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Newsletter 49 - 30/10/2015
of 2 billion euros. A few days later, on October 27, the government’s council for economic policy... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2... were used up, government arrears climbed to almost 6 billion euros, capital controls choked numerous
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2... price or previous issue prices (including those capital increases covered by HFSF). 6) The liability
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingEmergency Liquidity Assistance (ELA) usage. Deposits fell by 13.7 percent QoQ in Q2 and further by 2... modest growth by 2 percent QoQ in Q2, core PPI significantly improved by 20 percent QoQ to 330... billion for NBG and 4.93 billion for Piraeus. Banks are required to submit to the SSM by November 6
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBanking, 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes... brings the maximum capital support from private investors at 2.6 billion. The remaining 2 billion... Tier 1 (CET1) capital of 6 billion and CEt1 ratio of 9.5 percent. The announced capital actions plus
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyEmployment Agency (at 42.7 percent of the FY target of 750 million) 2) Other SSFs expenditure (at zero versus... million) 6) Other social protection income support (at 36.6 percent of the full year target of 130... of the sub-tranche of 2 billion on November 24 is expected to improve the state’s liquidity and according
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingfor cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... funding fell by more than 6 billion QoQ to 25.3 billion at the end of December and further to 24.3... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBanking. The bank estimates a further reduction in staff costs by up to 6 percent to around 500 million... billion euros, the majority (15.6 billion) relates to loans, 5.1 billion to pillar II bonds, 2 billion... billion euros of deposits, with the bank targeting to capture 2 billion of those inflows.
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeunconstitutional the pension cuts implemented in 2012 (estimated cost of 2 percent of GDP) 2) Personal income... and for entertainment services books and periodicals from 6 to 13 percent. In contrast, the IMF
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284... million. 5) No increase in pensions in 2018 – 187 million. 6) Lower pensions for surviving relatives... million. 2) New methodology for calculation of self-employed contributions based on declared
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Newsletter 77 - 10/06/2016
billion, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80... unemployment reading is the lowest since April 2012. 2 The mangling of truth Inaccuracies have become a daily
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