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Newsletter 238 -07/02/2020
of migrants on Lesvos this week was set in motion by others. The inference was that NGOs with ulterior... for it to be concluded by July 2020. The Vega portfolio involves a securitisation of 5 billion euros in gross... percentage points. The overall weighted average interest rate on new deposits dropped by 1 bps to 0.18
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Strong performance of 15-year bond bodes well for market strategy
Economywas dominated by real money as hedge funds held just 5 pct of the offers, while asset managers took up..., it was 1.42 pct but it has been hovering at around 1 pct over the last couple of days... this positive momentum in Greek yields sets the right tone for the primary surplus goal, which is set
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomy, with the consumer price index in negative territory of -0.5 pct. It is due to grow by 1 pct in 2021. The crisis is set to deal a major blow to the budget, leading a deficit of -9 pct of GDP this year... Minister Christos Staikouras accepted that recession this year could range from 5 to 10 pct, abandoning
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBanking. ِAn additional 5 billion euros of loans will include 2 billion euros of state guarantees, 1 billion... that a committee be set up by the BoG to evaluate the reduction in the amount of such documentation
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
EconomyThe European Commission released today its Spring Economic Forecasts, the first official set... Development Bank have created a credit guarantee scheme that would unlock up to 5 pct of GDP in loans... recovering by 5.1 pct in 2021. Private consumption is seen falling by 4.1 pct, public spending to grow by 1
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Greece grapples with second Covid-19 wave as cases soar
Societyand nurseries opened on June 1, a point at which the pandemic was still more or less under control. However... the OECD’s predictions, the Greek economy was set to shrink by 8 percent under a single wave scenario... of Greece which captured the start of what would have been the summer high season, Greece lost almost 5
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Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
PoliticsGreek PoliticsThe government is adding an extra 1 billion euros to the amount it plans to spend on the latest... weeks, having adjusted the set of measures he announced only a few days earlier. The package... the retail sector leads to 5 billion euros being shaved off Greece’s GDP each month. Tsipras
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Greece hopes beaches won't be empty again this summer, but vaccination numbers say otherwise
Agoraover Q2. The original scheduling had included 5 million doses of the AstraZeneca vaccine by the end... of April. Two mega-vaccination centres have been set up in Athens and Thessaloniki under... (a little over 550,000 people) are fully vaccinated, and 11.7% (just over 1 million people) have
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingGreece’s banks have started what was set to be a difficult year for them by winning plaudits... its results on March 16. But this is more a reflection on its planned 1 billion-euro share capital... sees its NPE ratio at 5 percent by the end of 2022, with NBG planning to reduce its ratio to 6
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Newsletter 295 - 07/05/2021
, the night-time curfew was extended until 11 p.m., after having been set at 9 p.m. for months. All... in June. As of May 5, almost 2.3 million people - or 21.2% of the population - had received at least one dose. Just over 1 million Greeks (9.7%) had received both jabs. Speaking during an online conference
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