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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016 rather than 4.5 percent, 3 percent in 2017 and 3.5 percent from 2018 onwards. The impact of the two... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... somewhere between 25 and 28 percent, compared to 36.3 percent in the January vote 3) New Democracy’s... in the previous months 4) Golden Dawn is set to pip To Potami for third place again, with the two parties
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The case of SYRIZA's fiscal performance
Agora—cautious management to keep the primary balance strong (3 percent of GDP surplus on average) and renewed... distribution towards higher-income earners.[3] One new element in the mix is that Greece has submitted an ambitious and promising recovery plan to the European Commission, and is set to receive some €33
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Newsletter 397 - 13/10/2023
the timeline it has set out for providing compensation to farmers affected by the flooding in central... will in fact pick up pace next year, rising to 3 pct, from 2.3 pct this year. Investments are seen moving... in their growth outlook, as the Bank of Greece also sees growth close to 3 pct in 2024. Speaking to Reuters
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Newsletter 436 - 11/10/2024
yearsThe new fiscal reality that the Greek government will have to deal with was set out in black... has moderated but is still prevalent in Greece at around 3 pct. This, combined with the government’s.... CPI Inflation was broadly stable in September, with prices rising by 2.9 pct, from 3 pct
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingin Q3 from 31.8 percent in Q2. Out of the total NPLs of 17.1 billion, corporate NPLs amount to 6.3 billion (33 percent of total), mortgages to 4 billion (21.7 percent), small business loans (SBL) to 3.7 billion (50.5 percent) and consumer credit NPLs to 3.1 billion (44.6 percent of total). NPL
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NBG strengthens capital at deep discount, falls short of initial target
Agora. The bank said it has raised a total of 1.17 billion euros so far, including the outcome... billion. Since the bank aims for state aid to cover its total capital needs, the remaining bonds from... and including the burden sharing measures (bail-in), NBG would strengthen its capital by a total of 1.77
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingto SBL and 3 billion to consumer loans. It is worth noting that the management said that 70 percent... the NPE mix with retail loans making up 55 percent of total NPEs, the bank said that the retail NPE... 20 percent each to the total NPE cut, while write-offs will make up the remaining 40 percent
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyconsumption fell by 2.1 percent, leading total consumption up by 0.6 percent. Private consumption retains the lion’s share of GDP, making up 69 percent of the total figure. The latest European Commission... stayed flat QoQ and rebounded 12.1 percent YoY. Overall, total exports fell 1.5 percent in 2016 entirely
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingwas -66 million, followed by small businesses (-64 million) and consumer loans (-3 million... million in Q2. As mentioned, the target for NPE stock across the rest of the year is for the total... are in Athens and Thessaloniki. The total portfolio is worth around 22.8 million. P&L NII was more or less
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