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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgramme, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... are required for clearing state arrears to the private sector (7 billion) as well as rebuilding buffers... for privatization proceeds of 2 billion and primary surplus of 9.4 billion that could reduce accordingly funding
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... of the FY target of 750 million) 2) Other social security funds expenditure (at zero versus an annual
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from..., Greek lending spread fell 7 basis points (bps) QoQ resulting in lower loan NII. For the whole year... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... of 31.5 billion, clear arrears up to 7 billion and building state deposits by 5 billion at the end... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount
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Newsletter 100 - 16/12/2016
that it is not willing to countenance the idea of adopting further measures to close the 2 percentage point fiscal gap... in Berlin on Friday with the impression that the IMF’s demands for another 2 percentage point... to a drop of 7 percent. Moreover, the corresponding surface and volume figures recorded a bigger
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingincreased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... banking and asset management with risk-weighted assets (RWAs) of 28.4 billion and an NPL ratio of just 2
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomy(mostly credit cards) edged down by 2 bps to 14.52 percent. Moreover, the housing loan rate fell by 7...Greek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2... Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December
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Newsletter 169 -06/07/2018
, 30 or October 7. Then, his government will have to get parliamentary approval for the changes..., growing by 2 percent this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve.... Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent
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Newsletter 186 -07/12/2018
in bonds maturing in 2019, while the repayments to the IMF amount to just short of 2 billion euros... to a report in To Vima weekly last weekend, Greece will look to raise 7 billion euros from the markets...’s growth to 1.7 percent. On an annual basis, GDP growth has stayed above 2 percent for four out
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