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  1. NBG reports net loss of 163 mln in 2017, bad loans continue to fall
    Image via www.nbg.gr

    EconomyBanking

    enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales... the sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2... the total book is priced at 86 bps, down by four basis points compared to the previous quarter. The total

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  2. Greece draws strong interest, attractive yield by re-opening 10-year bond
    Photo by MacroPolis

    Economy

    below 1 pct to close to 4 pct in mid-March, until the ECB announced that it waived the minimum... around 1 pct. On Wednesday, Greece drew 2.5 billion euros with a re-offer yield of 1.187 pct, and a re-offer price of 102.87 bringing the total outstanding for the issue to 5.5 billion, following the 3

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  3. Newsletter 176 -28/09/2018

    Newsletters

    in Parliament on October 1 and then send to the European Commission, means that a decision by the Eurogroup... the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel the 1 percent of GDP... on the need for additional pension cuts of 1 percent of GDP in 2019, which were legislated but made

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  4. Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
    Photo by MacroPolis

    EconomyMacroeconomy

    the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2...Greece’s total tax revenues as a percentage of GDP remained virtually unchanged at 33.5 percent.... In absolute terms, personal income taxes made up 20.6 percent of total taxation below the OECD average

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  5. General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    rise of 1 million to 50.46 billion (15.1 percent of the total) and T-Bills were unchanged from... the sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14.... A rise of 47 million in arrears of hospitals was noted in January, along with a rise of 2 million

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  6. General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros to stand at 1.69 billion euros. The equivalent figure for the same time last year was 2... (-43 million), state budget (-24 million) and extrabudgetary funds (-2 million). Increases were noted in hospitals (+13 million) and local governments (+9 million). Since the start of the year, total

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  7. New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million month-on-month in April, bringing the total to 2.29 billion euros compared to 2.08 billion... from the IAPR. Total debtors now stand at 3.91 million, down by 41,276 month-on-month and remaining below 4 million for a third month running. The total for legacy tax arrears (i.e. those created

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  8. Newsletter 109 - 03/03/2017

    Newsletters

    that the basis of discussion with the lenders for the volume of measures needed should be 2 percent of GDP... is still holding out hope that the volume of measures it will have to legislate will be lower than 2... on Thursday that the discussion is currently centred on 2 percent of GDP. It seems that Athens might

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  9. General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent of the total debt. Bonds rose by a slight 2 million to 53.45 billion (15.5 percent... remained unchanged at 2.85 billion, representing less than 1 percent of the total. Guarantees... contributions rose by 3.6 percent to 6.98 billion. Expenditure declined by 244 million euros (1 percent

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  10. Newsletter 183 -16/11/2018

    Newsletters

    in circulation rose by 128.7 million euros in October to total 31.88 billion. 2 Budget primary... of GDP primary surplus target in 2019 even if does not go ahead with the 1 percent of GDP reduction... in the Greek media. Of the total, 25 billion are earmarked for sale or securitisation, 10 billion are due

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