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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economycapital gaps privately rather than tapping the Hellenic Financial Stability Fund (HFSF.... At that time, Greek banks successfully carried out capital increases of 8.3 billion euros, thereby more than... reflected in the bank share performance, which has plummeted 23 percent in the last month. More than
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How Samaras backed himself and Greece into a corner over bailout exit
Agoraless than SYRIZA. Together with PASOK, Samaras’s party had a bigger share of the vote than... of a government on the run. In less than five months, the coalition has backed itself and the country... for a no-holds-barred political battle rather than paving the way for a reform-driven turnaround
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Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
EconomyGreece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY... budget bulletin published on Monday. The reading is 60 million euros lower than the preliminary figure... target by 2.41 billion, which is significantly better than the over-performance of 1.6 billion
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Income inequality in Greece has grown during crisis, OECD report shows
Societyyears, with the top tenth of society earning 12.3 times more than the poorest in 2012, up from 10.5... concentrated at the top than income, exacerbating the overall disadvantage of low-income households. In 2012.... This group fared considerably worse than the median and the top 10 percent. The impact
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyInvestment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than 300 million) more than..., and landed at 840 million, 535 million better than target. Revenues The final budget figures showed... was due to be paid by the end of July, whilst this year less than half of taxpayers were due to pay
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Greek teachers low paid, but work shorter hours in smaller classes
Societytheir careers, rising to €25,752 at the end of service. In Greece, the report underlined, less than 5... teachers also spent much less time teaching than many of their peers. While public primary school... per day, on average, compared to more than five hours in Chile, Colombia and Latvia. The report noted
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomyto September. Meanwhile, tax refunds were 31 million lower than the September target, but the 9-month... at 34.83 billion, 1.06 billion better than target. As we have previously noted, September was one... of the corporate income tax. We understand that higher than targeted revenues in September could
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBanking’ (performing or past due less than 90 days) NPEs widened to 27.6 percent of total NPEs in the first half from 26.2 percent in December, while performing exposures past due less than 90 days fell to 12.2... past due more than 90 days as well as denounced loans accounted for 28.3 and 44.2 percent of NPEs
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingat the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion.... The qualitative characteristics revealed that the ‘unlikely to pay’ (performing or past due less than 90 days... performing exposures past due less than 90 days slowed to 10 percent of performing exposures
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Report highlights latest living conditions and demographics in Greece
Societylonger than their male counterparts, they enjoyed fewer healthy years. Of the 21.6 years additional life expectancy, just 6.8 years of these are calculated as being healthy years, 2.8 years less than... since 2007 than those for men. Marriages According to the report, civil marriages overtook religious
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