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Newsletter 14 - 06/02/2015
that this will happen gradually and following consultations with employers and unions. 6. Alternate Administrative.... Manufacturing PMI hits 15 month low Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January... for the ninth straight month in December, dropping by 6 basis points to 1.82 percent, according to the Bank
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Newsletter 18 - 06/03/2015
billion to the IMF in four tranches, on March 6, 13, 16 and 20. In addition Greece has to pay 1.08 billion... if the institutions approve a rise in the current T-Bill stock limit of 15 billion, Greek banks would not be allowed... was not aware of the agreement that will see the electricity firm’s employees receive an extra 6 euros a day
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Moody's downgrades Greek bond rating, sees chances of accident rising
Economy, concluding the review for downgrade that commenced on February 6. At the same time the outlook... by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s..., this would correspond to more than 6 billion outflows in the course of April. Moody’s notes that a delayed
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Referendum and the ECB to determine the future of Greek banks
Economyforced a bank holiday and capital controls until July 6, one day after the referendum. This means... percentage points (pp) would leave the ELA liquidity buffer at around 6 billion, while a higher haircut (above 15 percent) would create a liquidity gap. At the same time, if state guaranteed collaterals
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeentities to recycle cash surpluses around 6 billion out of the 10.7 billion ought to be consolidated... by September and financing needs until then would be covered by about 6 billion from the Hellenic... stable and below the 15 percent threshold over the next three decades. However, the drop in the debt
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economythe 15 percent threshold set by the IMF in a number of years. The average ratio increases to 13.1... for deposit build-up of 4.5 billion (compared to 7.7 billion proposed by the IMF) 6) Privatization proceeds of 2.5 billion (versus 1.5 billion projected by the IMF) 7) General government cash surplus of 6
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammeand will be granted at the age of 67 years with a minimum of 15 years of contributions or at the age of 62...’ healthcare contributions to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingincome fell 6 percent QoQ to 74 million. It was negatively affected by the domestic macro... dropped by 35 percent QoQ, as Q4 was burdened by one-off costs, while fell by 6 percent on a like... to loans and other (15 billion), while the cash value of the used pillar II bonds stood at 1 billion
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Crisis management policy: the sad lesson of the Greek case
Agorato be above 15 percent in 2009, and the gross public debt was over 120 percent of GDP in 2009... review of the 2015 agreement, a structural general government surplus of 6–7 percent of GDP in 2016... thereof. However, there is no reason to believe that the 6–7 percent could be reduced to lower than 4
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeatures. Meanwhile, Chinese steel production has risen from 15 percent in 1999 to 50 percent today.[3] The country... that the decline in domestic demand aggregated at around 65-75 percent.[6] One obvious factor behind...-low-in-brief-respite-for-world/ [6] http://www.ekathimerini.com/211533/article/ekathimerini
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