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Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomybillion euros showing a marginal rise by 6 million compared to the corresponding period last year... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target... foreign bond placements. The remaining amount of 6 billion will be partly met by Greek banks repaying
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomy, the MoF anticipates the primary surplus will reach 3.6 billion euros (2 percent of GDP), lower than... as well as T-Bills with duration higher than 6 months. The MoF also notes that the coverage of short..., public consumption is seen remaining in negative territory (-2 percent). According to the MoF, domestic
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Newsletter 1 31/10/2014
billion euros under the baseline scenario and 4.6 billion under the adverse one. This included the 6... surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... improved by more than 12 points. Economic sentiment peaked at 104.1 in June. 2 Banks still face
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... reiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6... in negative territory (-2 percent). Unemployment is seen easing by 0.7 percentage points (pp) in 2014
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyprevious estimates published on May 6. For 2015, OECD expects GDP to accelerate to 2.3 percent (from... in the implementation of pending structural reforms that could undermine investor sentiment, 2) the very...: 1) more credit from the banking sector following the recapitalization, 2) better export performance
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The government decisions that could shape the future of Greek banks
Economy. HFSF currently holds: 1) a minority stake in Eurobank (35.41 percent) and 2) a majority stake... Anastasia Sakellariou on February 6. Discussions focused on the HFSF activities to date, its... of this intervention was estimated at 2 billion euros. Since further details have not been disclosed
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeand also connect with KEPE, the government’s Centre for Economic Research. 2. The second reform involves... to be hired on a strictly short-term, casual basis (up to 2 months and without any prospect of being... specified a revenue target. 6. The sixth reform relates to anti-bureaucracy, self-informing public
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