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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economy. EC noted that the slower than initially anticipated recession this year is largely due to the more... of the first programme review. Potential upside risks include a faster than expected improvement... programme, slowdown in the global trade as well as a higher than expected negative impact of the refugee
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Newsletter 72 - 06/05/2016
on April 19, is due to be discussed in plenary over the weekend and voted on Sunday night, earlier than... and responsive than central governments, which face bureaucratic hurdles and are often hampered by political... of hatred” that included comments about sending refugees to nearby Auschwitz. Rather than helping refugees
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek Politicsto focus on spending cuts rather than tax hikes if he comes to government. Tsipras admitted to being under..., rather than an indiscriminate mechanism triggering cuts in all ministries, and to be legislated now... that the bailout review still has some time (weeks, rather than days) to run while efforts to create
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammerate of expenditure cuts. If the primary surplus is off track by more than 0.25 percent of GDP... in case of a natural disaster or other force majeure with a fiscal impact higher than 0.5 percent of GDP... than targeted.
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With review completion in sight, which way next for Greece?
AgoraKammenos to walk out over a reference by Migration Minister Yiannis Mouzalas to “Macedonia” rather than... to take corrective action. Given that more than 80 percent of public spending in Greece... of GDP) than the one that might be called for in 2017. This could then trigger the previous scenario
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NPL resolution in Italy and Greece
Agoraunderscored by the reality that more than 200 billion euros of these NPLs are termed sofferenze in Italian... the minister who drafted it, Louka Katseli – overburdened the courts. There are currently more than... 20 percent or even more than 30 percent of these fraudulent creditors, who can repay their loan
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethat it could be concluded in less than one month. NPLs The second key issue relates to the non-performing... in municipalities with less than 2,000 inhabitants who declare annual income below 10,000 euros... noting that ELA cost stands 150 bps higher than that of ECB. After the implementation of prior
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If you think it's bleak for Greece now, wait until tomorrow
Agoraplayers in shaping policy in Greece recently foresees that it will take more than four decades... worse than the rest of the euro area. The combined effect of all this is that labour will contribute... saw growth of 1.2 percent. The equivalent for Ireland has been more than 2 percent. Since reforms
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Linking of ex-PM with centre-left role highlights inertia, not momentum
PoliticsGreek Politicssocial democrats are having rather than any sign that momentum could be building. Reports over... spectrum. According to the reports, Simitis is seen more in the role of facilitator rather than... democrats are encountering rather than any desire on Simitis’s part to rekindle his political career
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomythan offset by household net deductions of 189 million. Since the beginning of the year, the net... slipped to 13.3 billion with increased deductions of 46 million less than 20 million in each... in April from more than 200 million in each of the previous three months of the year. Overall
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