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Newsletter 104 - 27/01/2017
) to 615 million euros in the fourth quarter (Q4) of 2016, from 310 million in the previous quarter... and matched funding. The ESM reiterated that the implementation of these short-term debt relief measures... pensioners. 2 Eurosystem funding falls for 18th successive month Greek banks have cut
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammebanks to the Hellenic Financial Stability Facility (HFSF) in 2012 and 310 million from its cash reserves...The Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two... million from the Manpower Employment Organisation (OAED). The second important funding obligation
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingbps to more than 310 bps in 2020. It also sees the cost to income ratio falling below 45 percent...) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost... for the whole year. Balance Sheet Eurosystem funding fell by 5.4 billion QoQ to 15.5 billion in Q1
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomydeposits includes gg and other euro area residents’ inflows of 428 and 310 million respectively.... Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros to 87.14 billion in June, reflecting of a sharp fall in ELA funding by 10.44 billion, while ECB
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Greeks tending to shop less often and opt for local products
Society, down from almost 310 euros per month in the previous survey conducted based on 2015 data. Around 60... consumers are making their shopping choices. According to the findings based on data from surveys
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... with a cost of risk at 140 bps. Eurosystem funding remained at 2.3 billion in Q2, unchanged QoQ... consists of TLTRO funding from the ECB, with the Bank enjoying a large liquidity buffer. Interbank
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Why Greece is asking for 1.2 bln back from the EFSF
AgoraI bonds), which for legal purposes was received by the HFSF as a fee. b) 310 million (90 percent of the remaining cash of 345 million) to cover short-term funding needs primarily through purchases... and 15 billion to cover the funding gap and recapitalisation of non-core banks. Thus, subtracting
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economyto beat targets by 310 million, yet at a slower pace compared to the previous months. The year... in the 4-month period to 6.09 billion. That said, several social security items such as social funding
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure. The two sides ...
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PM joins forces with some eurozone partners to lobby for "corona-bond"
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis and eight other European leaders wrote a letter to European Council president Charles Michel on Wednesday, ahead of Thursday’s teleconference, arguing for a coordinated eurozone-level response to mitigate the impact of...
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