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Growing uncertainty weighs on Greek shares and bonds
Economy. Over the last two months (since January 25 elections) they have lost more than 44 percent... to 21.26 percent, more than 4.5 pp higher from the 16.7 percent recorded on February 23, one day after... and settled at 11.1 percent, more than 1.5 pp higher than the February 23 rate of 9.57 percent. Greece
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyGreece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG). The negative movement... in the travel surplus, which more than doubled YoY to 10.63 million. This mainly reflects an increase
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Greek women having children later, young people taking longer to fly the family coop
Societywith their Portuguese, Italian and Spanish counterparts, Greek mothers aged less than 30 recorded... they were generally 3.3 years older than their brides, with neighbouring Bulgaria recording... than that of Croatia (15.4 percent) and Cyprus (18.6 percent). Greece along with Romania were the only
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomyagainst the legacy tax arrears in Q1 corresponds to more than one-third of the annual target of 1.7 billion, implying that this tax collection is currently better than target. At the same time, revenue... from audits on large corporations amounted to 106.5 million in Q1 corresponding to slightly less than
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economybefore. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4... anticipated in its winter forecasts. For 2016, investment growth projections have been more than halved..., the EC underscores that weaker-than-expected revenues due to lower growth prospects more than
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 1.19 billion in the first... in February and stems from an increase in repos by 1.06 billion more than offset by payments to the IMF... guarantees more than doubled from the end-2014 figure of 60 billion. The year to date movement fully
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgramme, bringing less than 20 million into public coffers. In 2010, the second repatriation law, with a tax rate of 5-8 percent, had a poorer outcome. Less than 150 million deposits returned to the Greek banking... are reportedly claiming that the new target of more than 600 million is too optimistic. Revenue collection
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankinglower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million. The improving... time over the past four years. Pre-provision income (PPI) more than doubled quarter on quarter (QoQ... employees. Impairment losses declined by more than 46 percent QoQ and 42 percent year on year (YOY
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Greece rides the ghost train
Agoraon the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells... is at a loss. The proposal contains more than 2.5 billion euros in fiscal measures over the next two years, which is more than the previous government, led by Antonis Samaras, had been negotiating
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
Economythe last two sessions, Greek shares fell by more than 10 percent, while their cumulative losses... the last two days, bank shares have lost more than 42 percent of their market value over the past 4.5.... The 3-year GGB yield climbed by more than 270 basis points (bps) to 28.53 percent. The yield of the 5-year
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