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Greece on way to 2013 primary surplus as budget outperformed targets by 3.85bn euros to August
Economyfor the second consecutive month in August with the year to date shortfall further narrowing to 1.05... surplus for the second month in a row at 306 million euros in August from 2.57 billion in July... mark for a second consecutive month, with the Jan-Aug figure landing at 30.5 billion euros, down 7.6
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What is the state of play with Greek banks?
Economyof the second quarter) just shy of 14 percent, implying a capital buffer (above the 9 percent threshold... on net interest income in the next quarters. Cost cutting is the second positive factor on the pre.... Although the second quarter results showed that NPL formation has either stabilised or decelerated
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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economyneeds and how much it is scheduled to get from its creditors, in the second half of 2014... from the sale of state assets in the second half next year. IMF disbursements are conditional... not meet this condition at the moment as there is no eurozone financing for the second half of 2014.
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When will Greek banks operate as credit institutions again?
Agorasustainability of the country and could not come at a less opportune moment.[2] The second structural... lenders. A second cornerstone should rest with the conditionality of the aforementioned bank.... Through mergers and acquisitions during the course of the past 18 months it became the second-largest
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Of symmetry and adjustments in the eurozone
Agora, and the slump much more pronounced than necessary. This leads me to the second consequence of asymmetric... that the second-largest global economy is basically free riding on the rest of the world. There are two... of composition: Not everybody can export at the same time. The second, more political, is that by betting
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After Q3 results, what next for Greek banks?
Agoramillion. Cost containment was the second positive element of pre-provision profitability... on NPLs increase) decelerated for the second consecutive quarter. Note that new NPLs exclude those... is that of the second Blackrock diagnostic, which includes a trouble assets review (assessment of NPL
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyin the second quarter. In contrast, exports growth accelerated to 5.7 percent in the third quarter from 0.9 percent in the second quarter, mainly reflecting the strong tourism season as well as shipping leading exports of services up 8.8 percent from -1.6 percent in the second quarter. Unlike the previous two
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Goalposts shift as European elections near and SYRIZA cements lead
PoliticsGreek Politicscoincide with the second round of the local vote, rather than the first. This move carries great political significance because turnout is much lower on the second Sunday of voting. Opposition parties... will be aiming to ensure that the gap with the leftists is small should the conservatives come in second.
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A return to capital markets for Greek banks but no return to domestic lending
Agora, Greece’s second-biggest lender, successfully launched a 500-million-euro unsecured bond... international capital markets in 2009. In a second move both Alpha Bank, Greece’s fourth-largest lender... declined for a second consecutive month in February. Greek banks are starting to receive a vote
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyand footwear prices. The latter is attributed to the (second) interim sales period introduced... then, it resumed an upward trend again in May. Note that the May headline figure is the second highest... to a second deflationary year in 2014, yet at slightly lower to 2013 levels. Marginal inflation
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