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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking(including the Covid-19 impairment impact of 324 million). Net profits in Q2 came to 82 million versus... million in Q2 from 187 million a year ago, an increase of 52 percent YoY. Net Interest Income (NII... coverage ratio stood at 169 percent in H1 and the net loans to deposits ratio came to 83 percent. Net
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Ring of Fire
Agorashouldn’t forget, though, that for some Greeks the wish of having their life back is not a slogan... with the fallout from its dire situation and the truth is it hasn’t done that particularly well. The fact... of Papathanasopoulou, Zoulia and Tsakalis we cannot abandon others to their fate. If we don’t take the chance to step
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Fear and loathing in Athens: an ex-minister's take on troika reviews
PoliticsGreek Politicsthis fiscal balance the country can pay off its creditors, nothing else,” he said. “They don’t have... that Greece had not kept to its commitments. “They consciously created the belief that “we haven’t done this” or “we haven’t done that” and the troika will come and we will all be held collectively
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One night in Cannes
Agorawith him over the idea. He says he backed the idea initially because he feared that if he didn’t it would... in the euro would have caused a bank run, argues Venizelos. “If I didn’t issue the statement, there would have been no banks left by 9 a.m.,” he said this week. But couldn’t a likely “no” vote
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyfollowed that of T-Bill yields in 2014. In particular, the yield for 3-month T-Bills has retreated by 177 bps year to date to 2.13 percent in June. Similarly, the last 6-month T-Bill yield stood at 2.15
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Greek time deposit rates fall further in August
EconomyMacroeconomyand 6-month T-Bill issues showed a faster decrease of close to 200 bps. The deviation in the rate of contraction between time deposit and T-Bill yields within 2014 mainly reflects last year’s movements when time deposit rates fell by 190 bps, while T-Bill yields remained broadly stable. During the Greek
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Greek deposit and loan rates slide in September
EconomyMacroeconomy. During the 9-month period, the yields of the competitive 3-month and 6-month T-Bill issues displayed... rates and T-Bill yields within 2014 mainly reflects last year’s movements, when time deposit rates fell by 190 bps, while T-Bill yields remained broadly stable. Since the beginning of the Greek crisis
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomymonths. Over the same period, the yields of the competitive 3- and 6-month T-Bill issues recorded... and T-Bill yields is mainly attributed to 2013 movements, when time deposit rates fell by 190 bps, while T-Bill yields remained broadly stable. During the recent crisis years, time deposit rate peaked
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Top SYRIZA officials hint at path to compromise with eurozone
PoliticsGreek Politics(including payments to the International Monetary Fund and interest payments) may be covered via T-Bill issues and some repos. The T-Bill issues, though, would need the approval of the troika as Greece has... or sole purchasers of the T-Bills and might need further liquidity from the ECB to do so. If SYRIZA
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammewith the BoG ELA, albeit at a higher cost of 1.55 percent compared to 0.05 percent for the ECB. T...- and 6-month T-Bills worth 2.4 billion, which are due on February 4 and 11 respectively. Foreign investors... of domestic political uncertainty. Thus, Greek banks will have to cover almost the entire amount of T-Bill
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