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Newsletter 10 - 09/01/2015
figure is the lowest reading since August 2012. The drop is mainly attributed to a 1.1 percent month... added to the electoral register. As the electoral campaign has started to heat up in Greece over... household bills, which make up the majority of arrears. The corporate consumers and the broader state
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomyto a drop of 15 percent on the end-November figure of 164.3 billion on the back of political... and are made up by central government at 6.6 billion, local government at 2.2 billion and social security... broadly stalled after the February 20 Eurogroup, yet they peaked up again the previous week.
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomyto 72.98 billion euros in March from 73.25 billion in February. The year to date drop by 809 million... and legacy debt amounted to 76.45 billion euros at the end of March, up by 2.66 billion year to date... a new law on the settlement of tax arrears in up to 100 instalments. The initial fast-track process
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Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Economya drop of 1.7 percent in April and 1.8 percent in the 4-month period. Proceeds from the bank... collected from the settlement of tax arrears in up to 100 instalments. Alternate Finance Minister... below target. In particular, VAT revenues were up 0.3 percent in April and down 2.4 percent
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomy) and edging up to 4 percent in 2016. Overall, net exports are expected to ease 0.5 percent in 2015... falling by 1.4 percent, similar to the drop posted in 2014. Marginal inflation of 0.3 percent is anticipated for 2016. On the fiscal front, the OECD notes that fiscal consolidation will ease up, also
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Lenders dismiss Greek proposals but SYRIZA also ups pressure on Tsipras
PoliticsGreek Politicsthe minimum wage. The offer from the institutions is for them to drop demands for further labour... a deal back. There is a real fear that he will lose the contest if he asks them to put up or shut up
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Newsletter 31 - 19/06/2015
assistance (ELA) funding of Greek banks to 74.4 billion at the end of April, up from zero... 40.8 percent in Q1, up from from 39.9 percent in Q4. In absolute numbers, NPEs exceeded 100 billion... The Turnover Index in Industry fell by 2.3 percent in April for the sixth straight monthly drop. The decline
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Bank recap and NPL management create conundrum in bailout talks
EconomyGreek banks’ possible capital needs. In addition, a total envelope of up to 25 billion euros would... and large companies the key criterion would be the EBITDA, whilst for housing loans the anticipated drop...). A bad bank would offer a more rapid clean-up of banks’ balance sheets, yet it poses a moral hazard
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Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
EconomyMacroeconomybailout programme in mid-August. The outstanding balance edged up to 121.14 billion in August... - which also incorporate general government as well as euro and non-euro area residents – edged up... billion to 124.06 billion in August. This mainly reflected a similar drop in the Emergency Liquidity
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Portuguese election: Where those who lost may decide
Agorais that it will probably be those who lost that will clear up this uncertainty rather than the election winners... rate in Portugal will drop this year almost 1 point compared to April estimates, although growth... going to allow the coalition to rule or will he wait for the right moment to trip it up? Also
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