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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
Economyof confidence and bank stability. IOBE projects a recession of 2 – 2.5 percent this year. A milder GDP... well ahead of the completion of the new programme. Key preconditions for such a development are: 1... of Greece remaining in the eurozone coupled with the necessary consent. 2) The urgent
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New Democracy 2) SYRIZA’s support has been falling dramatically over the last two months and now stands
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Newsletter 45 - 02/10/2015
indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two... Sentiment in September saw the biggest rise in 13 years. 2 Not a winter for ineptness Country must
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policyinstalment of 2 billion euros. The EU commissioner did not pinpoint what four issues he was referring to but reports in the local media have identified them as: 1) Settling on a formula for property foreclosures 2) Making changes to the 100-instalment scheme for tax and social security debtors 3
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomy) and the UK (+17.5 percent), while arrivals from France grew by a modest 2 percent. In contrast, incoming... tourist arrivals in 2015 will be met. Such a development would correspond to a rise by 2 million... by 1 billion from last year’s figure.
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Newsletter 63 - 19/02/2016
(May 1). Regarding pension reform, signs of a potential compromise on the domestic front emerged..., Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9... over the past four years. Apartment prices fell for the seventh straight year in 2015. 2 A marriage
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping of interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsto complete the remaining bailout measures ahead of the May 24 Eurogroup. Another 1 percent of GDP... the fiscal mechanism demanded by creditors to ensure that up to 2 percent of GDP in contingent measures can be implemented if the programme is off track in the coming years. Having already voted through 2
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset... and 0.3 billion to other securities. On the capital front, the bank’s phased-in Common Equity Tier 1
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomytarget of 3.5 percent could be reduced to 2 percent after 2018, which is consistent with debt..., with the non-performing loan (NPL) ratio increasing by almost 2 percentage points in the course..., Greek bank’s Common Equity Tier 1 (CET1) ratio reached 16.4 at the end of 2015 from 13.8 percent
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