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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingin which NPE formation has declined. The bank reported that across the last 12 months, NPE reduction has... was 153 bps over net loans versus 151 bps in Q2. The bank notes that it has around 23 billion in real... (ELA) was completely eliminated during Q3. Interbank repos came to 2.2 billion in September from 3.3
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Unemployment rate at 18.5 pct in Nov as jobless drop below 900,000
EconomyMacroeconomy, the unemployment rate came to 21.1 percent. Unemployment has continued to slowly fall over the last... reached 3.87 million people, marking the seventh time that the figure has exceeded 3.8 million since.... The unemployment rate among women fell by 2.2 percentage points (pps) year-on-year and came to 23.7 percent
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Newsletter 207 -24/05/2019
to tempt voters Although its lead in the opinion polls has been contracting, New Democracy goes... pledge made by SYRIZA in this campaign, where it has made a particular effort to target pensioners... parliament elections, SYRIZA has pulled out the stops with a host of last-minute fiscal promises
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Mitsotakis aims to hit ground running as polls point to clear majority on July 7
PoliticsGreek PoliticsMitsotakis has been giving out more details about what plans he has for his first days in office... has emerged from the crisis and that this should be reflected in the assessments made by credit rating... and 4.8, while Yanis Varoufakis’s party is expected to gain as little as 2.2 percent or as much as 4.4
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BoG report highlights economic challenges, proposes way forward
Economyoutlines the areas where there has been significant progress but it also highlights several risks.... Over the coming years, BoG sees growth of 1.9 percent this year, 2.1 percent next year and 2.2 percent... and responsibilities The BoG notes that Greece has made remarkable achievements over the years and has
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingstock declined by roughly 2.2 billion euros QoQ and came to 14.3 billion euros. This was driven by 1.8... in Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has... portfolio, is scheduled to be closed in November 2019. This multi-asset securitisation has a gross book
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Newsletter 221 -27/09/2019
and decreasing the personal income tax entry rate to 9 from 22 percent. The Greek ministry has been arguing... with the European Commission’s current estimate of 2.2 percent growth, and 2.1 percent for this year... with PPC and a plan that the ministry has in place to improve its finances and viability, will also
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PBO highlights areas of uncertainty for 2020 budget
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week. The PBO has some reservations.... It also has offsetting measures worth 1.9 billion euros so the primary surplus target that Greece
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Newsletter 229 -22/11/2019
of 3.5 percent of GDP in 2020. The EC has an overall favourable view of its cooperation with the new... fiscal targets of 3.5 percent of GDP up to 2022 and averaging 2.2 percent after that. It also envisages... interest rate environment for Greek debt that has manifested itself throughout this year, with the caveat
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Newsletter 240 -21/02/2020
of attempted cover-ups and efforts to interfere with the course of justice. The latest flare-up has been... long called for the identity of the whistle-blowers to be made public. SYRIZA has focussed on the new... of euros for overpriced drugs. The affair has turned into a two-pronged battle over the effort
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