.5 billion euros. March has the largest IMF instalment of the year at 876 million. This year’s interest bill is highest in February, standing at just under 1.6
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomy.[Link to chart - Loans, Total, Balance, Year on Year] The segmental breakdown showed corporate lending eased to 96.36 billion euros in December. Following the positive flow in December, the full year net... euros with deductions increasing to 47 million in December to a total of 167 million for the whole year
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