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How Greek banks were left on the brink
Agoraeach, Eurobank at 8 billion and Alpha at 6.2 billion. Those estimates were based on current collateral valuation and haircut regime. Given that the ELA limit was raised by around 6 billion euros since... percent after improving by more than 6 pp in the course of 2014. Greek banks’ cumulative provisions (Loan
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Newsletter 32 - 26/06/2015
percent, a reduced at 13 percent and a super-reduced at 6 percent. The latter currently stands... pensions from 4 to 6 percent and to a similar level for supplementary pensions, where the rate is now... the institutions (led by the International Monetary Fund) rejected more than half of nearly 8 billion
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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... billion, Eurobank at 8 billion and Alpha at 6.2 billion). Taking into account the deposit outflows since... percentage points (pp) would leave the ELA liquidity buffer at around 6 billion, while a higher haircut
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeof Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8... entities 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
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsat around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work... percent threshold to enter Parliament 6) In contrast, coalition partner Independent Greeks seems... fewer than the 25 that broke away from SYRIZA to form the party 8) The post-September 20 Parliament
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgramme-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13... percent (from 11 percent) and for annual income above 12,000 euros to 35 percent (from 33 percent). 6... to 2018. 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyat 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure... on income from rents (200 million) 6) Increase in the advance tax payment for legal entities (130 million) 7) Increase in the tax on insurance fees (106 million) 8) Introduction of tax on television
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Optimism for Cyprus solution abounds but talks at delicate phase
PoliticsForeign Policywith the third licensing round for explorations in gas fields 6, 8 and 10 and questioned Nicosia’s... argued that “an important segment of the area number 6 remains within the outer limits of Turkey's
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Asking Greece to stack more austerity measures ignores past failings
Agora- stuck in talks to close a fiscal gap between now and 2018 that ranges from as high as over 8... of heavy fiscal lifting in 2012 with 12.4 billion, 6 billion in cuts and 6.4 billion in revenues... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP
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Stocks finish week on high after progress at Eurogroup
EconomyExchanges (+6.7 percent) and Alpha (+6 percent). On the flipside, the biggest declines were posted... losses stood at 6 million in 2016 compared to 60 million a year ago, while its turnover fell by 5... by 11.6 percent to 49.1 million and EBITDA improving by 8 percent to 43 million. Piraeus Bank
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