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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyIn an unexpected move, the Bank of Greece (BoG) repealed a previous cap on the deferred tax asset (DTA) recognition in Greek banks’ Core Tier 1 (CT1) calculation, resulting in a positive impact on their capital ratios effective in the fourth quarter of 2013. The banks’ index jumped 2.4 percent
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Topsy-turvy ride continues for Independent Greeks, as another MP goes
PoliticsGreek PoliticsDeputy Merchant Marine Minister with a previous New Democracy government, is using the party as his
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Greece closes 2013 with 691 mln budget primary surplus despite late investment spend
EconomyMacroeconomy, also including repayment of previous years’ arrears on the expenditure line. According to MoF
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomytheir recapitalisation process last June, which somewhat distort the previous ratios, their net Eurosystem
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C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
EconomyMacroeconomywith a meaningful positive contribution to the C/A balance evolution this year. Unlike previous years
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyin the previous month. Loans to sole proprietors was the only sector showing a positive growth (0.9
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyprevious years. The bulk of these revenues are reported on a modified cash basis in the January budget
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Troika returning to Greece but key decisions still months away
PoliticsGreek Politicsto be completed? In contrast to previous reviews, the key stumbling block this time is structural rather
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomybillion with a significant contribution to the C/A balance this year. Unlike previous years
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Greek primary budget surplus doubles to 835 mln in Jan but below target
Economyand levies from previous years. The bulk of these revenues are reported on a modified cash basis
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