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Where Greek banks stand ahead of capital needs disclosure
Economyin their business plans until 2017. The capital needs will reportedly be based on the baseline (rather than.... The lender believes the proceeds will more than cover its potential capital needs. Nevertheless, the recent
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What lies at the heart of differences over Greek banks' capital needs?
Economylarger than the one the BoG has reportedly arrived at. In addition, the newspaper states that senior... estimates are most likely based on the adverse rather than the baseline scenario for the domestic economy
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomystable at 23.3 percent. In contrast, the ‘long-term’ (more than 1 year) unemployment further rose... than one percentage point to 26 percent in 2014 and further to 24 percent in 2015 and 21 percent
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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomy, the housing non-performing loans ratio has jumped to 25.8 percent at the end of September 2013 more than 3.5 times higher than the figure (7.4 percent) at the end of 2009, according to the latest official data
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomymore than counterbalancing the coincidental inflows of 2.35 billion recorded in December. The monthly negative flow reflects savings and sight outflows of 323 and 269 million respectively more than
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent... worse than the 3.7 percent indicated in flash estimates. GDP contraction in 2012 was also revised
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyGreece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday. The state budget balance
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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomyprimarily reflects an improvement in the income account by 149 million more than offsetting a widening.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop
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Greek retail index dropped 4.3 pct in January
EconomyMacroeconomydue to increased sales during the Christmas period more than offsetting the impact from the launch... the drawn-out revival in domestic consumption. The turnover headline index settled 28 percent lower than
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DIMAR rules out coalition return but sees general elections on horizon
PoliticsGreek PoliticsAntonis Samaras and Deputy Premier Evangelos Venizelos, rather than their parties: New Democracy... there are serious ideological differences, rather than a disagreement over a particular policy
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