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Array of centre-left leadership candidates edge towards watershed vote
PoliticsGreek Politics, this would fall far short of the 50 percent +1 of the vote needed to win outright on November 12...Campaigning is in full swing for the leadership of the centre-left in Greece, which is due to be contested in a first round of voting on November 12. The leadership contest is the latest development
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How Greece sleepwalked off a cliff in 2009, in black and white
Agorain September was 1.5 percent of GDP, while during the year the deficit had been growing by 1... was expected to reach 30 to 35 billion euros, something between 12 and 14 percent of GDP. Debt was seen... reaching somewhere between 10 and 12 percent of GDP. Just days before the report was issued and with all
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General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
EconomyMacroeconomythe sales of nonfinancial assets declined by 12 million, standing at 2 million in January versus 14... million) and state budget arrears (-46 million). Arrears to extrabudgetary funds fell by 12 million... rise of 1 million to 50.46 billion (15.1 percent of the total) and T-Bills were unchanged from
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Newsletter 202 -12/04/2019
on November 1. According to the agency’s plans, 120 inspectors will be tasked with going after debts... for the latest 12 months since April 2018 showed a rise of 0.8 percent. Greece’s Consumer Price Index (CPI) rose... of the year. The average CPI for the latest 12 months since April 2018 showed a rise of 0.8 percent
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What brought down Golden Dawn?
Societyof the second MoU, their support in opinion polls skyrocketed from 1.5 percent at the end of 2011 to 12... 12 percent of those who had cast a vote for Golden Dawn in September 2015 switched to Greek... briefly joined the coalition government in 2012. In fact, only 1 in 10 Golden Dawn voters in May 2012
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingincome (PPI) declined by 12 percent quarter-on-quarter (QoQ) to 188 million. When excluding one-off... 248 bps in Q1. Net fee and commission income increased by 12 percent QoQ to 77 million. In H1... guidance for 2019 ranges from 150 to 180 bps over net loans. Balance Sheet Eurosystem funding stood at 1
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Industrial production rises by 1.2 percent in Sept
EconomyMacroeconomyby 1 percent after a revised increase of 0.9 percent in August. The annual movement was driven... non-durables (+12 percent) followed by consumer durables (+11.7 percent), capital goods (+3.5... were noted in the mining and quarrying production index (-12 percent) and the electricity supply
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politics12 months) and an annual income of less than 15,000 euros, families where both parents have been unemployed for less than 12 months and whose annual income is below 15,000 euros and families... the scheme, which was launched by the previous government. Since it was launched on July 1, 35,670
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General govt primary cash surplus at 899 mln in January, arrears rise by 38 mln
EconomyMacroeconomymillion euros to 147 million euros. Interest paid and subsidies both rose by 12 million euros. A drop... decrease came from tax refunds with a drop of 55 million euros. This was followed by hospitals (-12... entities dropped by 6 million euros month-on-month, while non-gg entities fell by 1 million. With bank
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingeuros in Q4 from 11.6 billion in Q3. In the last 12 months, NPEs have been reduced by 4.7 billion... 366 bps in Q3. Net fee income increased by 12 percent QoQ to 68 million in Q4, driven by wholesale lending fees, as disbursements towards Greek corporates accelerated to 1 billion in the quarter
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