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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeand backpay for some categories of pensioners who have more than 30 insured years of work. Another... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state... residences. The current scheme is due to expire at the end of April and despite more than 40,000 people
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... Bank of Greece also said in January that it plans to leverage the Hercules mechanism for more than... after achieving this Stournaras noted that the NPL ratio in Greece will be five times higher than
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicsof ANFA and SMP profits for investment rather than just debt servicing and Beyond that, there are two... than banks because they are not weighed down by the lenders’ capital concerns. Minimum wage Another... the minimum wage by 11 pct, more than the panel of experts and the institutions advised, to 650
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Unemployment continues decrease in Nov, falling to 16.5 pct
EconomyMacroeconomythan hirings. Compared to the same month last year, there were 9,636 fewer people hired than fired... balance showed 127,644 more hirings than departures. The respective balance for the same period last
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Government braces for reaction to pension bill
PoliticsGreek Politicsto the pension system since the crisis began more than a decade ago that would lead to retirement pay rising (at least in some cases) rather than being reduced. This message has fizzled out over the past few... would also have to pay up to 20 percent more than under the Katrougalos law, which linked the level
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PM faces complex challenge as Turkey threatens free passage for refugees
PoliticsGreek Politicsasylum seekers to reach Greece. If this turns out to be more than a publicity stunt aimed at putting... leader Antonis Samaras has a much more hardline approach to the migration issue than the prime minister... and repeatedly issuing public messages than anyone who is not a genuine asylum seeker will not be allowed
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Gathering signs of coronavirus impact on growth expectations
Economyby 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than... to 1.9 percent in 2020, almost a full percentage point lower than the government’s estimate. This could
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Newsletter 242 -06/03/2020
that it expects Greece’s economy to grow by 2.54 percent this year under the baseline scenario, lower than... as mentioned is already lower than the government’s forecast of 2.8 percent. Under the second adverse scenario, GDP growth could come to 1.9 percent in 2020, almost a full percentage point lower than
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros... of debtors owe less than 15,000 euros each for an aggregate amount of 4.54 billion euros (12.8... to 1.05 billion, higher than the amount for 2016 by 28.4 percent. For 2018, total revenue collection
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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
Economyin impacted areas that had to close for more than 10 days. The government has also offered to subsidise... to the coronavirus and the migration crisis. Although Alpha notes that Greece is somewhat more protected than other countries because the virus will impact demand more than the supply side, it adds
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