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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday This year’s bottom line ...
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening. The fiscal performance largely reflect...
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement reveal...
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Primary cash surplus almost halves to 1.1 bln in 2-month
EconomyMacroeconomyGreece’s central government primary cash surplus fell to 1.11 billion euros in the 2-month period of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday. This year’s figure includes arrears’ repayments of 78 million. However...
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin. As we noted in the preliminary figu...
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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomyThe deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday. As a result, the outstanding balance...
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Coalition sets bar low for presidential vote, opts for pre-election rhetoric
PoliticsGreek PoliticsThe government appears to have set 165 as its target for the number of MPs’ votes it hopes... of a SYRIZA government. Prime Minister Antonis Samaras set the tone on Thursday, when he raised... narrowing compared to last month. Kapa Research saw SYRIZA’s lead being reduced from 3.6 percentage
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Parliament starts process of probing Greek debt and MoUs - further division likely
PoliticsGreek Politicsthe inaugural sessions of Parliament’s “Truth Committee for Public Debt” over the weekend. The panel was set... addressed the committee, prompting complaints from opposition parties who saw this as a move... in as negative a light as possible. What is certain is that both of the committees that have been set
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Newsletter 72 - 06/05/2016
for the downturn. 2 The pulse of Europe Selfless Europeans have set the bar high in supporting refugees.... Organised by the Public Diplomacy Council of Catalonia (Diplocat), the one-day event saw a series..., these selfless Europeans have set the bar high and are challenging their politicians to make the leap
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Newsletter 77 - 10/06/2016
procedure could set a precedent that would be open to abuse in the future. Given Pavlopoulos’s stance... on month. Manufacturing production and water supply saw the biggest increases. Jobless rate slips... on Friday, two days later and well in advance of the deadline set by the Finance Ministry. This decision
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