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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomypace by 1 percent YoY in Q1 after slipping by 0.7 percent in the previous quarter. However, it grew... released before two months pointed to international arrivals at 25 million, up by 1 million compared... growth to 2 percent in 2015 accelerating to 3.6 percent in 2016. 2015 outlook The new government
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Greece rides the ghost train
Agorafor the next few years (1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... million euros (0.5 percent of GDP) this year and 1.8 billion euros (1 percent of GDP) next year. We must
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Tsipras points to debt relief roadmap as deal clincher
PoliticsGreek Politicsof 1 percent of GDP for this year and 2 percent in 2016), Tsipras needs to bring back something from... totalling 1 percent of GDP, or 1.8 billion euros. On pensions, the government has so far proposed
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As Greek deadline looms, this is how the next days could play out
EconomyProgramme. There are several options: 1) The Eurogroup approves the disbursement of the last EFSF tranche of 1.8... Dijsselbloem recently stated, it is too late for such a disbursement before June 30. 2... a programme as of July 1 for the ECB to continue providing liquidity to the Greek banks via the Emergency
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomybillion, which is the highest reading since December 2012. ECB funding rose by almost 1 billion to 39.8... currently from zero last December 2014 stems from: 1) Extended deposit withdrawals of around 48 billion from December until the end of June. 2) Replacement of ECB with ELA funding following ECB decision
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycertain assumptions. In the first scenario, the rating agency assumes: 1) Non-performing exposure (NPE... loans to 52.1 percent, implying a rise by 24.9 billion in absolute terms. 2) Increase in reserve... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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The ins and outs of the Greek bank recapitalisation process
Economy-in is effective as of 1 January 2016. Since the Greek bank recapitalisation process should be completed by the end... for the stress tests (under the baseline scenario) while the final templates are due by 2 September. Regarding..., accounting for around 45 percent of their Common Equity Tier 1 (CET1) capital. This means
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsof Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy... ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows... their support by about 2 percentage points since last week. Macedonia Uni for Skai TV ND 30% SYRIZA 29.5
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politics. According to all indications, the mission chiefs: 1) Do not favour a rise in social security contributions for supplementary pensions by 1.5 percentage points (1 point for employers and 0... federations. 2) Do not agree with the recent proposal from the government for lower contributions
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammesome key pending issues that could unlock the disbursement of the next sub-tranche of 2 billion... disbursement of both the sub-tranche of 1 billion plus the all-important 10 billion for bank... that will create cost savings of 1 percent of GDP in 2016. According to reports, this could mean cuts
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