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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Economysale is almost half compared to the 2.5 - 3 billion rumoured in the past few days, while the yield...” The MoF statement also notes that total offers reached 3 billion euros, materially lower than the 20.... This would allow the disbursement of the next sub-tranche of 1 billion also paving the way for Greece
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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyreleased before three months. Private consumption is seen growing by 0.5 to 1 percent (from -2... to around 2 percent in 2014 (from -3 percent before), in line with official estimates, on the back... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomy& private non-profit institutions eased 3 percent in June, unchanged from May, with balances remaining... credit landed at 27.74 billion down 2.7 percent with marginal net deductions of just 3 million in June... proprietors accelerated to 1.5 percent in June from 1 percent in May, remaining the only sector posting
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomywith that of March are the highest readings so far in 2014. In particular, housing loan balances fell 3 percent.... Balances amounted to 27.64 billion with net deductions increasing to 75 million from just 3... 1, 2015.
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomythan the 2.5 percent incorporated in the MTFS and slightly below the EAP target of 3 percent... plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds... as of July 1, 2014), a positive carry-over effect from GDP evolution in the second half of 2014
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What would a clean bailout exit for Greece mean in numbers?
Agorathat it would have to roll over. 2017 and 2019 reflect the 3 and 5 year issues earlier in the year... in 2015 and 2016. Servicing costs of the IMF loans come to just over 1 billion euros annually in 2015... 2022 and 2042. Up to 2015 the servicing of that debt has a 2 percent interest, increasing to 3 percent
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBanking(ATEbank, 3 Cypriot banks’ operations in Greece and Millennium Bank) over the past two years... by 3 percentage points QoQ. Piraeus also disclosed an approximation of its non-performing exposure (NPE... bond non-eligibility. The Basel III Common Equity Tier 1 (CET1) ratio fell to 13.4 percent in Q3
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Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomyinstitutions eased 3 percent from 2.9 percent in the preceding 3 months. Balances dropped by 475 million... of decline decelerated by almost 1 percentage point to 3.8 percent, which is the lowest reading since
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammebeen fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any...’ recapitalization. 3) Compliance with Growth and Stability Pact obligations. 4) Improvement in the current account balance. 5) Access to capital markets. Despite the issues of 3- and 5-year bonds until
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingthe acquisition of 6 banks (ATEbank, the 3 Cypriot banks’ operations in Greece, Geniki Bank... BoG study showed that corporate NPLs (for loan amounts above 1 million euros) are concentrated... corresponds to obligations to more than one banks, while are also past due for more than 3 years. The same
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