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Greece aims to bolster Balkan role to dull impact of EU veto for Skopje, Tirana
PoliticsForeign Policyin accordance with Article 1 (3) shall commence at the opening of each EU negotiation chapter... affected by delaying the beginning of North Macedonia’s EU accession are: Article 1 paragraph 10... following the agreement are referred to in paragraph 9 of article 1. They add that Skopje has a clear
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankingwhich is far above the European Union average of 3 percent and the ECB-supervised institutions... internal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammebillion euros, or 1 pct of GDP, and as such the primary surplus goal can drop to at least 3 pct over... hinges on securing a 1 pct of GDP reduction in the surplus goal. The Greek side is arguing... on the borrowing front, but this is offset against the poor long-term growth trajectory of 1 pct. There is also
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Newsletter 247 -10/04/2020
has set aside 1 billion euros. The firms that claim the money back will have to repay it to the tax... and 3 in 4 self-employed and freelancers. Already 80,000 applications have been submitted... showed that imports from non-EU countries fell by 1 percent. Those from EU countries rose by 3.4 percent
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Greece draws strong interest, attractive yield by re-opening 10-year bond
Economybelow 1 pct to close to 4 pct in mid-March, until the ECB announced that it waived the minimum... around 1 pct. On Wednesday, Greece drew 2.5 billion euros with a re-offer yield of 1.187 pct, and a re-offer price of 102.87 bringing the total outstanding for the issue to 5.5 billion, following the 3
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Labour market developments in Greece during Covid-19
Agoraas possible. Let us look at unemployment in more detail. What do the numbers from ELSTAT tell us? Figure 1... 3 above. Here are its main takeaways: The deep downturn in real GDP during the euro crisis... the pandemic (e.g., SURE)[1] have sought to alleviate the impact on the labour market. Recommendation
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingmillion compared with the same quarter of 2020. Core pre-provision income (PPI) rose by 3 percent year... in interbank repos to 200 million. Deposits increased by a further 1 billion euros in Q1 to reach 48.3 billion euros. New loan disbursements exceeded 1 billion in Q1. Capital The Common Equity Tier 1 (CET1
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingexited moratoria at the end of last year. Just 3 pct of the ex-moratoria clients are currently in default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... Net interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomynot changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... of the 4.5 pct growth will come from private consumption rising by 3 pct, a similar level to the rise... to circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... in Greece stand at 28.9 pct based on the latest available data for 2020, or more than 3 million people
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