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Greek bank capital increases: A breakdown of what has been achieved
Economydevelopment was the issue price of this year’s capital increases compared to those carried out last year..., a substantial discount of 80 percent over last year’s price of 1.54 euros. In addition, NBG last issue price of 2.20 euros was also at a significant discount (49 percent) compared to last year’s price
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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. The yield on the 6-month T-Bills has retreated by 145 bps in the year to date. It was at 2.70... a more acute fall in yield on the 3-month notes. It was down by 180 bps in the year to date, falling
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Unemployment rate edges down for sixth straight month to 26.8 pct in March
EconomyMacroeconomyJune 2013. A similar pattern is also evident in the year on year (YoY) movement of both items... women remains above the 30-percent mark for the second consecutive year, at 30.6 percent in March from 30.8 percent last year. The respective rate among men fell at a faster pace to 23.8 percent from
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsto deliver the planned primary surplus of 1.6 percent of GDP this year if revenues continued... for the achievement of the primary surplus target of 1.5 percent of GDP (2.75 billion euros) this year... for a boost later this year, when it has to implement more controversial measures, such as pension reform
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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomypercent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG... deficit of 4.02 billion last year. The BoG calculates the central government figures on a cash... for arrears’ payments of 2.69 billion last year and 181 million this year as well as expenditure
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Societyof Greeks without a job for more than a year ranged between 48 and 55 percent since Greece joined the euro.... In the first quarter of this year just under 1 million Greeks (958,700) were out of employment for more than a year. This represents over 71 percent of all those without work. Extensive research has
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsjudges an extra 70 million euros a year. It is a move that should help repair relations between.... On top of that, the coalition has to pay them an extra 69.6 million euros per year. The amendment adopts a decision issued last year by a special court that rules on wage issues. As such, the government
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyposted in the first four months of the year. In any case, the June reading indicates Greece remains... in the harmonized CPI, which slipped 1.5 percent year on year but increased 0.5 percent month on month. The year on year decline of 1.1 percent in the June CPI mainly reflects a drop of 3.9 percent
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyupwards by 0.3 percent MoM. The year on year (YoY) figures showed a decrease in the number of employed... million. This year’s peak of 3.39 million came in February. The monthly movements in the absolute... above the 30-percent mark for the second year in a row, yet it eased to 30.7 percent in April from
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Public deficit and democratic duty
Agorain October of that year. The suspicion about Greece’s deficit figure and the circumstances in which.... By May 2010, Greece had a financing gap of 35 billion euros for the rest of the year, so it is difficult... was at 23 billion euros, almost twice the projected amount for the entire year. With the inclusion
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