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Newsletter 432 - 06/09/2024
spending to 3 percent of GDP, or 3 billion euros. This amount has already been parcelled out to boost... for Freedom (Plefsi Eleftherias) and ultra-orthodox Niki both make it above the 3 pct threshold with 3.6 pct and 3.4 pct respectively. Voice of Reason (Foni Logikis) manages 3 pct, MeRA25 2.7 pct
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Newsletter 433 - 13/09/2024
of spending that would comply with an expenditure increase of around 3 pct. Athens’s position was helped... reports that for the rest of its term the government will have between 3 and 3.5 billion euros... months, reaching 3 pct in August. Aside from food inflation, which is persisting but moderating
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Greece and the euro: The flight of Icarus
Agoraon imported goods. When Greece joined the euro, it was importing about 3 billion euros of good per... stagnant by comparison. When Greece entered the euro, it exported 1 euro for every 3 it imported. By 2009... deficit had reached 7.4 percent of GDP when the limit for the eurozone was 3 percent. Greece’s debt
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What is the state of play with Greek banks?
Economyat the end of August. A further reduction of new production well below 3 percent and the consequent gradual repricing of the total book close to 3 percent are anticipated to fetch some 900 million euros... is in the money with the first exercise date set on December 10 3) the announcement of the outcome
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PASOK unites forces with Greek "Olive Tree" for EP elections but will it be enough?
PoliticsGreek Politics3 percent support in national elections and 2.9 percent in European elections. Greece's other social democratic part, Democratic Left (DIMAR) scored equally poorly with 3.1 and 3 percent respectively. There should be no mistaking the fact that these figures, right on the 3 percent threshold
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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyin the past 3 years. Findings from population surveys suggest a 2.5 times increased prevalence of major depression, from 3•3 percent in 2008 to 8•2 percent in 2011, with economic hardship being a major
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingby a modest 3 percent year on year (YoY). The latter mainly reflects a boost in trading income to 44... income (NII), the group figure fell 3 percent YoY and QoQ to 751 million, dragged by Finansbank’s weaker..., after a 3 bps hike in Q4. Gross loans slightly rose by 0.4 percent QoQ to 70.4 billion, while deposits
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeincluding: a) Market re-access. The first transaction involved a 5-year bond issuance of 3 billion... and 750 million respectively. c) Intra-governmental borrowing. Up to 3 billion of excess liquidity... is insufficient to deliver the targeted increase in the primary surplus (to 3 percent of GDP), while
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After landmark return in April, Greece prepares to tap bond markets again
Economya 3-year bond issue with the aim of raising 2.5 – 3 billion euros by July 10. The proceeds may... maturities. Bond issues with 3- to 7-year maturity would build up the yield curve. The first issue had... the past 3 months. Most importantly, all banks’ bond and equity transactions were oversubscribed
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicshis plan would bring 3 billion euros into public coffers in the first year. He also proposed a new...- and medium-sized enterprises. Tsipras said these lenders would be given a total starting capital of 3 billion... his party’s plans for identifying evaders would bring in at least 3 billion euros in the first year
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