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Greek trade deficit widens by 26.9 pct in December
EconomyMacroeconomythis year and reflects an increase in imports and exports by 13.3 and 4.3 percent respectively. Exports... month after the year high of 2.51 billion euros posted in October. The growth rate in imports is the highest in 2014 and the eighth positive reading of the year. The absolute figure showed December
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Greek funding needs add to pressure in talks between Athens and lenders
EconomyProgramme) is due in the second quarter of the year. In July and August, there are two major redemptions of Greek... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative amount for the whole year stands at 22.5 billion euros. There were needs of 0.5 billion in January, which
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Greek CPI falls 2.8 pct in Jan for second largest drop since 2001
EconomyMacroeconomyexhibited a broadly similar trend in December declining by 2.8 percent year on year (YoY) and 1.2... percent). Greece remained in deflationary territory for the second consecutive year in 2014, when... to retreat 0.7 percent this year.
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You've heard the Greek crisis myths, now here are some truths
Agoraausterity to close the deficit from year one. This approach would also have had a knock-on effect... loan tranches until late last year). However, it is a mystery why anyone would consider that Greece... percent last year. One of the most comprehensive accounts on the performance of Greek exports
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Newsletter 16 - 20/02/2015
than 3.5 times higher than last year’s figure. The full year figure, though, showed a surplus.... The full year figure showed a surplus of 1.66 billion (up by 52.2 percent). 2 Playing safe... that they would no longer have jobs, even though it won the election in March of that year
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Economyand showed the primary surplus halved to 443 million euros in January from 835 million last year.... Similarly, the budget balance posted a surplus of 367 million, down 40.7 percent from last year’s... year, slightly better than target. The positive PIB balance stems from a jump in PIB revenues to 193
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Office prices and rents saw substantial fall in H1 2014
Economyto be published twice per year and have 2010 as the base year. BoG said that price indices are valuation..., particularly in case of negative changes. Office prices dropped 6.9 percent year on year (YoY) in H1, 2014
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingexpenses decreased by 14.1 percent QoQ to 452 million. For the whole year, core expenses were cut by 5.8... at 494 bps in Q4 from 216 bps in Q3 with the full year figure settling close to 3 percent. Loan loss..., particularly in mortgages in the first two months of the year. This most likely reflects the borrowers
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBanking) QoQ to 1.77 percent in Q4 and further by 4 bps in the first two months of this year. Deposit NII... exit scheme (VES). For the whole year, expenses fell by 11 percent to 1.37 billion. Over the last two... corresponding to a cost of risk of 2.85 percent. For the whole year, cost of risk stood at 5 percent
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What in the world will we do without barbarians?
AgoraJust as the five-year anniversary of Greece’s first EU/IMF programme approaches - and despite... per year, which in 2000 and 2001 represented approximately 7 percent of GDP. With the effective... payments to 8.6 billion euros in 2003. In that year the primary surpluses of the previous three years
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