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Greece draws strong interest, attractive yield by re-opening 10-year bond
Economybelow 1 pct to close to 4 pct in mid-March, until the ECB announced that it waived the minimum... around 1 pct. On Wednesday, Greece drew 2.5 billion euros with a re-offer yield of 1.187 pct, and a re... billion euros offers, including roughly 1 billion from the lead managers and approximately an hour later
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Newsletter 262 -04/09/2020
for 2021 the 7 billion euros of stimulus measures adopted so far this year. Also, to avoid putting... in the local media, the government is aiming to spend 1 to 1.5 billion euros on arms and equipment... 10-year benchmark yield from below 1 pct to close to 4 pct in mid-March, until the ECB announced
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingNet interest income (ΝΙΙ) rose 7 percent YoY to 591 million, also rising by 1 pct QoQ. Net fee... in default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... of the bank’s blended funding cost to nearly zero in H1 (1 bps), compared with 19 bps in the second quarter
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyto circa 1 pct of GDP, from roughly 7 pct last year. The latest package announced for energy subsidies... not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized..., at least into February. Since September, the authorities have committed more than 1 billion euros
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Newsletter 359 - 18/11/2022
that the Greek state licensed Predator for 7 million euros and agreed to pay another 150,000 euros...’s voting intentions, support for New Democracy has dropped by more than 1 percentage point since..., it will grow by just 1 pct, mostly due to tighter monetary conditions, and ongoing loss of disposable
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Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policycountries are due to meet in Athens under the “3+1” format, with the participation of their American... Cooperation (P-TEC) conference, hosted by Greece on 6–7 November, with more than 400 participants... time, it is seeking to convince Washington to reactivate the “3+1” energy partnership at the foreign
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomypercent of total. The upper bracket, related to tax debt in excess of 1 million euros relates to 2,500... previously expected that more than 20 billion of unpaid taxes will be incorporated in the new... for the 100 instalments. Also, the cap on anyone owing more than 1 million euros benefitting from the payment
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DTA may spell new trouble for Greek banks
Agoracapital) times year’s loss. As an example, if a bank reports a pre-tax loss of 1 billion euros and has a capital base of 10 billion of which 2 billion or 20 percent stems from DTC, then the bank will proceed with a capital increase of 200 million (20 percent of loss) that would be fully covered
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof 1 percent this year and 3.5 percent in 2020 and 2022. Under scenario A, with nominal GDP growth... tranches between end June and end October. 1) The first tranche involves 1.8 billion euros in 2014... (redemption of GGBs held by the ECB of 3.5 billion due on July 20) and the remaining 500 million would
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyrecorded a marked rise of 572 million YtD to 1.18 billion and make up more than 20 percent of total... to 13.6 percent of total. Around 1 billion from the first sub-tranche of 13 billion Greece received on August 20 is due to cover arrears’ payments. In an interview with To Vima on Sunday, the caretaker
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