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Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...
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Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
EconomyMacroeconomyGreece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday. In January 2024, the balance showed a surplus of 1.8 billion euros. The Bank of Greece notes...
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Greece exceeds expectations with first return to bond markets after four years
EconomyGreece reached around 90 percent, the ministry said. The principal amount of the 5-year bond stood at 3.... This meant there was a sharp yield decline of 1 percentage point in February and March, whereas the yield... to around 1 to 1.5 percent, which would translate into annual cost savings of around 200 million euros
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Greek banks set for early ELA return in apparent precautionary move
Economyfollowing deposit outflows of 3 billion euros in December, a process which is continuing in January, as well as the much higher participation of Greek banks in T-Bill auctions (3 billion euros), as foreign... would no longer be eligible for ECB funding from March 1. However, it appears that liquidity
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Newsletter 13 - 30/01/2015
surpluses of between 1 and 1.5 percent of GDP rather than the current target of 4.5 percent. What.... According to its economic programme, SYRIZA believes it can raise 3 billion a year in revenues from... the 3 billion figure circulating in the media. Even during the most difficult period for deposits
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Newsletter 16 - 20/02/2015
fell short of target by almost 1 billion euros. One of the reasons for this revenue lag, according... owe less than 5,000 euros, stand at just 3 percent (2.3 billion) of the outstanding amount of 76... to collect at least one-third, or 3 billion. The presented initiatives would amend the current legislative
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingon year (YoY). Impairment losses rose 3 percent QoQ to 378 million, while the full year figure... ratio at 45 percent. Gross loans rose by almost 1 percent QoQ and 2.7 percent YoY to 72.1 billion... contracted by 3 percent QoQ to 64.9 billion. The 2.2 billion QoQ drop in Q4 in entirely due to its Greek
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Newsletter 21 - 27/03/2015
Govt finalises reform list Athens hopes approval will see release of 3 billion euros All... is expected to be held next week. The government hopes that approval of the list could unlock around 3 billion... that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does
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Greek banks’ loan quality is deteriorating
Economyeuro2day.gr reported that an additional 1 billion euros in NPLs was created in March. If confirmed, this 3.... Assuming a stable coverage ratio, the jump in NPLs by circa 3 billion in Q1 2015 means that Greek banks...’ common equity tier 1 (CET1) ratios stood at adequate levels at the end of 2014, ranging from 12.1
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Greece rides the ghost train
Agorafor the next few years (1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... this out in a blog post on Sunday. Lenders are demanding 3 billion euros of fiscal measures... million euros (0.5 percent of GDP) this year and 1.8 billion euros (1 percent of GDP) next year. We must
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