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Despite pledges, Greeks uncertain and feel recovery will take years
Societytroubles will soon come to an end. According to the Public Issue poll, just 7 percent of Greeks... does all this make Greeks feel? Almost a third (31 percent) said they feel rage or frustration, 14 percent are disappointed, 13 percent are stressed, 10 percent feel ashamed, 7 percent are saddened
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomyby 5.9 percent to almost 14 billion, largely reflecting a rise in non-resident arrivals by 7.5 percent, leading travel surplus up by 7 percent to 12.13 billion. The financial account under direct... 1.6 billion reflecting a rise of 7 billion in residents’ investment in foreign firms’ shares partly
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankinglast year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent... been budgeted for 2018. Gross loans further contracted by 7 percent QoQ to 53.75 billion in Q2... to 13.6 percent in Q2. The pro-forma CET1 ratio stood at 14 percent, adjusted for the risk-weight asset
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... compared to 32 million euros in H1 2018. Core pre-provision income (PPI) increased by 14 percent... versus a loss of 19 million in H1 2018. Operating expenses fell by 7 percent YoY to stand at 408
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesof the utility’s 14 operating lignite-powered generators totalling 3.4 GW (around half of its total capacity... globally for photovoltaic penetration according to the IEA, with solar providing over 7 percent of its..., as of 2017 the country was 7 percentage points behind meeting its EU targets for renewable
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Budget primary surplus at 4.96 bln in Dec, beating annual target
EconomyMacroeconomyeuros, very slightly below target by 7 million euros. The monthly primary balance for December came... revenues came to 60.07 billion euros, higher than the target by 7 million euros. The full revenue.... Tax refunds came to 5.05 billion euros in the aggregate period, above the target by 14 million euros
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingfor the securitisation of the Phoenix and Vega portfolios with a combined value of 7 billion euros... expenses) dropped by 11 percent QoQ and by 14 percent YoY. Deposits in Greece edged down to 46.5... and 7 percent YoY. The cost-to-income ratio (excluding the pandemic-related trading impact) stood
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Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate
Economyspread. The Public Debt Management Agency (PDMA) has now drawn 7 billion euros from the markets via... accounts, with 42 pct coming from the UK, followed by Greece at 14 pct and then Iberia at 11 pct... at 7 pct. It was also reported this week that the PDMA plans this year to prepay some 5 billion
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Sentiment unchanged in April thanks to services gains, consumer confidence also rises
EconomyMacroeconomypoints, from -44.7 points in the previous month. Consumer confidence is roughly 7 points lower..., industry confidence is now up by 2.2 points. The services index had a solid rise of 7 points to 46.5.... is currently down by over 14 points on a rolling 12-month basis.
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 2 percent for 2016. However, the government's baseline scenario projected a marginal primary... to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1 percent of GDP and 3.58 billion for 2016 (2 percent of GDP). On top of that, eight “administrative
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