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Spain’s economic recovery languishes amid graft scandals
AgoraSupreme Court. This is considered the first victory instigated by the continued protests. Yet, Rajoy’s.... According to the European Commission’s economic forecasts, Spain’s deficit won’t be lower than 6 percent
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No victory, just plenty of misery
Agorato finance this type of fiscal binge you don’t have much of a choice but to cut that deficit. It also... programme the IMF admits that the flaws became evident as early as the beginning of 2011. Yet, Greece
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Politics trumping economic prudence in Greece
Agorahouseholds and businesses that haven’t even reached halfway through this year that such a performance... affairs was dominated by banks. The headlines were captured yet again by Piraeus Bank when it announced
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Newsletter 9 - 30/12/2014
was yet again on full display during the last days of 2014. The election of the country’s president... state. The default option to subsequently increase T-bill issuance in order to finance ongoing
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Voting for brinkmanship while the real economy needs solutions
AgoraAthens’ addiction to partisanship and political drama was yet again on full display during the last days of 2014. The election of the country’s president by parliament through an open roll call may... increase T-bill issuance in order to finance ongoing government expenditure will only further drain
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Newsletter 21 - 27/03/2015
that the government’s ratings remain high is that the opposition has yet to find a coherent alternative...’t quite work out that way. Within a few months of coming to power, Labour abandoned its plans to ban
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China-Greece: One belt, one road?
Agorathe rather unusual step of buying T-Bills of a eurozone member state. The initial financial..., one should not read too much into Beijing’s move. Its volume does not (yet) represent an example
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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
EconomyMacroeconomyshowed it contains pillar II bonds of 13.7 billion, credit claims of 8.7 billion, pillar III bonds, T... by 2.5 billion. Gross loans rebounded by 1 billion QoQ to 52.9 billion in Q1, yet this mostly
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How Greek banks can balance on the collateral tightrope
Agora’ deposits helps the government covering mainly its external funding needs, yet it has a direct negative... percent for T-Bills to 20-30 percent for pillar II and III bonds and up to 50-55 percent for loans
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyand rollover of foreigner investors T-Bill holdings. The PIB was the second key contributor... billion, yet remained 417 million above target. Moreover, PIB expenditure dropped by 45.4 percent
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