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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... to 7.42 billion at the end of Q4. Within Q4, EIB issued 3 bonds with a 15-16 year tenor for a total... short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingreflects: 1) Negative impact of 1.16 billion euros from Finansbank (mostly additional impairment of 612... provisions related to a new voluntary retirement scheme to be implemented within 2016 3) Other.... Net interest income (NII) edged up 1 percent QoQ to 474 million euros, largely due to lower
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Greek ministers still hopeful of reaching deal with creditors this month
Economythat the fiscal gap of 3 percent of GDP will be covered via interventions on income tax, pensions and other fiscal measures yielding 1 percent of GDP each. However, he did not comment or provide any detail...’s plan on the income tax reform would yield 1 percent of GDP via a change in the income tax scales
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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomyGreek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3... of 0.61 percent. Overall, the weighted average rate on total new deposits slipped marginally by 1 bp... in March was a sharp drop by 90 bps in loans for amounts over 1 million euros to 3.93 percent from
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IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
EconomyProgrammesustainable, the IMF suggests: 1) Maturity extension of 14 years for EFSF loans, 10 years... would benefit from low ESM interest rates for a longer period. 3) Fixed interest rate for an extended... is weaker (1 percent) and primary surplus lower (1 percent of GDP), debt would not become sustainable
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Central government debt edges down to 321 bln in Q1
Economy1 billion QoQ to 11.03 billion accounting for 3.4 percent of central government debt. The debt...-term (up to 1 year) and medium-term (1 to 5 years) debt. It is worth noting that Greece’s cash..., another 3 billion relate to guarantees to non-gg public corporations, with the bulk (2.03 billion
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Adult skills in Greece lacking, indicates OECD survey
Societyadults (26.5 percent) in Greece are proficient at or below level 1 in literacy (compared to the OECD average of 18.9 percent) and almost 28.5 percent score at or below level 1 in numeracy (6 percentage... percent of adults in Greece attain level 3, the highest proficiency level. This is the fourth lowest
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate... percent a quarter ago. The phased-in Common Equity Tier 1 (Tier1) ratio slipped to 17.5 percent in Q2
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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Central government debt drops to 323.7 bln in Q3 on bond repayments
EconomyMacroeconomythan 1 billion QoQ in Q2, Greece’s cash deposits edged down to 3 billion in Q3 from 3.17 billion... years) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1
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