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Central gov't cash surplus rises by 53.8 pct to 603 mln in January
EconomyMacroeconomyGreece’s central government net balance on a cash basis showed the surplus widening by 53.8 percent to 603 million euros in January from 392 million last year, according to the Bank of Greece (BoG... year’s figure of 636 million. Both figures are in line with the preliminary January budget execution
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof the year. In 2008, before the crisis broke out, Greece’s C/A deficit stood at just under 15... 2 percent in 2014. The key risk to the BoG’s short-term projections lies with the funding ability
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Cooperatives on Cyprus: Why they were treated differently to banks
AgoraNo country in an island in today’s integrated world. Thus, the lessons learned in one place can be used to identify problems elsewhere. Despite starting from a different source, the banking collapse... of the cooperative sector’s non-for-profit nature to steer it to a new age. *Alexander Apostolides
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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyGreece’s trade deficit narrowed 2.1 percent to 1.4 billion euros in December, while the respective figure for 2013 fell 11 percent to 19.34 billion, according to the Hellenic Statistical Authority... drivers for the substantial improvement of Greece’s Current Account (C/A) balance in 2013. The latest
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Greek retail index dropped 4.3 pct in January
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 4.3 percent in January and volume eased by 1.9 percent, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday. Both headline figures show a decelerating trend on a yearly basis compared to December’s performance
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Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
EconomyMacroeconomypercent in the previous months with positive implications on bank’s interest expense. Another positive impact arises from the ECB’s move to cut its rate by 0.25 percentage points in mid-November
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Are investors getting a bargain with Eurobank?
AgoraThe Hellenic Financial Stability Fund (HFSF) said on April 15 it approved the 1.33-billion-euro offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals... to a 6-month lock-up period if this situation arises. The HFSF became Eurobank’s dominant shareholder
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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomyGreece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG). Despite posting a deficit of 910 million euros in March, the 3-month primary cash balance remained
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyeach year landing at 139.1 percent in 2018. The government’s forecasts for privatization proceeds... 2014 resulting in a reduction of funding needs by 5.1 billion. This amount equals to the country’s
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OECD sees Greek recession continuing in 2014, slower recovery to follow
EconomyMacroeconomyrespectively are not comparable with the EC’s recent estimates of 2.9 and 2.1 percent. The OECD..., the think-tank’s figure for 2015 is 5 pp points higher than that coming from Brussels. Achieving debt
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