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Fallout from Ukraine war being fed into calculations about next general elections
PoliticsGreek Politicsfall by 1 point since January, down to 31 pct. Backing for SYRIZA is also down by 1 percentage point... Interior Minister Stelios Petsas said that he does not expect elections, which are scheduled to take place
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Newsletter 361 - 02/12/2022
in the sector were suggesting that the additional income from the higher rates could reach over 1 billion... called Gefyra (Bridge) 1 and 2 that subsidised mortgages initially and then business loans, under... terms would push elections out to at least March. Interior Minister Makis Voridis has hinted
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Newsletter 405 - 08/12/2023
. Compared to Q3 2022, final consumption increased by 1 pct YoY, while investments also increased by 4.9 pct. Exports rose by 1 pct annually, imports increased by 2.9 pct..... Former interior minister Alexis Haritsis has been appointed as the new group’s frontman. In his
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet... to figures published by the IMF[4]. In the same figures, the IMF foresees increasing growth..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1
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How big is the gap separating Greece and the institutions?
EconomyProgrammecontribution for pensioners for their main pensions by 1 pp from 4 to 5 percent. The institutions insist... for 2016 (2.87 percent of GDP) that would result in a primary surplus of 1 percent of GDP for 2015... on revenues of 1 percent of GDP on an annual basis compared to the 0.74 percent proposed by the Greek
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammegovernment had voted on July 15 a series of pension reforms, which mainly included: 1) An increase in health contributions for pensioners from 4 to 6 percent for main pension and from zero to 6... contributions (zero-deficit clause) from January 1, 2015. A ministerial decision
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the previous proposal. The pension interventions include: 1) Early retirement restrictions totalling... the cut by 3.9 pp that was implemented by the previous government as of July 1, 2014. At that time... in the health care contribution for pensioners for their main pension by 1pp from 4 to 5 percent
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyits GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent... targets. In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However
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Adult skills in Greece lacking, indicates OECD survey
Societyof proficiency (level 4 or 5) in literacy, compared to around one in 10 adults (10.6 percent) on average across the OECD countries that participated in the survey. At Level 4, adults can integrate... percent of adults in Greece attain level 4 or 5, well below the OECD average of 11.2 percent. Similar
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking(QoQ) to 144 million in Q4. On an annual basis, PPI fell by 4 percent to 1.04 billion euros. Net... (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion..., EFSF/ESM bonds were down to zero by the end of January 2018. Gross loans further contracted by 1
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