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Piraeus Bank reports loss of 247 mln for Q1
EconomyBanking). Pre-provision income (PPI) fell 7 percent to 252 million, reflecting a decline in operating income... to this the network in Greece has been reduced by 33 percent YoY to 903 units and the headcount by 14 percent
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economycompared to the preliminary data published on July 14. On a monthly basis, the primary balance was zero... by 20.9 percent in June. The 6-month figure fell 7 percent to 10.45 billion, 353 million short of target
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Don't let the facts get in the way of "Argentinology"
Agoraand the precautionary line became a program of 14 billion dollars over a three-year period... pick-up only left a small portion of 7 percent of holdouts who refused to exchange, part of which
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred... the previous quarter. The other 7 services with negative growth recorded a single digit drop in Q2
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ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks
Economy. Their outstanding amount of covered bonds stands at lower levels close to 14 billion, with NBG... billion, while Alpha and Piraeus figures are between 7 and 7.5 billion each. Taking into account
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Greek primary budget surplus rises to 2.53 bln at end of September
Economyof Finance (MoF) on Tuesday. These numbers confirm preliminary figures released on October 14. The month... expenditure down 7 percent to 35.91 billion outperforming target by 1.96 billion.
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First Greek presidential vote to set tempo for final ballot on Dec 29
PoliticsGreek PoliticsThe first round of the presidential ballot on Wednesday evening (7 p.m. Greek time) is unlikely to provide any clear indications about whether the current Greek Parliament will manage to elect a new... to 165 as – by our calculations – at least 14 more independent and opposition MPs could back
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Where did all the money go?
Agoraof government bodies via repos worth 7 billion and privatization proceeds in the range of 2.4 billion... interest. This totalled 34.6 billion euros or 14 percent of the combined financing needs. An added
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economyof 6-month T-Bills mature on April 14 and 1 billion of 3-month T-Bills on April 17. Due to the bank holidays... the first issue on April 7 and the second on April 15. Rollovers The rollover of the 6-month T-Bills
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Greek trade deficit rises by 6.9 pct in March after successive falls
EconomyMacroeconomyfell by 13.2 percent to 4.73 billion. The quarterly change stems from a decrease in imports by 7... of trade deficit. In particular, exports posted a double-digit growth (+14 percent), while imports were
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