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Newsletter 253 -12/06/2020
of January that fetched a yield of 1.91 pct and the 7-year issued in April of 2 billion euros... by 14:30 local time with total offers of 15.75 billion euros and price of mid swaps +160 basis points... in the first scenario and by 17.3 percent in the second, with rebounds in 2021. 2 Unemployment rate
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Newsletter 283 -05/02/2021
a total of 338,155 doses administered by Wednesday. In total 276,135 people have received at least... participation will bring the total reduction near that amount, with 27 billion euros of NPEs coming... expires. A total of 58.7 billion euros worth of bad loans sit on the balance sheets of the country’s banks
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Brussels talks inconclusive, Tsipras has tough sell at home if deal reached
PoliticsGreek Politics. According to reports, this year’s target will be 1 percent of GDP rather than 3 percent, 2 percent in 2016... that the government will have to adopt 3 billion euros worth of fiscal measures, against the 1 billion euros... for incremental revenues of 1.8 billion euros, or 1 percent of GDP, from the changes. At the moment, food
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... in the time deposit rate led the average rate on new deposits down by 1 bp accordingly to 1.12... for higher amounts up to 1 million rose by 15 bps to 5.19 percent, while the lending rate for amounts
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super... will be abolished starting from October 1 for islands with higher incomes, which are also the most popular destinations, and is due to be extended to the other islands as of Jun 1, 2016. Other measures
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This is how things stand as bailout talks head for a brief pause
EconomyProgramme1 percent of GDP. On pensions, on top of the measures already implemented last summer, which are meant to yield 0.5 percent of GDP, an additional 1 percent is required for the next years. Half... for farmers and the self-employed. Tax Tax measures, which are expected to yield 1 percent of GDP
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeto be voted in the Parliament. Those measures, which are not quantified in the document, include: 1) Rationalisation of welfare benefits based on the recommendation of the social welfare review 2) Abolition... the use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammeworth 1 percent of GDP each will be implemented. This was a discussion that was conditional... will be 1:1. IAPR will also be able to benefit from the public sector mobility scheme, with full... welfare, on top of the existing pension reform that is seen yielding 1 percent of GDP by 2018
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomypercent increase in exports, which was offset by final consumption by falling by 1 percent and a 9.3... remained flat in Q3. In Q2 it recorded 1 percent growth year on year. General government consumption... by 0.1 percent QoQ and 1 percent YoY. Final consumption retains the lion’s share of GDP, making up
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammeGoods (IELKA), basic food products correspond to 57 percent of total food purchases. This means... in a rise in their retail price by 8.8 percent, assuming that new rates are passed on in total to retail prices. The study shows that the estimated total burden on the average household from the VAT
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