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Newsletter 51 - 12/11/2015
on the evening of November 12 and bondholders of around 1 billion of the total tendered 1.09 billion... an initial indication on November 3, Eurobank announced on November 12 that it has received... and, thus, avoid any official capital support. NBG announced on November 12 the results of its LME
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Greeks deeply pessimistic about future but confidence in euro persists
Societyof those with a negative view improved by 5 percentage points, while the Greek results worsened by 1... 12 months, Greeks had a significantly more negative outlook than the EU average. Around 62 percent thought that the economic situation in Greece would worsen in the next year, an increase of 1
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Athens gears up for Cyprus talks, expecting progress rather than agreement
PoliticsForeign Policywhether Turkey will be represented on January 12 by President Recep Tayyip Erdogan. According to Turkish... the January 12 Conference. Athens had stated that it would be represented by Tsipras on the condition... the framework (in the case of Iran, foreign ministers of 5+1 (UN Security Council members + EU
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Newsletter 204 -03/05/2019
is considering lowering the top VAT rate from 24 to 22 percent and the middle rate from 13 to 12 percent... or 12 percent. Tax refunds rose to 962 million euros in the aggregate period, higher than their target... to S&P, the positive outlook could bring a rating upgrade within the next 12 months if the economic
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ECB stress tests and what they will mean for Greek banks
Economyprovisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... was set at CET1 of 8 percent for the baseline and 5.5 percent for the adverse scenario. The aggregate... newspaper indicated on Saturday that Greek banks total capital shortfall may end up well below 1 billion
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ECB tests find negligible capital shortfalls at Greek banks
Economy. The first is an Asset Quality Review (AQR), with a capital benchmark of Common Equity Tier 1 (CET1) of 8...) and uses both a baseline and an adverse scenario. The capital benchmark was set at CET1 of 8 percent... the net capital issuance of 1 billion (capital increase of 1.75 billion minus repayment of state
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyin October was posted in corporate loans with fixed maturity for amounts above 1 million euros where... percent for amounts lower than 250,000 euros and by 8 bps to 5.30 percent for amounts between 250,000 and 1 million euros. In the other lending segments, the rate of housing loans fell below
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsof Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy... ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows... the percentage of voters who have yet to make up their minds at 6 percent, compared to 8 percent last Friday
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Can Greece learn to love renewable energy?
EconomyFeaturesto an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... for the green power they generate.[8] Furthermore, Greece has invested heavily in wind turbines. The country’s... and short term economic outlook that would be a welcome buffer. [1] http://www.ren21.net/wp-content
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... and closed soon after that.[8] It should come as no surprise then that the World Steel Association... blamed on price volatility of raw commodities. [1] https://www.ft.com
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