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Newsletter 30 - 12/06/2015
of June. Since the ELA liquidity buffer for Greek banks has remained stable at 3 billion over the past 6... percent for 2016, 3 percent for 2017 and 3.5 percent for 2018 and beyond) and abandoning its demands... are demanding 3 billion euros of fiscal measures this year alone and another substantial overhaul
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammeits forecast to a contraction of 1.5 percent. S&P is more pessimistic as it projected a 3 percent..., 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... billion would be incorporated in the calculation. 3) On the flipside, Greece could receive SMP and ANFA
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammerate applied on tax obligations above 5,000 euros from 3 to 5 percent. For lower amounts... for Greek bank recapitalisation as outlined in the Euro Summit statement of July 13. 3) The repayment... in September. 5) Payment of state arrears to the private sector of around 3 billion euros.
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammeto the amounts paid out in pensions to early retirees before and after they reach 67. The savings are seen at 3... income) is anticipated to result in incremental revenues of 370 million for 2015. 3) The increase... of unpaid obligations to social security funds from 3 to 5 percent, tax increases in the shipping
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... somewhere between 25 and 28 percent, compared to 36.3 percent in the January vote 3) New Democracy’s... with Democratic Left (DIMAR) but not ex-Prime Minister George Papandreou’s party, is seen clearing the 3
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek PoliticsG Dawn 6.5 KKE 5.5 PASOK 5 Potami 5 Centrist Union 4 Popular Unity 3 Ind Grks 2.5 #Greece... KKE, PASOK & Potami 5 Centr Union & Popular Unity 3 Ind Grks 2.5 Und'd 15 #Greece — MacroPolis... 5.5 Potami 5 Popular Unity 3.5 Centrist Union 3.2 Ind Grks 3 #Greece — MacroPolis (@MacroPolis_gr
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBanking(QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ... funding collaterals. Gross loans decreased 3 percent QoQ to 66.3 billion, while deposits fell... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased
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Pending pensions mount up, complicating fiscal effort
Economy), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including.... The latter currently stands at 1.3 billion, while ETEA’s total wealth is estimated at 3 billion
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which... down from 3.3 percent in 2015 to 3.2 percent in 2016 and further to 3 percent in 2017.
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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
Economylowest level since October 3, while Greek stocks recorded cumulative losses of 3.4 percent..., chairwoman at NBG, resigned on November 3, while Panagiotis Thomopoulos elected new non-executive.... The stock traded ex-dividend on November 4. Coca Cola HBC released a trading update on November 3
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