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Q3 unemployment in Greece still at 27 pct despite strong tourism season
EconomyMacroeconomyin the past) increased to 23.3 percent (from 23 percent in Q2). The rise in the ‘long-term’ (>1 year..., which was voted in Parliament on December 7, the Finance Ministry assumes an unemployment rate in 2013... in 2013 also easing by 1 percentage point in 2014, with the Bank of Greece also estimating a similar drop
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Buoyed by troika deal, Greece aims for rapid return to bond markets
Economy) but after the Eurogroup decision on the disbursement of the next tranches (April 1) and new reviews from...) yield dropped below the symbolically important threshold of 7 percent on Tuesday from 7.7 percent in mid... Eurogroup on April 1, the expected start of debt relief negotiations with international creditors
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National Bank follows other Greek lenders' by opting for capital increase
EconomyBankingbillion granted to the Greek state in 2009. These shares are eligible as Core Tier 1 (CT1) capital under... is anticipated to improve its pro-forma 2013 EBA CT1 of 11.2 percent by 7 percentage points to 18.2 percent. Nevertheless, the respective pro-forma Basel III fully loaded Common Equity Tier 1 ratio would land
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBanking). Pre-provision income (PPI) fell 7 percent to 252 million, reflecting a decline in operating income... points QoQ to 109 percent. Eurosystem funding narrowed by 8 billion within Q1 and by a further 1 billion... Core Tier 1 (CET1) stood at 14.4 percent. Taking into account the negative impact from
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomyreiterated it plans to issue 7- and 10-year bond as well as T-Bills with durations of more than 6... following a downward revised modest growth of 1 percent in 2014) and a higher growth in exports (+5.2... territory in 2014 at -1 percent (from -0.8 percent before), turning to a marginal inflation of 0.3
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammebonds will not be eligible for ECB funding purposes as of March 1. This development follows an ECB... and sight recorded inflows of around 1 billion each. However, banking sources stress that outflows accelerated in January and may have reached 10-12 billion corresponding to circa 7 percent of the end
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The state of play with Greek banks' liquidity
Economyinflows of 1 billion each in December. Banking sources indicate that withdrawals accelerated... to the non-eligibility of a particular type of ECB funding collateral as of March 1. This stems... a total of 7 billion euros in the next two months, of which 2.4 billion are due in February
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Newsletter 14 - 06/02/2015
, this is our understanding of what the policy programme would include: 1. The abolition... scheduled for this year. 7. Two ministers have also announced that a series of privatisation projects..., Varoufakis has gone as far as suggesting that Greece’s primary surpluses should be 1 to 1.5 percent of GDP
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammefiscal impact of around 1 billion. Privatisations We believe the Finance Ministry has revised... to submit eight bills introducing structural reforms in the following areas: 1) Strengthening the autonomy...) Allowing the out of court settlement of non-performing loans (NPLs). 7) Adopting a new code of civil
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomyThe interest rate on households’ new time deposits marginally increased by 1 basis point (bp... slightly eased by 7 bps over this period. In contrast, the time deposit rate had followed a sharply... percent in the interest rate on loans with fixed maturity for amounts above 1 million euros. The rate
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