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How Greece's electoral map changed radically over 10 years
Agoraof 43.9 percent vs. 33.5 percent for ND. The socialists gained more than 3 million votes, while... by SYRIZA, a party whose main target two years earlier was to pass the 3 percent threshold to enter..., as anticipated, never materialised. This time, ND led by 2 points among the over 55s, who were
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National Bank first to test market waters in post-election afterglow
Economy2 percent just before the election. That’s still a level that would have been unthinkable even a few months ago, with yields doggedly above 4 percent for most of last year and only dropping below 3... conservative approach of selling about 3 billion euros of three or five-year securities. With about 35
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgramme. This is expected to have a fiscal impact of 2 billion euros. He repeated the pledge to phase out... has asked government departments to find 3 billion euros of savings in order to fund the tax cuts... to 3 percent from 5. However, the biggest change is regarding businesses as New Democracy plans
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomysees the Greek economy growing by 2 percent this year and 2.2 percent in 2020. In the previous WEO..., growing by 3 percent year-on-year. In the forecast horizon, growth is seen slowing down... and 1.4 percent in 2020. The current account deficit will stay broadly stable at 3 percent this year
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomyaverage interest rate on all existing loans stood at 4.06 percent, down by 3 bps. The spread between... and overdrafts, dropped by 2 bps to 14.30 percent. The average interest rate on consumer loans with a defined... The overall weighted average interest rate on new deposits dropped by 3 bps to 0.23 percent. The average
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Newsletter 244 -20/03/2020
euros for economic support, the government will add another 3 billion euros from the budget to that, and another 3 billion from the National Strategic Reference Framework (ESPA). The latter involves... hotels and 24,819 for seasonal hotels. 2 Confirmed cases rise to 464 Deaths increase to six as PM
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Greece issues new 10 yr bond as investor appetite returns
EconomyGreece completed its third market foray for the year by issuing a 10-year bond of 3 billion euros... that fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros. The two prior issues..., leading to the issue being oversubscribed by 5.6 times, compared to 3 times on the mid-April issue
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking. In Q2, NII reached 367 million, higher by 2 percent YoY and quarter-on-quarter (QoQ). Asset quality NPEs... fee income came to 151 million, up by 3 YoY, driven by loan generation, asset management... of 3 percent YoY and 12 percent QoQ. The main contributors were new loan generation, as well
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Banks step up securitisation drive following pandemic interruption
EconomyBankingannounced. Alpha submitted a request for the use of just over 3 billion euros of state guarantees... on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1..., which is several times above the EU and eurozone averages of close to 3 pct. This is why
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Defence spending, economic support plans dominate PM's policy speech
PoliticsGreek Politics, as a percentage of GDP, spending on defence has remained at 2 pct of GDP or more throughout this period, well... jobs, many of which had been trailed for weeks in the local media. The key interventions include a 3... suggested that the new support measures require 3 billion euros, which is the same amount that Greece
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