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Significant post-election economic challenges await Greek coalition
Economy) to 1 percent constant for the next 50 years. This could result in total savings of 25 billion (14... of total loans is among the key reasons banks are still in a deleveraging mode. Also, lending... billion in 2013, 1.9 billion of new arrears were created in 2013. The total figure is currently
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Newsletter 139 -10/11/2017
this month. The government is hoping to share out at least 1.1 billion euros from this year’s fiscal... the figure for the same time last year. Overall, the total stock of overdue obligations, including legacy... and exports grew by 1.7 and 1.1 percent, respectively. As a result, the trade deficit excluding these two
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Travel balance up by 18.2 pct in October on increased foreign arrivals
EconomyMacroeconomyof 14.2 percent and came to 782.4 million euros. For euro-denominated countries, the total rise... visitors increased by 31.7 percent, while visitors from France rose by 1.1 percent. A drop of 17.2 percent... percent) and the US (-0.7 percent). In total, EU 28 arrivals rose by 10.3 percent. Those from euro
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomyof Greece achieving overall balances to three years, after a total surplus of 0.7 percent in 2016 and 1.1... last October, when it expected a total deficit of -1.7 percent of GDP for 2017, a deficit of -1.1... the unfavourable macroeconomic conditions, Greece turned around a total deficit worth 15.1 percent
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Newsletter 277 -11/12/2020
patients are intubated and Greek hospitals remain under extreme pressure. The total number of deaths...) with an annual fall of 880 million euros, bringing the total figure to a surplus of 171 million euros... of 1.33 billion, taking the total to 2.08 billion euros. This was followed by social contributions
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Asking Greece to stack more austerity measures ignores past failings
AgoraStability and Growth Pact, that included a total of roughly 9.4 billion euros of savings and revenue... of measures by the end of the year on top the existing interventions. (Table 5). That brings the total... billion euros. (Table 2.2). Greece’s programme started going off track early in 2011 when it became
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Banks try to build on growing confidence
EconomyBankinggrowth of 2 percent this year and 2.2 percent in the next, with much of its outlook based on Athens... their bad loan reduction targets to bring the total of non-performing exposures (NPEs) to stand... levels, with the CET1 ratio for the total at 15.8 percent in March 2018, although the large size
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Newsletter 226 -01/11/2019
points for 2021 and 2022, meaning the new goal will be between 2.2 and 2.5 percent, close to what.... Greece auctioned 625 million euros and the total amount offered was just above 1.8 billion euros... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingmillion euros versus 363 million euros in Q4 2019. A total of 1.5 billion in new loans were disbursed since early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest... and rose to 2.2 billion in the year to date, which is in line with the bank’s new loan origination target
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Newsletter 314 - 29/10/2021
, vaccination rates in Greece remain some way below the EU average as less than 65 pct of the total... of new bond issues and 2.2 billion euros of new share capital raises. Alpha Bank and Eurobank issued 1... and 500 million through the latest green bond. Since the pandemic started, the total amount of bonds
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