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S&P upgrades Greece one notch to B, sees growth in 2015
Economy’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than... of 2 percent of GDP in the next three years, which is less than half the 4.5 percent target
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomy. In contrast, the jobless rate in the 55-64 age group increased by more than 2 percentage points YoY to 17.2... percentage points (pp) in 2014 and by a further 2 pp in 2015. Note that the average jobless rate so
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Deflation rises again in Greece: CPI down by 0.8 pct in September
EconomyMacroeconomyand services, only 2 posted an increase in prices, namely health (up 3.8 percent) and alcoholic beverages... (down 2.4 percent). A more moderate drop in prices was displayed in recreation and culture (-2
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economy(annual) profit loss. For example, if a bank has a capital of 10 billion, of which DTC is 2 billion (20... of DTA conversion to DTC (north of 2 billion euros for the four systemic Greek banks
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyin 2014 after the -2 percent posted in May. On a monthly basis, CPI fell 0.9 percent compared..., alcoholic beverages and tobacco, displayed an increase (+2 percent). On the flipside, the highest drop
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The politics of debt dynamics in Greece
Agorapercent.[2] Despite these favourable parameters, there are also serious doubts about Greece’s capacity... in the second quarter of 2016. [2] The Greek government’s 2014 debt projections are included
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomypercent. Similarly, the consumption tax to GDP ratio reached 11.8 percent in 2012, almost 2 pp above... the OECD average of 6.6 percent. However, their contribution to total taxation slipped by 2 pp to 21.2
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Newsletter 7 - 12/12/2014
. Local media reported the Bank of Greece would retain 2 billion as a precautionary capital reserve... primary surplus figure exceeded its target by 658 million. 2 One last evasive manoeuvre Antonis
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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Economyby 15.4 percent in December ending the year up 2 percent to 20.46 billion, 932 million short of target.... The PIB showed a deficit of 1.48 billion in December on seasonal expenditure of 2 billion, while
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The state of play with Greek banks' liquidity
EconomyThe ECB is expected to decide on Wednesday, February 4, on the extension for another 2 weeks of Greek banks’ access to Emergency Liquidity Assistance (ELA) funding. The request submitted by the Bank... banks have already tapped ELA for 2 billion euros. It is unclear at the moment whether the ECB
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