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Shortcomings in healthcare seen at forefront of austerity impact in Greece
Societyusers rose from in 2009 to 484 in 2012 (figure 1) and preliminary data for 2013 suggest..., with newly unemployed people aged 29–55 years covered for a maximum of 2 years. Rapidly increasing... 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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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead... and capital return of 0.15 euros per shares each on June 24 with the payment date set on July 1.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
EconomyMacroeconomypercent of GDP (from 0.7 percent before) and for 2018 to 2 percent (from 1.6 percent). However... at zero (from -3.4 percent of GDP) in 2016, at -1.5 percent (from -2.7 percent) in 2017 and at -1... thereafter to -1.5 percent of GDP in 2019, to -1.7 percent in 2020, to -2 percent in 2021 and further
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingand liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... increased by 2 billion QoQ to 8 billion in March, at a cost of -7 bps. The bank said it participated... to 41 billion and management said that deposit flow stabilised in Q2. The Common Equity Tier 1 (Tier1
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomy. As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1.... The issue of savings worth 2 percent of GDP for the post-programme period was pivotal... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning... to the last European Parliament elections in 2014, when it gained 9.39 percent. Two new parties set to elect 1
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyofficial creditors. The reduction by 1 percentage point will have a substantial stimulating effect... percent below the 2008 level, and rising by just 2 percent in the first nine months of 2019. Fitch sees... of 0.6 - 2 percent, and the IMF’s estimate of 0.9 percent. Fitch welcomes the developments
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyby 5.2 percent QoQ and services exports increased by 1 percent. Imports of goods rose by 7.8 percent... year-on-year, while imports were up by 9.6 percent. Goods exports increased by 2 percent YoY, while... latest WEO released in April, the IMF sees growth of 2 percent in 2024. In its latest economic outlook
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomyin the 11-month period, mostly due to an increase in purchases of goods and services by almost 1... million to 5.22 billion. Social benefits of 35.45 billion euros accounted for 51.7 percent of total expenditure, followed by compensation at 14.34 billion making up around 21 percent of the total figure
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