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Current account deficit narrows by 45 pct to 804.3 mln in Feb
EconomyMacroeconomy) more than offsetting a worsening in the services surplus by 226 million. The breakdown showed... that of exports. The decline in the services’ surplus by more than 59 percent mostly reflects a nosedive... than offsetting a reduction in the services’ surplus by 443 million. Imports of goods dropped 10.9
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Bailout talks inch forward as Juncker comments complicate matters
PoliticsGreek Politicsexpects the surplus to be higher than the IMF’s projections, thereby strengthening the Greek... for 2015, which is substantially better than the 0.6 percent primary deficit that the IMF expects... now rather than when targets are missed), although he indicated the Commission would be willing
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The diversions of the past
Agoracaused deaths in Greece recently rather than terrorism that identifies itself with Marxist, or other..., such as Revolutionary Struggle, have not killed anyone by luck rather than design in recent attacks... pronounced way than the divisive “theory of the two extremes” followed by his predecessor Antonis
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economy. EC noted that the slower than initially anticipated recession this year is largely due to the more... of the first programme review. Potential upside risks include a faster than expected improvement... programme, slowdown in the global trade as well as a higher than expected negative impact of the refugee
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Newsletter 72 - 06/05/2016
on April 19, is due to be discussed in plenary over the weekend and voted on Sunday night, earlier than... and responsive than central governments, which face bureaucratic hurdles and are often hampered by political... of hatred” that included comments about sending refugees to nearby Auschwitz. Rather than helping refugees
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek Politicsto focus on spending cuts rather than tax hikes if he comes to government. Tsipras admitted to being under..., rather than an indiscriminate mechanism triggering cuts in all ministries, and to be legislated now... that the bailout review still has some time (weeks, rather than days) to run while efforts to create
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammerate of expenditure cuts. If the primary surplus is off track by more than 0.25 percent of GDP... in case of a natural disaster or other force majeure with a fiscal impact higher than 0.5 percent of GDP... than targeted.
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With review completion in sight, which way next for Greece?
AgoraKammenos to walk out over a reference by Migration Minister Yiannis Mouzalas to “Macedonia” rather than... to take corrective action. Given that more than 80 percent of public spending in Greece... of GDP) than the one that might be called for in 2017. This could then trigger the previous scenario
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NPL resolution in Italy and Greece
Agoraunderscored by the reality that more than 200 billion euros of these NPLs are termed sofferenze in Italian... the minister who drafted it, Louka Katseli – overburdened the courts. There are currently more than... 20 percent or even more than 30 percent of these fraudulent creditors, who can repay their loan
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammethat it could be concluded in less than one month. NPLs The second key issue relates to the non-performing... in municipalities with less than 2,000 inhabitants who declare annual income below 10,000 euros... noting that ELA cost stands 150 bps higher than that of ECB. After the implementation of prior
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