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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PoliticsGreek Politicsan increase in the ELA cap by 1.1 billion but reports suggested that around 1 billion euros was withdrawn...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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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomy). According to today’s figures, GDP eased 1.1 percent year on year (YoY) in Q3, from flash estimate... in exports of goods by 1.5 percent. The 9-month figures point to a decline by 2.5 percent in total
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Economic sentiment stable, consumer confidence down 4.5 pts in November
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European Commission (EC) data showed on Friday. This follows an improvement by 11.3 points in total... to double-digit losses in January and July. On the flipside, the services’ indicator fell by 1.1
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomy), which makes up just a fraction of the total index. Manufacturing and electricity production decreased by 1.3 and 1.1 percent respectively, while water supply production eased by 0.4 percent
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