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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up... issues of 3- and 5-year bonds and, after years of recession, the first sign of growth was recorded... up the starting point of Greece’s fiscal effort by an extra 3 percent of GDP. Based
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBanking(QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ... funding collaterals. Gross loans decreased 3 percent QoQ to 66.3 billion, while deposits fell... to see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased
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First review completed but more prior actions lie ahead for Greece
EconomyProgramme-controlled companies has to be transferred to the new privatisation and investment fund. 3) Ratification... (not later than June 2017). 3) Public Power Corporation (PPC) Annual General Meeting (AGM) should... with an international independent advisor. 3) Enhancement of the operational framework of the Hellenic Civil
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Pending pensions mount up, complicating fiscal effort
Economy), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670... are taken into account. As a result, the current deficit of 3 billion would reach 6 billion including.... The latter currently stands at 1.3 billion, while ETEA’s total wealth is estimated at 3 billion
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy) Change in rates and extension of solidarity levy (678 million) 3) Increase in the excise tax... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which... down from 3.3 percent in 2015 to 3.2 percent in 2016 and further to 3 percent in 2017.
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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
Economylowest level since October 3, while Greek stocks recorded cumulative losses of 3.4 percent..., chairwoman at NBG, resigned on November 3, while Panagiotis Thomopoulos elected new non-executive.... The stock traded ex-dividend on November 4. Coca Cola HBC released a trading update on November 3
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomywere included in the draft budget that was tabled on October 3. Fiscal estimates The general... and extension of solidarity levy (668.5 million) 3) Increase in the excise tax on energy products... million), pension reform (63 million) and change in the pension ceiling (43 million) 3) Granting
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankinglosses of around 3 billion. Core pre-provision income edged up 1.5 percent quarter on quarter (QoQ... and reached 1.92 billion in 2016. Fee income stayed almost flat QoQ at 81.2 million. It rebounded by 3... to 1.17 billion from the exceptionally high figure of around 3 billion in 2015. As a result, cost
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Greece completes first bond issue in three years, eyes more on way out of programme
EconomyGreece has tapped capital markets with a 5-year bond issue for the first time since 2014, raising 3... offer was 2.08 times oversubscribed. Of the total amount of 3 billion raised from the new bond... similar transaction in April 2014. At that time, Greece raised 3 billion from a syndicated bond issue
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeperiod, Greece has been running a primary deficit in the region of 3 percent of GDP. The only exception... to meet the overall deficit target of 3 percent for euro adoption, though quickly reversed to primary... of GDP only 3 cases have managed to maintain that target and, when excluding resource-rich countries
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