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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time.... Overall, the drop in the average rates on new deposits by 10 bps and on new loans by 36 bps, led... for the fifth consecutive month a modest rise of 7 bps to 3.81 percent. On the loan rate outlook
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WEF report highlights weakness of Greek institutions and challenges of recovery
EconomyGreece’s competitiveness improved by 10 spots in 2014, at an accelerating pace compared... (GCI). Despite the marked improvement by 10 spots, Greece’s ranking in the GCI is still losing 14... in the basic requirements (now at the 76th place), 2 places in efficiency enhancers (65th) and 7 places
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Newsletter 14 - 06/02/2015
to 10 billion euros of T-Bills to cover Greece’s short-term funding needs, carrying..., with a confidence vote due at midnight on February 10, a day later than initially scheduled... scheduled for this year. 7. Two ministers have also announced that a series of privatisation projects
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economyon April 10 and 13 related to the Orthodox Easter, we understand that Greece will probably auction the first issue on April 7 and the second on April 15. Rollovers The rollover of the 6-month T-Bills... essentially relates to a 10 percent annual dividend on Greek banks’ state preference shares (pillar I
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyidentified this as their biggest hurdle, which is well above the eurozone average of around 10 percent... remained by far the lowest. On a scale of 1 – 10, Greek SMEs rated importance of access to finance at approximately 7, which is the highest in the euroarea and above the average of 5. Greek SMEs also
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Referendum and the ECB to determine the future of Greek banks
Economythat banks would reopen on July 7, at the earliest. However, such a development requires the ECB... for Greek government bonds (GGBs) and less than 10 percent for T-Bills. Pillar II bonds made up 45... eligibility of existing collaterals. An increase in the currently applied average haircut by 10
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Newsletter 33 - 03/07/2015
is prolonged beyond 7 July, it is certainly expected that this will put further pressure both... a short-lived rise by 1 percent in March. The highest decline was posted by automotive fuel (-10... about all these developments, you are in good company. The twists and turns of the past 10 days
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economycost such as marketing (28 percent), salary cuts (11 percent) and personnel layoffs (10 percent.... In particular, 44 percent see them remaining for more than 10 months and 29 percent for 4-10 months... implementing labour market and pension reforms was pinpointed by 7 percent and reducing bureaucracy by just
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Newsletter 37 - 31/07/2015
, following some 7 billion euros lent to Greece earlier in July, may have to be arranged. Alternatively... sales had dropped 10 percent. This reflected a nosedive of 70 percent in retail sales (excluding food... with salary cuts and 10 percent in personnel layoffs. Some 3 percent said they had delays in paying
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme(ENFIA). 7) Reduction in the price of all off-patent drugs and reconsideration of the limits in generics... criteria for large debtors owing more than 100,000 euros 10) Audit of wages and allowances...) An initial amount of 10 billion euros for Greek bank recapitalization as outlined in the Euro Summit
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