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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof GDP), according to the Bank of Greece (BoG). The C/A deficit in December more than halved to 215... by the BoG, the Ministry of Finance and the troika in the first half of 2013 pointed to a C/A deficit of between 1 and 2 percent of GDP in 2013. The BoG’ estimates included in its interim report
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Where Greek banks stand ahead of capital needs disclosure
EconomySenior officials from the Bank of Greece (BoG) met on Thursday with the top management of the four... and minimal or even zero for Alpha and Piraeus. Although the date of disclosure by the BoG has... by the BoG and close to 11 billion by the HFSF. The possibility of the Greek government using
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What lies at the heart of differences over Greek banks' capital needs?
EconomyFollowing a meeting last week between Bank of Greece (BoG) senior officials with the top management... larger than the one the BoG has reportedly arrived at. In addition, the newspaper states that senior.... The BoG figure is probably based on the baseline scenario for the economy, which sees Greek banks
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Eurosystem funding for Greek banks eases by 2.18 bln in January
EconomyMacroeconomyin January easing by 2.18 billion euros, according to the Bank of Greece (BoG) monthly financial... from the European Central Bank (ECB) and the BoG Emergency Liquidity Assistance (ELA) mechanism stood... of 2012 and 47.8 percent (64.8 billion) since its peak at 135.60 billion in June 2012. BoG launched
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingneeds. The latter were identified by the Bank of Greece (BoG) under the baseline scenario following... ahead of the release of BoG stress test results. At the time Eurobank had already experiencing a capital... was below the BoG threshold of 9 percent. The four-month delay is attributed to several setbacks related
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyto the Bank of Greece (BoG). The moderate rise by 25 million euros year on year (YoY) mainly... reflecting a 27.3 percent rise in travel spending by residents abroad. BoG data also unveiled that non... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point
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Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
Economyreceipts increased by 16.4 percent to 12.15 billion euros, according to the Bank of Greece’s (BoG) final...) targets of 17 million arrivals and 11.5 billion receipts. Apart from the headline figures, the 2013 BoG... by 7.5 percent year on year, according to the BoG. Although dropping by 3.9 percent, arrivals from UK
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomybillion last year, according to the Bank of Greece (BoG). The moderate increase reflects a rise... to a 3.2 percent drop in exports and a 3.5 percent increase in imports. BoG notes that the key... in the 4-month period, while imports rose by 1.2 percent. That said, BoG underlines that the key negative
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyis expected to be tabled to Parliament by early September. Bank of Greece (BoG) sources told Capital.gr... could potentially recognize in its accounting DTA the remaining amount of around 2 billion. The BoG... on the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomynegative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG...-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus... respectively. BoG also noted that the 6.2 percent YoY increase in the trade balance is mainly owed
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