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Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
EconomyMacroeconomytime this year following the closure of a number of the country’s tourist operators. The more... from 19 million previously. Including cruise passengers, this year’s combined target is 21.5 million... upward revision by 0.5 billion this year, following a similar announcement last month. SETE’s initial
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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
Societybeen a 7.5 percentage point rise in this group’s share during the crisis. This is a far larger... a “rapid rise” during the same period. In both countries the top decile’s share of wealth increased by 3.6... in Greece. The rise in the richest’s share of wealth in Greece during the period in question is also higher
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In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
PoliticsGreek Politicsends before the troika’s returns but also to live up to the pledge Prime Minister Antonis Samaras..., if this attempt to lighten the load will have much of an impact on the government’s ratings but it may give.... The scheme can only be put together after the results of the European Central Bank’s stress tests
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ECB tests find negligible capital shortfalls at Greek banks
Economyeuros. The test comprises of two main pillars for the identification of bank’s capital shortfalls... scenario. Alpha’s CET1 ratios in all three cases stand well above the respective capital benchmarks... million. NBG The static model showed NBG’s capital shortfall at 3.43 billion euros, which is reduced
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingyear, the lender announced on Thursday. Results are not comparable since this year’s figure... provisions, which stood at 368 million up 7 percent QoQ. Similarly to the previous quarter’s performance... provided in the ECB comprehensive assessment, NBG’s NPE ratio stood at 31.2 percent at the end of 2013
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomyattributed to the problems faced by the country’s tour operators in summer. The aggregate figures... October’s strong performance, SETE upgraded its forecasts for 2014 international tourist arrivals... increase on last year’s figure of 20 million. However, SETE has not altered its estimate for direct
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New bribe claims likely to poison Greek politics further ahead of presidential vote
PoliticsGreek PoliticsFresh claims of attempts to bribe opposition MPs ahead of February’s presidential vote have... allegedly told her that she could earn up to 3 million euros if she voted for the coalition’s candidate..., in the alleged exchanges. Melas has recently resisted calls to align himself with the party’s position
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Coalition sets bar low for presidential vote, opts for pre-election rhetoric
PoliticsGreek PoliticsMPs clearly declaring their intention to back the coalition’s candidate, Stavros Dimas. It is also... Democracy’s favour. Two opinion polls over the weekend showed the gap between SYRIZA and the conservatives narrowing compared to last month. Kapa Research saw SYRIZA’s lead being reduced from 3.6 percentage
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Greek primary cash surplus up to 2.61 bln at end of November
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 2.61 billion euros...’s figure of 756 million. The 11-month central government net balance recoded a higher fiscal.... This year’s 11-month cash figure incorporates revenues of 1.31 billion related to the repayment
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First Greek presidential vote to set tempo for final ballot on Dec 29
PoliticsGreek Politicsoptions are stating the candidate’s name (yes), voting “present” or being absent. Switching from “present... is that their total of 22 MPs (10 DIMAR and 12 Independent Greeks) will not support the government’s candidate..., a collapse of party discipline at DIMAR and Independent Greeks appears to be the government’s best chance
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