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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
AgoraTwo of the four systemic Greek banks, Alpha and Eurobank, have announced the completion of their bookbuilding process. Alpha said on Thursday it successfully raised a total of 2.56 billion euros from... billion euros. This was set as the bank’s total capital needs excluding the 83 million euros
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Coalition considers options for addressing pension system sustainability
EconomyProgrammeup 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over... the incorporation of supplementary funds into main pensions with the aim to secure a higher total pension
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyincome tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... in the 10-month period to 5.33 billion, in line with target. Overall, total expenditure fell by 4.8 percent
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SYRIZA fails to make any friends with new public sector wage grid
PoliticsGreek Politicsof a total of 567,000 civil servants receiving pay rises of between 15 and 80 euros, spread out over.... The total annual cost of these changes is estimated at around 300 million euros during the four-year
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgramme, a total of 2.66 million pensioners in Greece receive 2.38 billion per month. A total of 2.91 million
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
EconomyTotal receipts from taxes and social security contributions in Greece improved to 39 percent of GDP in 2014 from 38.3 percent in 2013, Eurostat figures showed on Friday. Despite the recorded... percent of total in Greece compared to 30 percent for the euro area and 32.1 percent for the EU. Net
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomy.[Link to chart - Loans, Total, Balance, Year on Year] The segmental breakdown showed corporate lending... euros with deductions increasing to 47 million in December to a total of 167 million for the whole year
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyeuros over this period, reducing IKA revenues accordingly. The number of IKA insured fell by a total... but grew to 2.21 million at the end of 2014. The total amount of wages contracted in each year
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In grip of protests, coalition searches for ways to lift mood
PoliticsGreek Politicsbe the one deciding the number of permits available and could seek to limit the total in order to keep out..., the report was delivered earlier this month and proposed a total of four permits. Tax evasion Another area
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammein contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... in the implementation process. In addition, the government has to identify measures yielding in total 1 percent
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