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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyposted by the UK (+68.1 percent), followed by Germany (+20 percent), US (+15.1 percent) and France..., international arrivals fell by 1.5 percent in June and rose by a mere 1 percent in the 6-month period. Market
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Greece commits to ambitious privatisation targets as part of new bailout
EconomyProgrammeprior actions: 1) Announce binding bid dates for Piraeus (OLP) and Thessaloniki (OLTH) port... (consortium led by Fraport AG). 3) Conclude around 20 selected pending actions (not specified
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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammeand resolution purposes - 13 billion euros that Greece will receive by August 20 once the bailout has... a maturity of 35 years and carry an interest rate of 1 percent. The debt sustainability issue, along
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomy-negative reading since August 2011. The outstanding balances fell by more than 1 billion month on month... of more than 35 billion since then, while balances have dropped by almost 20 percent over
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Newsletter 44 - 25/09/2015
before the depositor bail-in becomes effective as of 1 January. That said, the Greek banks have... unexpected results on 20 September. While many have questioned Alexis Tsipras’s honesty
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Ambitious privatisation targets will test government's resolve
Economythe following measures: 1) Endorse the Asset Development Plan (ADP) approved by HRADF at the end of July, which... winning bidder. 4) Conclude around 20 selected pending actions – not specified – that have been
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Retail sales nosedive by 8.7 pct in July amid capital controls
EconomyMacroeconomy) and department stores (down 14.9 percent). In contrast, retail sales not in stores rose by 1 percent in July... a marked improvement by 11 points to -20.
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Tsipras identifies debt relief, bank recap and attracting investments as key goals
PoliticsGreek Politicsreview and secure the disbursement of the next two subtranches of 2 and 1 billion euros due by mid... to international bond markets in 20 months, in other words by mid-2017. Debt relief It was little surprise
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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Economyis seen easing to 1 percent in 2018 and to 0.3 percent in 2020. The cost of bank recapitalisation is among the key reasons for a significant rise in the IMF’s gross debt estimate by almost 20 percentage
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Newsletter 47 - 16/10/2015
Little appetite for a fuss Government expected to easily pass first package of prior actions The submission to Parliament of the government’s first multi-bill since the 20 September elections has... forecasts point to a recession of 1 to 1.5 percent for this year and 1.3 to 1.8 percent for next year
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