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Newsletter 36 - 24/07/2015
be sold without the consent of shareholders, 2) transferring business to a bridge bank, 3) separating... of capital controls since June 29, 2) the banks’ financial results for the second quarter of 2015, 3... 690 million euros year-on-year. 2 Divided we fall Treating Greek crisis as a national problem has
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek PoliticsCent Union 3.6 Undecided 14 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 Pulse poll... 12.8 #Greece — MacroPolis (@MacroPolis_gr) September 2, 2015 The GPO poll also showed that Alexis... of respondents deem the government to have been a failure. 2) Similarly, an overwhelming percentage of voters
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... of the FY target of 750 million) 2) Other social security funds expenditure (at zero versus an annual
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Newsletter 43 - 18/09/2015
26.6 percent in Q1. The unemployment rate also improved by 2 points compared to the Q2 2014 rate... the unemployment rate improved by 2 points. Primary surplus almost doubles Greece’s budget primary surplus... million above target. 2 Parties miss the point The election outcome and country's prospects remain
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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... of non-performing loans for both corporate and households. 2) An overhaul of the pension system
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammecuts imposed in 2012 that would create a fiscal gap up to 2 percent of GDP (3.7 billion euros) and the huge stock of pending pensions, which have an estimated cost in excess of 2 billion. Non... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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Asking Greece to stack more austerity measures ignores past failings
Agorato 2018 and commit to an added 2 percent of GDP on stand-by in the event that targets are missed... an upwards-revised surplus of 705 million euros. This meant the target was missed by more than 2... package worth 2 percent of GDP, equally split between revenues and cuts, 2.4 billion euros on each side
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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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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... target. 2 The chill of post-truth politics Crude Brexit debate is reminiscent of Grexit referendum
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... lower than the target. Indirect taxes rebounded 11.2 percent to 2 billion in August, outperforming... billion, 2 billion lower than the target. According to the breakdown, salaries and pensions dropped
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