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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... amount close to 1 billion euros, creating a similar revenue gap in case this levy is abolished
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Newsletter 19 - 13/03/2015
. On the current level of ELA funding of 65.6 billion, this translates to almost 1 billion higher interest... not qualify for ECB eligibility as of 1 March 2015. Thus, if the ECB eases its stance, then Greek banks could
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammerules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42..., there is a number of issues that need to be clarified regarding the MoF announcement: 1) Whether the three
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Growing uncertainty weighs on Greek shares and bonds
EconomyThe bond market showed an up to 1 percentage point (pp) upward movement in Greek government bond (GGB) yields, which stand close or above their post-PSI highs. The 3-year GGB yield rose by almost 1 pp
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Newsletter 20 - 20/03/2015
, this translates into an incremental cost of close to 1 billion on an annual basis, or 80 million per month... Common Equity Tier 1 (CET1) ratio ranging from 12.1 (Piraeus) to 15.2 percent (Eurobank). The fully
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingratio at 45 percent. Gross loans rose by almost 1 percent QoQ and 2.7 percent YoY to 72.1 billion... eligible collaterals in the form of pillar II bonds. The bank’s Basel III Common Equity Tier 1 (CET1
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomytime outflows of 4.68 billion, while sight and savings also recorded outflows of 1.9 and 1 billion... reached 1 billion last week, according to local media. Banking sources had indicated that outflows had
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Newsletter 21 - 27/03/2015
that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... tobacco advertising in sport and journalists discovered that Formula 1 boss Bernie Ecclestone
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economy: 1) A break-down in negotiations between Greece and its creditors leading to alternative solutions... bonds probable. In contrast, the following developments could result in a rating upgrade: 1
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammefiscal impact of around 1 billion. Privatisations We believe the Finance Ministry has revised... to submit eight bills introducing structural reforms in the following areas: 1) Strengthening the autonomy
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