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Newsletter 68 - 01/04/2016
and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP... and cosmetics (+0.5 percent). January’s slip in retail sales was fuelled by a drop in petrol prices. 2
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With review completion in sight, which way next for Greece?
Agoraparliamentary debate on the pension and income tax reforms – worth 2 percent of GDP – but all voted... lifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from... the conference call, the management noted it expects deposit inflows of 2 – 2.5 billion for the Greek..., this figure could be impeded by taxpayers’ obligations in H2. The bank’s Common Equity Tier 1 (CET1
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyof 0.7 percent of GDP, still remaining more than 1 percentage point lower than the programme target... again to 2 percent in 2020 and to 2.6 percent in 2021. It is worth noting that general government revenues (as a percent of GDP) are expected to drop by around 1 percentage point per annum
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Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level... notable rise. 2 The season for election speculation Tsipras pins hopes on completing review
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomyin the time deposit rate led the weighted average rate on all new deposits down by 2 bps to 0.35... bps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1
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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... by 2 percent followed by smaller rises in housing (+1.8 percent) and hotels, cafes and restaurants... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammethe government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP...The International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1
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Greece and lenders trap themselves over labour reforms
Agorameasures that the lenders are demanding: A 1 percent of GDP reduction in the tax-free threshold for personal incomes and another 1 percent of GDP cut in pension spending. Also, it might... wrangling, Greece still harbours hope of reducing the 2 percent of GDP volume for the new fiscal
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67... a nosedive in the rate for loan amounts above 1 million euros by 83 bps to 3.89 percent, its lowest...) to 5.17 percent and for amounts between 250,000 and 1 million euros (-22 bps) to 4.79 percent
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