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Central government debt increases 6.53 bln to 387.3 bln in Q2
EconomyMacroeconomythat long-term (over 5 years) debt made up 75.1 percent of the total, while short-term (up to 1 year... million euros. FSM loans continue to make up the majority of the total, accounting for 63 percent... of the composition of new borrowing in Q2 showed that T-bills made up 43.5 percent of the total, followed by fixed
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgramme. This is higher by almost 1 billion compared to its previous forecast, reflecting the troika’s view... its fiscal gap projection to less than 2 billion euros. Although Parliament voted an amendment... as of October 1, the troika has reportedly also asked for a reduction in the number of installments to 72
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammewith a net positive impact of more than 600 million euros in 2016 are as follows: 1) Annual revenue.... 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self... in the excise tax on diesel for farmers (from 66 euros per 1,000 litres to 200 euros as of October 1
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European Commission evaluates impact of bailout programme
EconomyProgramme: 1) Granting guaranteed contributory pensions only at the attainment of the statutory retirement age of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent.... According to the Commission, the main objectives of these further reforms are to: 1) Establish
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomypercent). On the flipside, arrivals from France slipped 1 percent, while those from Russia plummeted.... If confirmed, this would mean 2 million higher arrivals than last year’s figure of 24 million and 1 million above SETE initial estimate of 25 million. In addition, direct tourism revenues are now
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The key points in Greece's new bank recap bill
Economyis allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2... framework: 1) A bank that has been deemed viable by the Bank of Greece (BoG) may apply to the Hellenic... of Greece (BoG) following the submission of an updated restructuring plan. 2) The updated
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... in October, after a decline by 1 percent in September. The slight drop is mostly attributed... and transport prices by 2.4 and 1 percent, respectively. It is worth noting that the harmonised index
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammein 2019 and 2 percent in 2020, while long-term growth is expected at around 1 percent. Under an adverse scenario with no further policy reform implementation, GDP growth is seen at 1 percent... the government’s recent estimate of around 2 percent of GDP, which is expected to increase to 1.5 percent of GDP
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Bond issue decision expected as clock ticks down
PoliticsGreek PoliticsGiannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board... between 2 and 24 instalments to settle what they owe. These elements of the bill mean that many... Panos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels
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