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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingbillion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans... respectively. Starting from a fully-loaded Common Equity Tier 1 (CET1) ratio of around 17 percent
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingthat it corresponds to 1 euro per 10,000 euros of card transaction value and to 1 transaction per 8,000 card
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeThe International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... the government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyin new houses rebounded by 1 percent, while those of older houses posted a smaller increase of 0.3..., pointed to a drop in housing prices by 5 percent in 2016 and by another 1 percent in 2017.
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Lenders make proposal to Athens but no immediate breakthrough expected
PoliticsGreek Politicsshould pass 1 percent of GDP in new measures (1.8 billion euros) now and another 1 percent should
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomythan 5 years) debt made up 80.3 percent of total, while short-term (up to 1 year) and medium-term (1
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