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Opposition tries to pin government down over last year's Plan X
PoliticsGreek Politicswith the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half... a range of government officials, Plan X was never intended as a blueprint for Greece to follow... an institutional role. The government’s assertion that Plan X does not hide any dark plans
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations... million in corporate loans, -12 million in small business loans and -7 million in consumer loans... another package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which
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Newsletter 20 - 20/03/2015
to a reaffirmation of the February 20 Eurogroup requiring Greece and its creditors to agree on a set...” measures. Although Athens had the ability to author part of the reforms package from February 20..., this translates into an incremental cost of close to 1 billion on an annual basis, or 80 million per month
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingthe macroeconomic developments in Q1 it would be quite challenging to meet the NPE reduction target (-7 percent... the number of branches decreased by around 20 percent to 721 at the end of December. Impairment losses... deposits increased by around 1 billion to 32.9 billion. As a result, the loan to deposit ratio improved
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingPiraeus Bank’s second quarter (Q2) results from continued operations showing a profit of 20 million... operating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio... guidance for 2019 ranges from 150 to 180 bps over net loans. Balance Sheet Eurosystem funding stood at 1
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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingYoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2. The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ..., where spreads are 20 bps lower than new production, is expected to continue supporting NII growth
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Round of talks nearing end with limited progress, serious doubts about March 20 goal
EconomyProgrammeand pensions worth 1 percent of GDP each, while the government wants lower savings of around 0.75 percent.... Government sources continue to believe that a staff-level agreement (SLA) by March 20 Eurogroup is possible but, at the same time, suggest that the deal may be reached in time for the April 7 Eurogroup
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomyGreece's current account (C/A) balance displayed a surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), reaching 1 billion euros from 1.25 billion in 2014... stocks by 7 billion. Furthermore, residents’ net external liabilities eased by 3.6 billion
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora, ‘China’s Investment in Influence: The Future of the 16+1 Cooperation’, ecfr.eu, December 2016, p. 7...’s export destination.[1] As a land-locked country in the Western Balkans, the FYR of Macedonia... of the agreements between Hungary, Serbia and China along the Budapest – Belgrade Corridor X initiative. When
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