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Newsletter 258 -07/17/2020
this week, although it also spent much of the week trying to tighten restrictions and stepping up readiness... to restrictions as the government amped up measures at borders. Opening Greece’s borders to welcome tourists... of visitors appears to be so low that the government is not going to be able to avoid coming up
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Central government debt increases by 1.04 bln to 362.87 bln in Q2
EconomyMacroeconomyof the year showed that T-bills made up 53.8 percent of all government borrowing, followed by fixed bonds (45.4 percent). European Investment Bank (EIB) loans made up 0.8 percent. The majority of FSM..., representing 17 percent of the debt. T-Bills came to 12.80 billion and made up 3.5 percent
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingthat no auctions had taken place in Q2 due to the pandemic. Up to the first half of 2020, 412 property... in the beginning of Q4 2020. P&L NII came to 390.7 million, up by 2.5 percent QoQ or 9.5 million, positively... million, up by 10.1 percent YoY. This is mostly attributed to a higher contribution from cards, asset
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ICU shortages provide opposition with fodder in political battle over Covid-19 strategy
PoliticsGreek PoliticsThe opposition parties are ramping up the pressure on the government over the public health system.... The opposition also claimed that just 9 of the 50 ICU beds gifted by Parliament are up and running due... health system are being paid. The centre-left party followed this up by asking the government to present
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingmonth period (9M) of the year came to 130.4 million euros, up by 42.7 percent compared to last year... of repossessed assets, management said that 374 had taken place in Q3. Up to the first nine months... percent. In Q3 2020, net fee and commission income came to 84.8 million, up by 9.5 percent QoQ
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SYRIZA ponders election footing, slow vaccination rollout rate troubles govt
PoliticsGreek Politicson possible early elections. Party officials have set out a roadmap up to April to complete all internal... of expectations. Instead, the plan drawn up involves concluding a series of regional membership meetings, leading up to a virtual planning meeting to focus on the agenda. The party leadership is focussing
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Govt concerned by virus mutations, encouraged by increase in vaccination rate
PoliticsGreek PoliticsThe speeding up of the vaccination process is welcome news for the government in a political sense... the rate not picked up it would have damaged the ruling centre-party’s efforts to cultivate an image..., compared to 14 pct for SYRIZA. SYRIZA dominates on the centre-left, scooping up 45 pct of support
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Central government debt increases €9.15 bln to €374 bln in Q4
EconomyMacroeconomy. A breakdown of the composition of new borrowing in 2020 showed that fixed bonds made up 52.5...) loans made up 2.1 percent, while loans under the EU’S SURE program to mitigate unemployment risks...-Bills came to 11.8 billion euros and made up 3.2 percent of the total, while repos increased
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Data for total revenues in Q2 reflects recovery from end of lockdown
EconomyMacroeconomybillion euros, up by 29.4 pct year-on-year (YoY). ELSTAT has been monitoring the impact of the pandemic... to 33.68 billion euros, up 28.4 pct YoY, followed by manufacturing, which jumped by 37.6 pct YoY to 17.98..., up by 22.4 pct YoY. Wholesale and retail sales came to 9.15 billion euros, up by 22.4 pct
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About-turn over ministry post undermines impact of PM's reshuffle
PoliticsGreek Politicsdecision not to take up the new post overshadowed what was a fairly limited shakeup... tried to get one up on his political rival by including a former SYRIZA minister in his cabinet... if this assessment is taken at face value, the government is currently made up of 56 ministers and deputy
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