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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...), the other critical political milestones for February involve the European Council on February 12
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Newsletter 19 - 13/03/2015
-bill and begin implementing after Easter, which falls on April 12 in Greece, to secure.... On the current level of ELA funding of 65.6 billion, this translates to almost 1 billion higher interest... not qualify for ECB eligibility as of 1 March 2015. Thus, if the ECB eases its stance, then Greek banks could
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Newsletter 21 - 27/03/2015
that Greece may achieve a primary surplus of 1 percent of GDP this year if the government does... tobacco advertising in sport and journalists discovered that Formula 1 boss Bernie Ecclestone..., Katrougalos’s legal practice was contracted to win back the civil servants’ jobs in return for 12
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This is how Greece kept its budget on track in Q1
Agoraoutperformance. What lies behind this performance: 1) Other healthcare expenses (covering hospital... the gap reported so far. Other primary expenditure was just 12 million above target in January... contained: 1) Consumption and non-allocated expenditure, which stood at 127 million in Q1 at just 8.1
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBanking-offs of 300 million euros in the quarter. The slight rise mainly stems from an almost 1 pp increase... cash buffer is estimated at 12 billion based on the current collateral valuation and haircut regime... Common Equity Tier 1 (CET1) ratio slipped to 11.9 percent in Q1 from 12.1 percent in Q4 and reflects
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeof 1 percent this year and 3.5 percent in 2020 and 2022. Under scenario A, with nominal GDP growth... with a disbursement of 12 billion from the EFSF (8.7 billion) and SMP and ANFA income (3.3 billion) coupled... tranches between end June and end October. 1) The first tranche involves 1.8 billion euros in 2014
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Where the key differences between Greece and the institutions lie
EconomyProgrammetargeting revenues of 1 percent of GDP and Greek authorities 0.93 percent of GDP. This difference... percentage points (pp) restoring them to their levels before July 1, 2014 when they were reduced by a similar... the amount of 200 million the government is suggesting. The Greek authorities propose a special tax of 12
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economyat the high end (+30.9 percent) followed by Piraeus (+12 percent) and NBG (+9.1 percent). From the non... by 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1 percent. Overall, core pre-provision income rebounded 1 percent QoQ to 321 million. In addition
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomyrose by 37 bps to 6.09 percent in September, while those for higher amounts eased by 12 bps (for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammedisbursement of both the sub-tranche of 1 billion plus the all-important 10 billion for bank... that will create cost savings of 1 percent of GDP in 2016. According to reports, this could mean cuts... Development Fund (HRADF) declared Fraport as the preferred bidder 12 months ago. The cabinet act follows
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