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Greek deposits down 4.2 bln in Dec for highest outflows since June 2012
EconomyMacroeconomyand sight recorded inflows of 1.1 billion and 932 million respectively. Time outflows most likely... for the full year. Total deposits - which also include euro and non-euro area residents – fell by 5.1
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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economyreflects a MoM drop in the number of employed and jobless by 0.8 and 1.1 percent respectively... to 173,526 in December corresponding to 16.3 percent of total from 11.4 percent in November. The number
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Eurogroup leaves Greece in limbo, with liquidity drying up
PoliticsGreek Politicsconsequences. The governing council decided on Tuesday to increase Greece's ELA limit by 1.1 billion euros, taking it to a total of 80 billion. There was no increase in the haircuts applied to Greek
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyAs expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April from 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG... so far in May, by 2 billion on May 6 and by 1.1 billion on May 12 taking it to 80 billion. Bank
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How Greek banks can balance on the collateral tightrope
Agorabonds, stood at 38.5 billion bringing their total Eurosystem funding reliance to 112.8 billion. The ECB decided on May 12 to lift the ELA cap for Greek banks by 1.1 billion to 80 billion. Banking sources
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Newsletter 27 - 22/05/2015
February. It had been rumoured Athens would ask for the ELA cap to be increased by 1.1 billion..., bringing the total Eurosystem reliance to 112.8 billion. Assuming a current average haircut of around
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn... on this issue, which is in total contrast with the Greek government’s insistence that its creditors who
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How big is the gap separating Greece and the institutions?
EconomyProgrammeto this year since the new VAT rates will be effective from July 1. Apart from the total estimated... create a fiscal gap of around 2 billion euros for 2015 (1.1 percent of GDP) and 3.4 billion
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economythat is theoretically collectable based on legislation. The latter is called VAT Total Tax Liability (VTTL). The study showed that VTTL grew by 1.2 percent in 2013, while collected VAT increased by a lower rate of 1.1
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomycompared to same period last year (YoY) displayed the growth in the number of employed slowed to 1.1... benefit resumed again above the 10-percent mark, at 10.6 percent of total in July from 8.4 percent
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