Athens central bank: economy shrinks by 4.5 percent

athens central bank: economy shrinks by 4.5 percent

This is already the fifth year of recession, according to a report by the central bank, which was made available to dpa on monday. At the end of 2012, greece will have lost almost one-fifth of its economic output over the past five years. The greek economy had slumped by almost 7 percent in 2011.

Unemployment is also expected to rise further, reaching a record 22 percent this year. The country could only emerge from the crisis if it adheres to the reform and austerity program, the report says.

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Svb: too early for end of interest rate increases ?

Josef Pschorn and Philipp Graxenberger from XAIA Investment deal very intensively with the international credit markets and comment for us below on the current events surrounding Silicon Valley Bank.

SVB: Too early for end of interest rate increases ?

The bankruptcy of Silicon Valley Bank

Just three months ago, Silicon Valley Bank (SVB) was the sixteenth largest bank in the United States. Last Friday, the U.S. bank, which specializes in startups, was closed and placed under government control. On 8. On March 3, the U.S. credit institution announced that it had sold a portfolio of U.S. government bonds and mortgage-backed securities (MBS) at a loss of USD 1.8 billion and intended to strengthen its balance sheet with an emergency capital increase of USD 2.25 billion. The following day, customers withdrew $42 billion in deposits – more than a quarter of total deposits. As a result, the institution could no longer maintain its business operations and had to be closed due to the threat of insolvency and imminent liquidity problems.

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The revolving fund: a permanent source of finance for welfare work

Revolving loan fund gives BFS 1974 long-term financial scope for lending to charitable institutions.

The Federal Republic of Germany provided BFS with approximately 452 million German marks in 80 loan agreements from 1957 to 1974. In the meantime, the BFS has repaid just under 65 million; there are therefore repayment obligations of around 387 million deutschmarks. The Federal Association of Voluntary Welfare Workers (BAGFW) and the BFS are therefore developing a plan to move away from the issuance of more and more loan agreements by the federal government to a permanent smarter solution: Already after World War I, the relief fund of the time had administered and disbursed federal loan funds under a so-called revolving institutional loan fund. The special feature of the revolving credit fund: repayments by borrowers are not returned to the state, but can always be reissued as loans. Thus, the fund volume is permanently available for financing projects of welfare institutions.

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Credit cards in greece

If you have never been to Greece, you don't know what you have missed. It is a wonderful island with beautiful beaches. A vacation in Greece is one of the best decisions you will ever make. Many people describe a trip to Greece as a trip to paradise; it really is a breathtaking place.

In Greece, most payments are made in cash, but this does not mean that credit cards are not accepted. If you visit Greece, you can therefore take along your credit card as well as cash. It is important that you choose a credit card that does not charge fees for foreign transactions. Not all businesses accept credit cards, as some prefer cash.

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Get now the heating promotion nrw!

Get now the heating promotion Nrw!

Heizung Forderung Nrw is a subsidy program offered by the state of North Rhine-Westphalia that gives households the opportunity to upgrade their heating systems to state-of-the-art technology. The subsidy reduces the financial burden on households and protects the environment.

Heating promotion Nrw

The state of North Rhine-Westphalia offers a heating subsidy for citizens of the state. The subsidy helps citizens reduce the cost of installing or replacing a heating system. There is a combination of a grant and a low-interest loan. The grant can cover up to 50% of the cost of the heating system, with a maximum limit of 4.000 euros. However, the conditions for the promotion are strict. There are also some technical requirements for the heating system that must be met. Overall, the heating subsidy helps citizens of North Rhine-Westphalia reduce the cost of installing or replacing a heating system.

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Easycredit unscheduled repayment: what options do you have??

Unscheduled repayments are payments made by the borrower that are unscheduled and in addition to the monthly repayment installments. They are basically for faster repayment or. Debt relief. A special redemption right must also be separately named and listed in the contract. Not all banks offer free unscheduled repayments at all times. Many unscheduled repayments are possible only 1x per year sometimes free of charge. If fees are charged for unscheduled repayments, they often amount to between one and three percent of the unscheduled repayment amount. For example, if you want to pay off a loan in its entirety before the end of the term, you may even be charged an early repayment penalty. But how does the easyCredit unscheduled repayment work?? And will there be a cost for this? Everything important about easyCredit unscheduled repayment can be found on this page of Qomparo.

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