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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsbeen settled and that there is an agreement in place for 1 percent of GDP in measures, coming mainly from reductions to pension spending, being implemented in 2019 and another 1 percent of GDP... to implement 2 percent of GDP in measures in one go in 2019 (a possible election year), unless
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBanking) and consumer loans (-2 million). In contrast, a positive NPE formation of 22 million was posted... losses rose by 1 percent QoQ and 7.5 percent year-on-year to 188.2 million, corresponding to a cost... increased. The phased-in Common Equity Tier 1 (CET1) ratio stood at 17.3 percent in Q1 with the fully-loaded
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomy, it was by far the lowest in the eurozone and well below the average of around 19 percent. On a scale of 1.... The eurozone average was close to 1 percent. In contrast to an improvement in the eurozone, Greek SMEs... in their debt-to-assets ratio, SMEs in Greece signaled an increase of 8 percent (from 2 percent before), which
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Newsletter 122 - 09/06/2017
sustainability, it said. 2 Unemployment hits five-year low April figure is lowest jobless reading since... services turnover index rose for the third successive quarter, albeit at a slower pace of 1 percent... by 1.2 million to 26 million in 2017, while travel receipts are projected to rise by at least 1 billion
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Tsipras tries to resolve trash row as opposition goes on offensive
PoliticsGreek Politics- the captain of the Noor 1 cargo ship seized with around 2 tons of heroin on board in 2014, had... regarding the Noor 1 drug smuggling case. Kammenos responded in Parliament on Monday to questions from
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Conference on Cyprus: foot-dragging towards a dead end
Agoraof the Cyprus Republic. The ratios provided by the Annan plan were 2:1 for the government and 3:1
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Third review agenda becoming more complex for Tsipras
PoliticsGreek Politicsalready has to implement 1 percent of GDP in pension cuts in 2019. Having to raise the equivalent of another 1 percent of GDP from lowering the tax-free ceiling the same year could scupper the prime... unpaid taxes also shot up by just over 2 billion euros compared to a rise of 727 million euros in June
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgrammeof 1 percent of GDP in 2019-2022 and a personal income tax reform to be implemented in 2020 and delivering net savings of 1 percent of GDP in 2020, 2021 and 2022 The pensions and income tax reforms are accompanied by a growth-enhancing tax package matching in net terms the yield of 2 percent of GDP
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CPI falls by 0.2 pct in Jan, first negative figure since Nov 2016
EconomyMacroeconomywas positive by 1 percent. The core index edged down by 0.4 percent following a 0.2 percent decline... and footwear prices (-2 percent). These declines, along with smaller falls in several other categories... sales period, -1.4 percent in household equipment and -1 percent in transport. Price rises were
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Ahead of IMF Spring Meetings, questions remain about conclusion of programme
EconomyProgramme, while the Europeans tend to favour a figure just over 2 percent. The IMF is due to publish the latest... (worth 1 percent of GDP) as well as the 1 percent of GDP in pension cuts in 2019 in order to meet its
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